Illinois Real Estate licensees must renew their licenses every two years. Real Estate Broker and
Residential Leasing Agent renewals occur in even-numbered years while Managing Broker renewals
occur in odd-numbered years.
Read more…
Ihttps://www.isba.org/cle/2022/10/realestatelawupdate2022
This is an interesting article by UIC Stuart Handler Department of Real Estate
When buyers tend to think about having overpaid for their home.
Making the smartest decision that you can at the time you are making it in order to prevent buyer’s remorse.
How the market defines what a home is worth.
Identifying what overpaying means to you.
Key Takeaways:
The only two constants in real estate are that sellers want to sell for the most money, and buyers want to pay the lowest amount possible for a home.
The market will have ups and downs, so be comfortable with your buying decision upfront.
A home is worth what a qualified buyer is willing to pay for it, what the seller is willing to accept, and what the home appraises for.
The smartest decisions are based on both logic and emotion.
“You cannot predict the future. You want to make your real estate decision based on your current AND future needs.” — Dave Nimick
Connect with Dave Nimick:
Website: https://thenimickteam.com/
Email: [email protected]
YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos
LinkedIn: https://www.linkedin.com/in/davenimick/
Facebook: https://www.facebook.com/thenimickteam
Dave Nimick is the owner of The Nimick Team, Inc. with Keller Williams Realty
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.
Here is a link to the Broker Renewal Help Sheet.
https://idfpr.illinois.gov/Forms/Online/2022%20Broker%20Renewal%20Help%20Sheet.pdf
2022 Real Estate Brokerage License Requirements for a Continuing Education (CE) Instructor. An individual possessing a Real Estate Continuing Education (“CE”) Instructor License may teach an. Elective CE Course. Licensed by the Division of Real Estate (“DRE”) unless restricted by the DRE to specific courses or topic areas.
To learn more view the link below.
A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic.
Click here to read the rest of the article: https://fortune.com/2021/11/29/housing-market-real-estate-predictions-2022-forecast/
Rental Payment Program (ILRPP). With Illinois’ initial 2021 allocation of rental relief funds fully paid out, IHDA will open a new round of assistance funded by a separate federal bill on Monday, November 8, 2021. For future ILRPP and mortgage assistance program information and updates, please visit illinoishousinghelp.org. You may read the full press release here.
If you missed the window to apply for assistance through IHDA, the Illinois Department of Human Services (IDHS) is currently accepting applications for rental assistance. If you are looking for assistance, please contact an IDHS Service Provider Agency in your area. To find out if you’re eligible, ask about rental assistance, and get help with applying.
Find a IDHS Service Provider at https://www.illinoisrentalassistance.org/providers
Learn about available Homeowners, Renters, Landlords assistance programs that are available.
Visit: https://ihda.org
ILLINOIS — After four extensions and numerous challenges in court, the federal moratorium protecting Illinois renters from eviction during the pandemic is set to expire in just a few days.
The moratorium, issued by the Centers for Disease Control and Prevention, officially ends July 31. The most recent extension was issued in June, and federal officials have indicated they have no plans to extend it again.
Click the link to read the rest of the article. https://patch.com/illinois/chicago/illinois-renters-fear-eviction-federal-moratorium-ends
This is a recent article called Spring 2021: Government Affairs Update that was written by the Chicago Association of Realtors. To read this article, click here.