Vince De Paul's Real Estate Reality Blog


4 Reasons Why a Real Estate Investor Should be Licensed

Many people enter the real estate profession with the idea of becoming a real estate investor. They have ambition and financial backing to be successful in real estate. This foundation is a great place to start and is perfectly legal as personal real estate investing in Illinois does not require a real estate license. These motivated individuals can be next level if they take some real estate classes to become a licensed professional realtor. Real estate licenses require time, effort, and investment to obtain the license, but the return on the investment is well worth it.
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Real Estate Wholesalers Require Broker License in Illinois

Real estate wholesaling is the process through which an individual, the ‘wholesaler,’ acquires a contract from the seller of the property and assigns that same contract to an end buyer. Wholesaling is promoted as one of the best short-term investment strategies to break into the real estate investing because it does not require special education or significant capital to get started. However, individuals interested in wholesaling must receive proper real estate training.
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Prior Convictions Not a Barrier to Receiving a Real Estate License

The Illinois Department of Financial and Professional Regulation has released a report which shows that prior criminal convictions are rarely a barrier to obtaining a professional license in Illinois.
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Special Announcement From The IDFPR

As part of our ongoing efforts to provide a more efficient and responsive regulatory experience, the Illinois Department of Financial and Professional Regulation is excited to announce that we will be implementing a new electronic license renewal notification process. By moving away from the paper-based license renewal notification, we will be able to save valuable State resources, while providing better service to the public.


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Winter Heating Safety Tips

According to the National Fire Protection Association (NFPA), heating equipment is a leading cause of home fires in the United States. Overall, heating equipment is the second leading cause of U.S. home fires and home fire deaths. Fortunately, heating-related fires can be prevented if action is taken on time.
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Preparing For The 2021 Real Estate Market as a REALTOR®

There is no question that the 2021 real estate market will be different than in the past. In general, homes are selling faster and at higher prices than ever before. Here are five tips to help you prepare for this changing and challenging marketplace.
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January is ‘Radon Action Month’ in Illinois

IEMA, American Lung Association Encourages Home Radon Testing


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Throwback Radio Thursday - The Costs of Refinancing

Refinancing can spare you hundreds of dollars per calendar month, but it is vital to know all the related costs and long-term effects. The scope of your loan and the state and county where you reside will play huge roles in how much you pay. Just like with any large financial undertaking, it is very much advised that you do your homework, ask questions, and look thoroughly at your short-and long-term goals before choosing to refinance.
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Throwback Radio Thursday - The Stress in Refinancing

Refinancing your home may seem like a good idea, but it can be quite stressful. Who really wants to sit down and crunch numbers and speak with lenders when you already have your home? But the stress it may cause you to refinance your home could be worth it, after all, you do not want to leave free money on the table!


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Throwback Radio Thursday - "Try it Themselves For a While"

We all know that selling a home can be one of the most stressful things people go through in life, a lot must go right to end up with that “perfect” buyer. Selling a home is not as easy as some people may think, and, for a lot of people, the for sale by owner process ends up being a huge waste of time and money. 


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A REALTOR® is a licensed real estate agent who is a member of the National Association of REALTORS®, (NAR) the largest trade group in the country.

Every agent is not a REALTOR®.  You become a REALTOR® after you pass your real estate course, pass the state license exam, join a real estate company and then join the National Association of REALTORS®.

According to the NAR, the term REALTOR has one, and only one, meaning:
"REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics."

Michael Fair, President and Director of Your House Academy is an NAR member.