Vince De Paul's Real Estate Reality Blog

Real Estate Is Different

 It’s important to recognize and understand the differences between the real estate industry and other industries.  To begin with, although we’re called brokers and agents, ours is different from the typical brokerage. 
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Illinois License Act Changes for 2018

It's not unusual to see changes in laws for licensing and regulating different professions, and the practice of real estate, and real estate education, is no exception. There will be a few changes for 2018 in the Illinois Real Estate License Act that will affect you.

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Practice, Practice, Practice

Anyone who has ever taken one of my classes knows that I like to keep things simple.  When it comes to taking the Illinois Real Estate Broker license state exam I always give simple advice.  Before I retired from teaching at College of DuPage, we conducted a number of surveys of students that passed the real estate pre-license course but didn’t pass the state exam the first time.  The results were really no secret to anyone. 
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Don’t Tell Anyone

When you decide to embark on a real estate career, most people want to tell everyone they know. DON’T TELL ANYONE!  Don’t tell your husband, don’t tell your wife, don’t tell your parents, don’t tell your friends, don’t tell anyone! When you study real estate, you’ll learn the law of agency.  An important element of that law is confidentiality.  I’m asking you to practice confidentiality.

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A New Career after Retirement

After working the same job (or many different jobs) for 40 or 50 years, most of us look forward to retirement and we’re ready to take it easy. However, after getting the “gold watch,” playing a hundred rounds of golf, traveling here and there, tending the garden day after day, and driving your spouse crazy, sometimes you’ll get really bored.  When the lack of purpose and the loss of the identity and self-esteem you got from your old job affect your happiness, you might find yourself thinking, “I gotta do something meaningful.”  

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Starting Your Career Part-Time

The very best way to begin a successful real estate career is to just dive right in and work full-time. In many cases, however, it's just not possible with the obligations we all face... so the question is often, "Can I start part-time?" .... and with the right strategy, the answer is yes. Be prepared, however, to be frustrated if you can only work nights and weekends. What often happens is you find yourself showing homes to your buyers on the weekend and they call you Monday morning saying that they want to buy. If you're stuck at your other job, you have a big problem.
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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.