Your House Academy's Real Estate Reality Blog


Buying Property In Person vs. Online

Although the convenience of online shopping is very tempting, it pales in comparison to the experience of making some purchases in person. Especially if it is one of the biggest purchases you will ever make in your life.
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So, You Want to be a Real Estate Agent?

Being a real estate agent sounds enticing, doesn’t it? But do you really know what it entails? Keep reading to find out more on what this exciting career is all about and if this is for you!
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Residential or Commercial Real Estate?...That is the question.

What kind of real estate should I practice?...residential or commercial? The fact is both professions require the very same real estate broker license, but the two areas are very different. So let's dive into what those differences are.
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A Preview into Professional Property Management

Property management is a fast-growing area of real estate. Because there will always be people who need to rent out properties, this career is consistently in high demand. With that being said let’s introduce the fundamentals of Property Management and get a preview of what happens in this area of real estate.
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Your House Real Estate Academy Illinois Real Estate Broker License Renewal Portal is Open

The IDFPR broker license renewal portal is open for business! Broker licensees will be receiving an email notification from IDFPR with login information and must renew their license on or before April 30, 2022. According to the IDFPR, the portal may experience some performance issues due to a high volume of online renewals.
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New 45-Hour Post-License Requirement

It almost goes without saying, government and real estate are two closely related fields. Much like anything else, the rules and regulations that the nation's leadership imposes upon real estate professionals can be divisive. However, No matter what your personal opinion is on politics, it's easy to agree that every now and then the government gets it right. This is one of those times.
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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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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.