INA, Ill. - Rend Lake College real estate courses provide successful students the gateway to becoming a broker, and can put current sales persons ahead of the curve when changes to Illinois law take effect in April. Students should register now, as classes start Monday.
"After April 30 of next year, you can no longer obtain the real estate sales person credential," explained Lori Ragland, director of Community and Corporate Education at RLC. "Individuals who are in a sales person status are going to have to transition to broker status by passing a proficiency test. If they don't pass it, they have to take additional coursework. The program we have, if you take all six courses and pass the brokerage examination by April 30 of 2011, these changes are not going to affect you."
The changes were put into effect by revisions to the Illinois Real Estate Act of 2000, Ragland added. By successfully completing the first class in RLC's program, Real Estate Principles, students can sit for the Illinois Sales Person Examination. Those who are not already sales persons must complete this course, along with the next five, in order to take the Illinois Real Estate Broker's Examination.
RLC's program consists of six courses all together, the first of which (Real Estate Principles) begins very soon, Aug. 16, and is the only required class to take the Illinois Sales Person Examination. However, it is one of six courses required for the state broker's examination. The second course, Real Estate Advanced Principles, starts Aug. 18. The remaining four courses are Real Estate Law, Contracts, Conveyances; Financing; Brokerage Administration; and Real Estate Appraisal.
The program ends Dec. 3, however most courses run less than a month, to as little as a week. The longest course, Real Estate Principles, goes from Aug. 16 to Dec. 3. All courses, with the exception of two, are provided in an evening format in the academic building on RLC's main campus in Ina. The two exceptions: Real Estate Law, Contracts, Conveyances; and Brokerage Administration; are from 8 a.m. to 4 p.m. on Saturdays, and are located in the same classroom. The courses are $88 each, except for Real Estate Principles, which is $264. The total cost of the program is $704. However, someone who already has the sales person credential will pay only $440 to complete the program and get on his or her way to becoming licensed broker.