Thanks so much for watching! Here is the link I promised to share, it's an exam prep tool from PSI www.psionlinestore.com/ Make sure you choose the IL examination and read the fine print so you know what you're purchasing. Much success to you
Any videos you recommend to study for the state exam ? Or Materials to use ( Laws and Rules Regulating Real Estate Practice) (Licensing Requirements) Does are the ones I’m having trouble to pass the exam .
Hi, did your real estate school provide a textbook? Is so, there should be a chapter on IL law. If they didn't, their curriculum should have information on the laws. If you haven't already done so, print off the section of the candidate handbook that covers the IL portion of the exam and use that as a study guide. My most recent video covered licensing requirements
You can ask the seller if they wish to renew the listing agreement. If they do, you get it in writing with another expiration date. Are you licensed or preparing for the exam?
@@realestatetutoress Im preparing for my exam. thank you for your video.I had watched all your videos. they help me alot. hopefully, I can pass my next exam.
In their independent contractor's agreement broker, they specifically state that they want to be sponsored as a licensee by their broker but want their commission paid to "Mike Lewis Incorporated". Which of the following is true? a) The licensee can no longer legally act as an independent contractor b) The corporation must be licensed with the department of financial and professional regulation c) The licensee can legally collect their commisions as mike lewis incorporated d) no more than 49% of the corporation stock may be held by the licensee to practice real estate
I understand you stated the rules for getting paid through a business entity, does it have any effect if you are an Independent Contractor? Also, do you have videos covering info on Indep. Contractors. It's all a bit confusing.
The answer is C. As a licensed real estate broker in IL, you can be an independent contractor rather than an employee of your sponsoring broker. As an independent contractor, you can choose to set up a business entity (corporation, LLC, etc) and get compensated through the entity rather than in your name. This concept is not unique to the real estate industry. Someone driving an Uber is an independent contractor. If Uber allows it, they can create a business entity and get paid through the entity rather than in their name. Hope that makes sense.
There's no rule that says that information should be disclosed. I don't disclose my clients to the seller. It also prevents any discrimination or fair housing violation
![[Illinois Real Estate Broker Exam Prep] Vocabulary || Words and Terms You Should Know for the Exam](http://i.ytimg.com/vi/50IiBF4oUN4/mqdefault.jpg)
Thanks so much for watching! Here is the link I promised to share, it's an exam prep tool from PSI www.psionlinestore.com/
Make sure you choose the IL examination and read the fine print so you know what you're purchasing. Much success to you
I passed my tests today. Thanks for the amazing videos, it helped tremendously.
You're welcome!! Congratulations 🎉🎉👏🏾👏🏾👏🏾 I'm glad they helped.
Thanks for sharing your experience
@@RoyalPriesthood-TV you're welcome!
Omg! I am an eXp real estate agent too!!! I haamve been an agent for almost 9 months next month.
Oh, that's awesome!!!! We should definitely connect on WP
Yes, that would be great!!!
Any videos you recommend to study for the state exam ? Or
Materials to use ( Laws and Rules Regulating Real Estate Practice) (Licensing Requirements)
Does are the ones I’m having trouble to pass the exam .
Hi, did your real estate school provide a textbook? Is so, there should be a chapter on IL law. If they didn't, their curriculum should have information on the laws.
If you haven't already done so, print off the section of the candidate handbook that covers the IL portion of the exam and use that as a study guide.
My most recent video covered licensing requirements
I did CE Shop no textbook 😢
Thanks for video! I have a question. What are you going to do if you get a listing, but your license expires soon?
You can ask the seller if they wish to renew the listing agreement. If they do, you get it in writing with another expiration date.
Are you licensed or preparing for the exam?
@@realestatetutoress Im preparing for my exam. thank you for your video.I had watched all your videos. they help me alot. hopefully, I can pass my next exam.
Can you post the link to the video before this one?
Here you go! ruclips.net/user/liveRDLAzOWHh-Q
Can you do a video on the math portion of the real estate broker exam
Hi, check my videos. I do have some math videos
Okay thank you 😊 your videos really helped me pass the IL state exam 💪🏾
@@lamarfields6796 Congratulations!!!! 🎉🎉🎉
Congratulations… prepping for my exam in Illinois now
I need personal tutoring to take my exam. I'm very nervous
Take it one step at a time, one chapter at a time. Check out this video on some tips ruclips.net/video/eo9tdIzaOwM/видео.htmlsi=DnD7IaCzjM97SL5D
In their independent contractor's agreement broker, they specifically state that they want to be sponsored as a licensee by their broker but want their commission paid to "Mike Lewis Incorporated". Which of the following is true?
a) The licensee can no longer legally act as an independent contractor
b) The corporation must be licensed with the department of financial and professional regulation
c) The licensee can legally collect their commisions as mike lewis incorporated
d) no more than 49% of the corporation stock may be held by the licensee to practice real estate
I understand you stated the rules for getting paid through a business entity, does it have any effect if you are an Independent Contractor? Also, do you have videos covering info on Indep. Contractors. It's all a bit confusing.
The answer is C. As a licensed real estate broker in IL, you can be an independent contractor rather than an employee of your sponsoring broker.
As an independent contractor, you can choose to set up a business entity (corporation, LLC, etc) and get compensated through the entity rather than in your name.
This concept is not unique to the real estate industry. Someone driving an Uber is an independent contractor. If Uber allows it, they can create a business entity and get paid through the entity rather than in their name.
Hope that makes sense.
Question for you experts.. Does the real estate agent showing the house have to disclose to the seller who saw the house?
There's no rule that says that information should be disclosed. I don't disclose my clients to the seller. It also prevents any discrimination or fair housing violation