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Illinois Real Estate Broker License

This class was created by Brainscape user Michael Berger. Visit their profile to learn more about the creator.

By: Michael Berger
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Decks in this class (17)

Chapter 16 - Licensing Law
After passing the state exam what...,
Who is responsible for each branc...,
Can a licensee serve as a dual ag...
26  cards
Chapter 6 - Real Estate Financing
What do you call the clause which...,
What is another term for a volunt...,
Wrt mortages does illinois subscr...
68  cards
Chapter 1 - Intro
What does avulsion refer to,
What is the term for gradual and ...,
Name the five types of real property
31  cards
Chapter 2 - Ownership, Interests, and Encumberances
When the term ownership in severa...,
What are the three governmental p...,
Eminent domain
56  cards
Chapter 3 - Land Use Controls
What is a comprehensive municipal...,
What are the 5 common zoning clas...,
Buffer zone zoning
10  cards
Chapter 5 - Liens
Lien,
Encumbrance,
Types of liens
25  cards
Chapter 9 - Title, Transfer, and Records
Grantor deeds,
Grantee deeds,
Who is requited to sign a deed
38  cards
Chapter 11 - Real Estate Agency
Brokerage agreement,
Ministerial acts,
The fiduciary statutory responsib...
7  cards
Chapter 12 - Contract Law
Express contract,
Implied contact,
Bilateral contact
24  cards
Chapter 13 - Brokerage Operations & Agreements
Name the four types of listing ag...,
Exclusive right to sell listing a...,
Exclusive agency listing agreements
10  cards
Chapter 4 - Legal Description of Land
What are the three methods of des...,
The primary lines used for descri...,
Metes
31  cards
Chapter 7 - Appraisal
Aces performance of cma appraisal,
Bpo,
Dust re to have value
27  cards
Chapter 8 - Environmental Issues
The iepa is charged with,
When was the use of asbestos banned,
Encapsulation
8  cards
Chapter 10 - Real Estate Closings
What are the sellers requirements...,
Closing in escrow,
Respa closings
8  cards
Chapter 14 - Fair Housing
Which law prohibits any type of d...,
Title viii of the citil rights ac...,
What are the three marker years f...
15  cards
Chapter 15 - Property Management and Leasing
The two primary responsibilities ...,
Which three factors does a proper...,
How many units must an owner poss...
21  cards
Midterm notes
When do fixtures used for busines...,
To assign a contract for the sale...,
When a life estate passes the sec...
8  cards

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Illinois Real Estate Broker License

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