Fair Share: Protecting Consumers and Your Business from Unfair Practices
Real estate professionals wear many hats: expert communicator, attentive listener, trustworthy confidant, obedient servant, loyal advocate, and knowledgeable educator, to name just a few. To juggle these roles effectively—and within the lines of the law—licensees must remain informed. Real estate professionals are in a position to provide an invaluable level of consumer protection as they support consumers through their real estate transactions.
This course explores licensees' role as advocate and educator, and how they can protect consumers and their business from the threats of antitrust and fair housing violations and predatory lending. We'll start by looking at what federal protections are in place to combat these unfair practices. We'll also provide the steps you can proactively take to protect the consumers you work with day in and day out and the business you've worked so hard to create.
Course highlights include:
- Federal antitrust laws and violations
- Avoiding antitrust violations and protecting consumers from them
- Antitrust complaint process and penalties
- Federal fair housing laws and violations
- Redlining, blockbusting, and steering
- Buyer love letters
- Fair housing complaint process and penalties
- Predatory lending
- Truth in Lending Act
- Home Ownership and Equity Protection Act
- Protecting consumers from predatory lending
- Reporting predatory lending
State Requirements For Illinois
Illinois State Requirement Details for Real Estate Managing Broker Continuing Education
Renewal Date: April 30th of odd-numbered years
Hours Required by the State: 24 hours
- 12-hour Broker Management CE course
- 6-hour core course
- 6 hours of elective courses including
- 1-hour course in Sexual Harassment Prevention Training
Note: A managing broker renewing their license for the first time may use the 45-hour managing broker pre-license brokerage administration and management course to satisfy the 12-hour broker management CE requirement. If the current term of the managing broker license ends within the 90 days after the initial managing broker license is issued, a licensee is not required to complete CE for that managing broker license term but shall complete all CE requirements before the next managing broker renewal deadline.
Illinois Department of Financial and Professional Regulation Division of Real Estate
Street Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786
Mailing Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786
Telephone: (800) 560-6420
Email: fpr.realestate@illinois.gov