Keeping it Honest: Understanding Real Estate and Mortgage Fraud

$39
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3
Description
Renewal Requirements

Fraud has become a major issue in the industry. Lawbreakers use real estate as a vehicle to steal the life savings of unsuspecting homeowners and defraud lenders out of millions of dollars for their own gain. Federal, state, and local governments have taken steps to combat real estate fraud, but it remains a major problem—one you need to have a solid understanding of to ensure you're able to shield your clients and yourself from being defrauded or unknowingly committing fraud.

Keeping It Honest: Understanding Real Estate and Mortgage Fraud has been updated to discuss the latest fraudulent schemes and explain recent government initiatives aimed at stopping fraud and protecting consumers.

Course Highlights:

  • Fraud and its impact on the real estate industry
  • The newest and most prevalent types of fraudulent schemes
  • Red flag behaviors that suggest someone is engaging in fraud
  • How to report fraudulent or suspected fraudulent activities to the proper authorities
  • Key government initiatives aimed at stopping fraud and protecting consumers
  • Activities and scenarios to provide real-world context for course content

Package Content:

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

IDFPR Real Estate Brokerage

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