Real Estate Audio Lectures
Chapter One Introduction to the Real Estate Business

Chapter One Introduction to the Real Estate Business

November 26, 2018

This lecture covers:

Definition of Real Estate Land and Real Property

Industry Career Fields

Forces of Supply and Demand

Physical and Economic Characteristics of Real Estate

 

Chapter Two: Real Property and the Law

Chapter Two: Real Property and the Law

November 26, 2018

This chapter lecture covers

  • Definition of Land, Real Estate and Real Property
  • The Bundle of Legal Rights
  • Real Property V. Personal Property
  • Fixtures vs. Trade Fixtures
  • Physical and Economic Characteristics of Real Estate
  • 7 Bodies of Law that Affect Real Estate
Chapter Three: Concepts of Home Ownership

Chapter Three: Concepts of Home Ownership

November 26, 2018
  • Types of residential property
  • Advantages of Home Ownership
  • Tax Benefits of real estate
  • Real Property Insurance
  • Replacement vs. Actual cost
  • Flood Insurance

 

 

 

 

Chapter Four: Real Estate Agency

Chapter Four: Real Estate Agency

November 26, 2018

This audio lecture will cover:

  • The Law of Agency
  • Agency in Illinois ( Designated Agency)
  • Important Agency Definitions
  • Fiduciary( Client) Duties
  • Residential Real Property Disclosure Report
  • Misrepresentation, Fraud and Concealment
  • Stigmatized Properties
  • Customer Level Services
  • Creation and Termination and Disclosure of Agency
  • Types of Agency Relationships
  • Dual Agency

 

Chapter Five: Real Estate Brokerage

Chapter Five: Real Estate Brokerage

November 26, 2018

This Audio Lecture will cover:

  • Types of  Illinois real estate Licensees
  • Sponsoring and Managing Brokers
  • IRS Considerations : Independent Contractor vs. Employees
  • Managing Broker Responsibilities
  • The Policy and Procedure Manual
  • Licensee Safety
  • E and O Insurance
  • Personal Assistants: Licensed and Un-licensed
  • Broker Compensation and Commissions
  • Procuring Cause
  • Anti Trust and Consumer Protection Laws
Chapter Six: Brokerage Agreements

Chapter Six: Brokerage Agreements

November 26, 2018

This audio Lecture will cover:

  • Various Types of Brokerage Agreements
  • Statute of Frauds
  • Types of Listing Agreements
  • Net Listing Agreements
  • The Listing Process
  • The Listing Agreement
  • Listing Agreement Issues
  • Minimum Services
  • Broker Protection Clauses
  • Buyer Agency Agreements
  • Termination of Broker Employment Agreements
Chapter Seven: Interests in Real Estate

Chapter Seven: Interests in Real Estate

November 26, 2018

This Chapter audio lecture will cover:

  • The Governmental Powers ( PETE)
  • Estates In Land
  • Freehold vs. Leasehold
  • Fee simple Defeasible and Life Estates
  • Legal Life Estates
  • Encumbrances ( Liens, Easements, Restrictions)
  • Types of Easements
  • Creating and Terminating and Easements
  • Riparian and V. Littoral Water rights
  • Accretion, Erosion and Avulsion

 

Chapter Eight: Forms of Ownership

Chapter Eight: Forms of Ownership

November 26, 2018

This audio Lecture will cover:

  • Ownership In SEveralty
  • Co-Ownership
  • Tenancy In Common, Joint Tenancy,and Tenancy by the Entirety
  • Partition suit
  • Community Property
  • Land Trusts
  • Ownership by Business Organization
  • Condominiums and Cooperatives
  • Time Share
Chapter Nine: Legal Descriptions

Chapter Nine: Legal Descriptions

November 26, 2018

This Chapter audio Lecture will cover:

  • Methods of Describing Real Estate
  • The Rectangular Survey System
    • Townships
    • Sections
    • Legal Descriptions and Acerage
  • Lot and Block System
  • Surveys
  • Datum
Chapter Ten: Real Estate Taxes and Liens

Chapter Ten: Real Estate Taxes and Liens

November 26, 2018

This Chapter Audio Lecture will cover:

  • Types of Liens
  • Effects of Lines of Title
  • Priority Of Liens
  • Subordination
  • Real Estate Tax Liens
  • General "Ad Valorum" Property tax
  • Special Assessments and SSA's
  • Other Liens
    • Mortgage Liens
    • Mechanics Liens
    • Judgments
    • IRS Liens
    • Estate and Inheritance Tax liens
    • Corporate Franchise Tax Liens

 

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