The content of this course covers the IDPFR-specified topics for the 15 Hour - Applied Real Estate Principles Course (AREP) as prescribed in The Real Estate License Act of 2000.
Our AREP course contains six chapters. Each chapter begins with an informative text narrative summarizing key points of required content. Subsequently, participants will be given interactive quiz questions and a variety of interactive case study demonstrations, "what if" case studies, and situational case study examples. Students will be required to participate by answering problem-solving questions and situations.
The overarching purpose of the 15-hour Applied Real Estate Principles course is to expose students to more real-life applications of Illinois real estate principles and laws, including:
- how to list and sell properties
- how to comply with agency and disclosure requirements
- how to gear your practice to comply with anti-discrimination laws
- how to work with sales contract provisions and escrow funds
- how to value and price properties
Finally, the last chapter summarizes other key job-related duties and obligations such as teams, compensation, advertising, and a review of activities requiring licensure.
For students looking for an Illinois principles textbook for the 60-hour broker course, we have Principles of Real Estate Practice in Illinois
