
Frequently Asked Questions
1. What is the nature of the Real Estate program at College of DuPage?
2.
What real estate degrees, certificates and courses are offered
at College of DuPage? How is a certificate different from a degree?
3.
Will the real estate courses transfer to a four-year school?
4.
What career opportunities are there in the real estate industry?
5.
When is a Real Estate Broker or Real Estate Salesperson license
required?
6.
What is the difference between a broker and a salesperson?
7.
What are the State of Illinois requirements for obtaining an
Illinois Real Estate Salesperson License?
8.
Does College of DuPage offer the coursework required to obtain
an Illinois Real Estate Salesperson License?
9.
What are the State of Illinois requirements for obtaining an
Illinois Real Estate Broker License?
10.
Does College of DuPage offer the coursework required to obtain
an Illinois Real Estate Broker License?
11.
What types of Real Estate Appraiser licenses are there in Illinois,
and what are their requirements?
12.
What appraiser coursework is available at College of DuPage?
13.
What is a home inspector?
14.
Does a home inspector need a license?
15.
What are the State of Illinois requirements for obtaining an
Illinois Home Inspector
License?
16.
Does College of DuPage offer the coursework required to obtain
an Illinois Home Inspector
License?
17.
What are prerequisites?
18.
Do the real estate coursers at College of DuPage have prerequisites?
19.
Who gives the Illinois license examinations?
20.
Where can I get more information about taking the license examinations?
21.
Where can I get more information about license requirements?
22. Who can I contact at College of DuPage for more
information?
23. On what web sites can I obtain more information?
24. What are the requirements for the Associate in
Applied Science (A.A.S.) degree in Real Estate?
1.What
is the nature
of the Real
Estate program at
College of DuPage?
The Real Estate program
at College of DuPage
is designed
to meet
the needs of both
students wanting
to enter
the real estate
industry
and
those already employed
in the field who
wish to continue
their professional
growth.
It includes the
courses required
by
the State of Illinois
that qualify students
to take the following
state license examinations:
Real
Estate Broker
Real Estate Salesperson
Associate Real Estate
Appraiser
Home Inspector
2.
What real estate degrees, certificates
and courses
are offered at
College of DuPage? How
is a certificate
different
from a
degree?
A certificate focuses
on a specific body
of knowledge
whereas a degree
combines
that focus
with a broad
academic background.
Degree: Associate
in Applied Science
degree
with a Real
Estate Option
Students earning
this degree generally
seek
employment
following graduation
as opposed
to transferring
to a four-year
school.
Includes those
courses required
by the State
of Illinois
to qualify to take
the state
license examinations
for an Illinois
Real Estate
Broker License
and an Illinois
Real
Estate Salesperson
License. These
courses may
be taken independently
of the degree program.
This degree program
contains the following
requirements:
Program Requirements
Program Electives
General Education
Requirements
See Question 24 for the A.A.S. in Real Estate degree
requirements.
Certificate: Real
Estate Appraisal
certificate
Students earning
this certificate
generally
seek employment
as an appraiser.
Includes courses
approved by the
State of Illinois
as acceptable
for credit
to qualify
to take
the state license
examination
for an Illinois
Associate
Real Estate Appraiser
License.
This certificate
requires the following
courses:
| Course |
Course
Number |
Semester
Hours
|
| Real
Estate Transactions |
REALE
1110 |
3
|
| Basic
Appraisal Principles |
REALE
1152 |
2
|
| Basic
Appraisal Procedures |
REALE
1153 |
2
|
| Uniform
Standards of Professional Appraisal Practice (USPAP) |
REALE
1154 |
1
|
Course: Home Inspection |
REALE 1170 |
4
|
Students completing this
course generally seek employment
as
a home inspector.
This course satisfies the
State of Illinois education
requirement
to
qualify to take
the state license
examination for an
Illinois Home
Inspector License.
3.
Will the real estate courses transfer to a four-year school?
Real estate courses may
transfer to some baccalaureate-granting
schools. Students
who plan to pursue a bachelor’s
degree should consult with
an adviser and the transfer
institution to ensure that
credits will transfer.
4.
What career opportunities are there in the real estate
industry?
Career opportunities
in the real estate field
include
salesperson, broker,
appraiser, loan
officer, title
examiner, property
manager, home inspector,
land development,
construction and positions
in
larger corporations with
real estate departments.
5.
When is a Real Estate Broker or Real Estate
Salesperson license
required?
A Real Estate Broker
or Real Estate Salesperson
license
is required
whenever a person
is representing another
person in performing
real estate acts
such as buying, selling,
leasing or managing
real estate. A
license is
not required
when
a person is performing
these acts for himself
or herself.
6.
What is the difference between a broker and
a salesperson?
A broker is a person
licensed to represent
others in
performing real estate
acts
and can do so
independently. A
salesperson is also
a
person licensed
to represent
others in performing
real estate acts
but may do
so only through a
real estate
broker under which
he or she
is
sponsored (employed).
7.
What are the State of Illinois requirements
for
obtaining
an Illinois Real
Estate Salesperson
License?
Be at least 21
years of age.
Have a high school
diploma or equivalency.
Successfully complete
the Real Estate
Transactions course
(45 classroom
hours). REALE 1110
at C.O.D. meets
this
requirement.
Pass the Illinois
Real Estate Salesperson
Examination.
8.
Does College of DuPage offer
the
coursework required
to
obtain an
Illinois Real
Estate Salesperson License?
Yes. College
of DuPage offers
the
course
REALE 1110, Real
Estate Transactions.
9.
What are the State of Illinois
requirements
for
obtaining
an Illinois
Real Estate Broker
License?
Be at least
21 years of
age.
Have a high
school diploma
or equivalency.
Successfully
complete the
required coursework
(120
classroom hours)
as follows:
Real
Estate Transactions
(45 classroom
hours), REALE
1110
at C.O.D.
Advanced
Principles
2000 (15
classroom
hours),
REALE 1120
at C.O.D.
Contracts
and Conveyances
(15 classroom
hours),
REALE 1122
at C.O.D.
Brokerage
Administration
(15 classroom
hours), REALE
1124
at C.O.D.
Financing
(15 classroom
hours),
REALE 1126
at C.O.D.
Property
Management
(15 classroom
hours), REALE
1128 at C.O.D.
Pass
the Illinois
Real Estate
Broker
Examination.
10.
Does College of DuPage offer
the coursework
required
to obtain an Illinois
Real Estate
Broker License?
Yes. College
of DuPage
offers the
courses
listed in
Question
9.
11. What type of Real Estate Appraiser
licenses are there in Illinois and what are their requirements?
General Requirements:
Be at least 18 years of age.
Have a high school diploma or equivalency.
Successfully complete the required coursework and experience requirement.
Pass the appropriate Illinois Real Estate Appraiser Examination.
There are three ranks of real estate appraisers:
Associate Real Estate Appraiser
Education requirement: 75 classroom hours in appraisal coursework
Experience requirement: none
State Certified Residential Real Estate Appraiser
Education requirement: 200 classroom hours in appraisal coursework
Associate's Degree
Experience requirement: 2,500 hours
State Certified General Real Estate Appraiser
Education requirement: 300 classroom hours in appraisal coursework
Bachelor's Degree
Experience requirement: 3,000 hours
12.
What appraiser
coursework
is available
at
College
of DuPage?
College
of DuPage
offers
the coursework
required
to qualify
to take
the state
license
examination
for
an
Illinois
Associate
Real
Estate
Appraiser
License.
This
consists
of the
coursework
outlined
under
the certificate
requirements
for a
Real
Estate
Appraisal
certificate
in Question
2.
13.
What is a
home
inspector?
A home
inspector
is
a person
who
performs
home
inspections
for
others.
14.
Does
a home
inspector
need
a license?
Yes. The State of Illinois requires that any person who
acts as a home inspector must have a license.
15.
What
are
the
State
of
Illinois
requirements
for
obtaining
an
Illinois
Home
Inspector
License?
Be
at
least
21
years
of
age.
Have
a
high
school
diploma
or
equivalency.
Successfully
complete
the
required
coursework
(60
classroom
hours).
The
C.O.D.
course
REALE
1170,
Home
Inspection,
meets
this
requirement.
Pass
the
Illinois
Home
Inspector
Examination.
16.
Does College
of DuPage
offer the
coursework required
to obtain
an Illinois
Home Inspector
License?
Yes.
College of
DuPage offers
the course
REALE 1170,
Home Inspection,
mentioned in
Questions 2
and 15.
17.
What are
prerequisites?
Prerequisites
are requirements
that must
be met
before a
student is
permitted to
take a
particular course.
They are
intended to
insure that
the student
will have
the background
or skill
to perform
in the
course. They
typically consist
of previous
coursework, consent
of instructor,
or other
requirements.
18.
Do the
real estate
coursers at
College of
DuPage have
prerequisites?
Yes,
some do
as follows:
| Course |
Course Number |
Prerequisites |
| Real Estate Transactions |
REALE 1110 |
None |
| Advanced Principles 2000 |
REALE 1120 |
REALE 1110 or a Real Estate Salesperson License |
| Contracts and Conveyances |
REALE 1122 |
REALE 1110 or a Real Estate Salesperson License |
| Brokerage Administration |
REALE 1124 |
REALE 1110 or a Real Estate Salesperson License |
| Financing |
REALE 1126 |
REALE 1110 or a Real Estate Salesperson License |
| Property Management |
REALE 1128 |
REALE 1110 or a Real Estate Salesperson License |
| Basic
Appraisal Principles |
REALE
1152 |
REALE 1110 or a Real Estate Salesperson or Broker License |
| Basic
Appraisal Procedures |
REALE
1153 |
REALE
1110 or a Real Estate Salesperson or Broker License and REALE
1152 |
| Uniform
Standards of Professional Appraisal Practice (USPAP) |
REALE
1154 |
REALE
1110 or a Real Estate Salesperson or Broker License |
| Home Inspection |
REALE 1170 |
None |
19.
Who gives
the Illinois
license examinations?
The
State of
Illinois has
retained the
services of
Applied Measurement
Professionals, Inc.
(AMP) to
develop and
administer their
license examinations.
20.
Where can
I get
more information
about taking
the license
examinations?
Contact:
Applied
Measurement Professionals,
Inc. (AMP)
8310
Nieman Road
Lenexa,
KS 66214-1579
(800)
345-6559
www.goAMP.com
21.
Where can
I get
more information
about license
requirements?
Contact:
Illinois
Department of
Financial and
Professional
Regulation
(IDFPR)
Bureau
of Real
Estate Professions
310
S. Michigan
Ave.
Chicago,
IL 60604
(312)
793-3000
www.idfpr.com
22. Who can I contact at College of DuPage
for more information?
George Salabes
Associate Professor, Real Estate
(630) 942-2416
E-mail
William Carmody
Professor, Business Law and Real Estate
(630) 942-3358
E-mail
Business and Technology Division
(630) 942-2592
23. On what web sites can I obtain more
information?
Check out the following:
Illinois Department of Financial
and Professional Regulation
Applied Measurement Professionals,
Inc.
24. What are the requirements for the Associate
in Applied Science (A.A.S.) degree in Real Estate?
The
requirements
for
the A.A.S.
degree
in
Real
Estate
are
as
follows:
Program
Requirements
Program
Electives
General
Education
Requirements
| Program Requirements |
Course |
Course
Number |
Semester Hours |
| Real Estate Transactions |
REALE 1110 |
3 |
| Advanced Principles 2000 |
REALE 1120 |
1 |
| Contracts and Conveyances |
REALE 1122 |
1 |
| Brokerage Administration |
REALE 1124 |
1 |
| Financing |
REALE 1126 |
1 |
| Property Management |
REALE 1128 |
1 |
| Financial Accounting |
ACCOU 1140 |
4 |
| Introduction to Business |
BUSIN 1100 |
3 |
| Entrepreneurship |
BUSIN 1161 |
3 |
| Business Law I |
BUSLW 2211 |
3 |
| Introduction to Computer Information Systems |
CIS 1150 |
3 |
| Supervision |
MANAG 1100 |
3 |
| Small Business Management |
MANAG 1161 |
3 |
| Principles of Marketing |
MARKE 2210 |
3 |
| Business Correspondence |
OFTI 1130 |
3 |
| Total Program Requirements |
36 |
|
Program Electives |
| Select a minimum of 10 credit hours from the following: |
| Selected Topics |
REALE 1820 |
3 |
| Basic
Appraisal Principles |
REALE 1152 |
2 |
| Fundamentals of Personal Investing |
BUSIN 1120 |
3 |
| Business Law II |
BUSLW 2212 |
3 |
| Consumer Economics and Personal Finance |
ECONO 1110 |
3 |
| Consumer Marketing |
MARKE 1100 |
3 |
| Customer Relationship Management |
MARKE 1175 |
3 |
| Advertising |
MARKE 2240 |
3 |
| MS Office for Professional Staff |
OFTI 1200 |
2 |
| Total Program Electives |
10 |
|
General Education Requirements |
18 to 22
|
|
Total Hours |
64 to 68
|
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