how to become a real estate agent in illinois

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If the property goes vacant, you may have to pay a $500 lease up fee, have a month of vacancy worth $1,000, plus do some improvements such as painting ($500-$1,000). The turnover could cost you$2500, while decreasing the rent by $100/mon

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An easement is an agreement between two parties,where one is granted land access in exchange for a fee.The most common types of easements are utility easements. An example would be a telephone or power company running lines through a pro

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Take a pre-licensing course. States require people to take pre-licensing training from a certified institution before they can sit for the real estate licensing exam.Take the licensing exam. Revisit your state real estate commission

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How much do real estate agents make in each state?
For example, real estate agents in New York make $102,200 per year, on average. Agents in South Dakota, by comparison, make $45,550 per year. See the map below for a complete state-

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1.5%
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Do real estate agents get paid a salary?
In most cases, agents aren paid a salary. Most real estate agents only make money when they help a client buy or sell a home. This money comes in the form of a commissi

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Capitalization rate
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What is cap rate in commercial real estate?
Cap rate, or capitalization rate, is the ratio of a property net income to its purchase price. It an essential number for gauging a property r