RES E33 Real Estate Finance (1 AEC)

This course gives the student 15 clock hours toward the 120 hours required for the Illinois Broker's examination. Content covers finance and how it relates to real estate, including sources of mortgage money, types of mortgages, creative financing, contract sales, requirements of FHA and VA sales, real estate closings and the mathematics of real estate finance. RES E30, 31, 32, 33, 34 must all be taken concurrently in order to fulfull the state 75 required hours for brokerage preparation.