The buyer has signed a release on the contract, just not the escrow. A salesperson can form a corporation for compensation and must register this corporation with the Illinois.Fidelity National Title provides professional escrow settlement services that are a convenience for the buyer and seller. After completing the pre-licensing education requirement, what else must an Illinois broker license applicant pass to become licensed? Licensing examination. Contents. Economics of Real Estate. 2. Creating Your Business Plan. 3. Recruiting. 4. Training. 10. The following sets forth common questions and answers involving the practice of real estate in Illinois. References. The escrow agent is a neutral agent — they don't represent any party in the transaction. An escrow closing marks the end of the real estate transaction and represents the legal transfer of title from the seller to the buyer.
