How to Choose the Right Real Estate School
A career in real estate can be very lucrative and rewarding. If it is a career of interest to you and one you believe you can succeed in, it is very important that you begin with the best tools available. Starting a career in real estate begins with choosing the right real state school. While there are many schools to choose from, choosing the right one will go a long way in launching your new career and keeping your career on the road to success. There are many important factors that you will want to research when searching for the right school for you. When you are ready to start looking at schools you will want to get some answers to some very basic questions.
How long has the school has been in business? A school that has been in business for 20+ years is more likely to know the regulations of the real estate market better than schools who are new to the real estate education business. An established school will have been engrossed in the development of the real estate industry over the years and experienced the regulatory changes that have occurred over those years. Schools that have been in the market for a good deal of time will have a strong insight into the past, present and future of the real estate market and its’ trends. Is the school recognized for its’ education? Look for schools that have achieved recognition from state and national bodies. There are several awards that point to a school that has top quality staff, curriculum and instructors.
The Pinnacle Award is a national award that recognizes the best real estate courses across the nation. You may also want to ask what awards the staff and instructors have achieved. You want to make sure you learn from the very best in the business so be sure to ask if they hold any special positions or have been recognized by organizations like the Texas Real Estate Educators Association. What is the quality of the instructors and curriculum? Does the school write it’s own core curriculum or do they use other outside resources? When looking for a school, ask about the schools curriculum and their teachers. A school that writes its’ own core curriculum can keep up with the ever-changing marketplace and adapt its’ core curriculum to reflect those changes very quickly. Schools that use national publications for their core curriculum often have to wait several years for their core material to reflect industry changes. Ask the school how long their teachers have been with the school. Are its’ teachers active agents or one-time active agents? Have their teachers been nationally recognized by creative real estate organizations or associations? You will want to attend a school whose teachers have been long time employees and are real estate agents or at one time were active agents. Teachers who are agents or have been agents know the industry and can provide critical insight into what it takes to create a successful career. Is the school recognized by its’ peers? Is the school active in the real estate community and what sort of contributions have they made to that community? A good school will be involved in the real estate community as well as their local community.
Look to attend a school that has been recognized by their peers, has won awards and is actively involved in their community. There are many real estate organizations and associations that need the support and help of the community in order to succeed and continue to provide opportunities to real estate professionals. Look for a school that supports these organizations and associations. Once you become an agent it is highly likely you yourself will become an active member of one of these organizations or associations. Where do the majority of the students come from? Have the students attended the school since getting their licenses or are they attending the school because it offers the lowest priced education? Be wary of schools offering rock bottom pricing. More often than not these schools are offering such low prices in order to get as much business as possible.
These schools are not focused on the students overall educational needs and continued success. Look for a school where the students are repeat customers, schools whose business comes from personal referrals.
The real estate business is all about referrals and there is no higher compliment than having brokers and agents refer others to a certain school. A school whose student population is based upon personal referrals is a business you can trust. There are many factors one should take into consideration before selecting a school to attend. While many schools offer quick paths to a license or low priced education, you should choose a school that is well established, recognized by it’s peers, involved in the community and has a reputation for excellence. Look for a school that you know will not only help you achieve your license but also provide you with the latest information in the market place and curriculum that is current and relevant. A school you know is vested in your future and your ability to succeed in the real estate field.