Real estate agent education is required in order to obtain a license and to maintain and renew a license. There are real estate schools that offer new and renewal license courses accredited by each state agency’s real estate licensing division or board. Since each state has different regulations regarding Realtor education, it is recommended that you check with your state agency regarding educational requirements. Besides statutory required educational courses, there are continuing educational course that are available to Realtors through real estate professional organizations and Realtor Boards to obtain professional designations. Colleges and universities offer undergraduate and master’s programs in various aspects of real estate and property management.
The National Association of Realtors (NAR), is the largest real estate professional organization that allows only its members to use the designation Realtor. The NAR provides continuing education through their NAR School of Professional Development and Continuing Education Program. Classes are available online as well. Many classes are offered through REBAC, which is the largest world organization of real estate professionals which focuses on education and specialized training for Buyer’s Agents. You can find out about classes offered through REBAC at their website at http://rebac.net/apply_now.cfm or by visiting the NAR website at http://www.realtor.org/education/realtor_university/homepage.
Types of Real Estate Agent Education
Realtors need to understand the different types of real estate business that they are conducting depending on their client’s needs. For instance, there are educational course for Realtors regarding commercial and industrial real estate sales, land development, property management and appraisal, urban planning, green and sustainable real estate and other aspects of the real estate business. Courses offered through Realtor Boards are generally one or two days. There are approximately 20 designations that a Realtor can earn, including the most popular ones such as ABR (accredited Buyer’s Representative), SFR (Short Sales and Foreclosure Resource), (SRES) Seniors Real Estate Specialist (SRES®) Designation Course. To find out what classes your Board offers, you should contact them or visit their website.
Value of Earning Designations
Realtors who earn additional professional designations have are regarded as having a higher degree of knowledge. The designation tells their clients that they have taken the time to obtain additional education and training. The ABR course prepares professionals to represent buyers. Upon completing the course, real estate agents have three years to meet the requirements of submitting either a copy of the signed contract or the buyer agency agreement verifying that they have completed five real estate transactions representing buyers. The SFR course prepares professionals for representing clients that own distressed properties and are facing foreclosure or must sell their property with a short sale.
Professionals will learn the steps to starting and completing a short sale transaction as well as familiarity with the forms and procedures that lender’s may require. This course is also offered online. THE SRES designation course is helpful for professionals that represent adults 50+. It addresses the concerns of seniors regarding adult living and senior housing communities, financing options such as reverse mortgages, using pensions and 401(K’s) to purchase real estate and much more. Upon completion, professionals are eligible for membership with the SRES council.
You must be a NAR member in good standing to join the SRES Council. Green and sustainable courses teach real estate professionals how to use green products in their business, give information about certifications for green homes, energy efficiency and green constructions materials. These are just a few of the many courses that are available to Realtors. Depending on your interests, you should be able to find a course that meets your needs.
Colleges and Universities
Colleges and universities also have undergraduate and master’s programs in real estate and real estate property management. Some programs are available online. Check with your local college or university to find out what programs are available in your area.
It is important for real estate agents to continue their real estate agent education throughout their real estate career. This is in order to keep ahead of industry changes and up-to-date on real estate laws, proposed legislation, industry practices and procedures and technology. This broad base of real estate education allows them to compete and grow their business as well as service their clients in order to help them make wise financial decisions regarding the sale and purchase of real estate.