Real Estate Education Enhances Transparency, Professionalism and Business Volume

Property broking profession lacks credibility and is always looked at with suspicion. However, the credibility of this profession can be enhanced through real estate education. A thoroughly planned system of property education can not only improve the credibility of property professionals by inculcating numerous changes in the profession but also enhance the business volume of educated and certified professionals. Suitably planned courses can teach property professionals the better, profitable and convenient way of doing real estate business. Few of the key changes that education system can bring into property market are as follows:

Transparency in transaction and business professionalism: Knowledge enhances transparency and professionalism and this is true for real estate market also. Today, several property brokers are active in the market without any structured knowledge of property sales and transaction process and therefore they are forced to provide wrong and partial information to their clients. They are not able to close the deal properly, mostly at the cost of prospective home buyers, because they have not studied how property ownership is verified, acquired, transferred and leased. In the Indian property market, there is a sub set of property advisors, who want to upgrade their knowledge and skill but are unable to do so in the absence of a system of real estate education in which they can study as well as run their business.

In this scenario, a proper system of property education and training, consisting of a network of real estate institutes offering full time, part time, evening, week end, distance and online real estate courses, could have improved the subject knowledge of professionals and in turn would have improved transparency in property transactions and professionalism in the business, especially property consulting business. A point to be mentioned here is the initiative of EduMark realty education services which offers courses for those looking for real estate jobs as well as for existing property professionals looking for professional development. EduMark is the first and only institute in India that offers full time, part time, week end, evening, distance and online courses.

Customer Service Efficiency: A knowledgeable and informed property advisor can serve his clients effectively and efficiently which in turn increases his demands in the market. Such demands increase his overall volume of business because one satisfied customer can create ten new customers. However, structured knowledge and information come only through a properly established process of education.

Subject knowledge and business volume: It is an established fact that buyers tend to prefer a knowledgeable advisor (knowledge displayed through his educational qualification) more than that of an advisor who is not well informed and knowledgeable. However, in the absence of property education system, courses and institutes, property brokers can’t display their knowledge because they can’t acquire any suitable real estate qualification and therefore potential home buyers can’t identify the best suited advisor.

Business ethics and business volume: By offering fraudulent advice, one can derive benefits in short term but it is a net loss in long term. This is very true for property brokers also. This is because, as mentioned above, one satisfied customer can create ten new customers but one dis-satisfied customer can dissuade hundreds of potential clients, so the losses are many folds. However, this fact can be explained to these property consultants only if they are inclined towards learning and there is sufficient opportunity for such learning.

Real estate jobs and cost of recruitment and training: One of the most important impacts of education in this business is on property jobs; While real estate courses offer a platform to potential candidates to start their career in real estate by taking up suitable property related jobs, it reduces the cost that employers make on the training of new employees. Those candidates who have done a property related course are already trained and ready for real estate jobs and therefore employers do not need to arrange fresh training of the such employees, which saves time and money both.

Overall, a proper devised system of education for Indian property market can enhance not only the transparency in transaction and business professionalism but also the business volume of the market players. Another advantage is the reduction in training and employee orientation cost.

Online Real Estate – Educational Opportunities

There are a number of online schools and training facilities that are available to provide students with the real estate education they need to start an exciting career. Real estate professionals work to provide various resources to their clients. These clients utilize agents to build, sell, and rent properties such as offices, houses, and more. Students can obtain an education to become a broker or agent, appraiser, or manager, and learn to appraise and inspect properties, rent and lease homes, manage agencies, and more. With proper training students can obtain the knowledge and skills to become the real estate professional they desire while earning the degree or certificate they need.

  • Real estate degrees and certificates allow students to become educated in the specific area of their choice. Degrees are available at an associates, bachelors, masters, and doctorates level for students looking to become entrepreneurs. Students who wish to obtain professional certification can also train online for their career of choice. Students can prepare for the career of their dreams with coursework provided by online degree and certificate programs. Online schools provide the opportunity to earn professional certification or a degree from the comforts of home by enrolling in an online program. Curriculum offered by educational institutes will vary depending on the school and career level.
  • There are a number of courses in real estate that students are offered through online educational programs. Much of the coursework will be the same for most real estate professionals, but specialized areas of study are also included in training and will depend on the type of career. They will complete coursework such as listing and document preparation, advertising, and more. An online program geared toward appraisers will include areas of study like finance and law. Students training for a career in property management may learn business administration, leasing, and more. Online courses allow students to learn how the industry works, and provide students with information about various real estate professions.
  • There are a number of related professions to choose from including real estate broker or agent, appraiser, property manager, and more. Professionals in this industry are trained to carry out a variety of tasks. Theses tasks depend on the career profession each student chooses to pursue. Property managers are trained to run the daily operations for apartments, shopping centers, offices, and more. Their job description may include the upkeep of outdoor areas, resolving complaints and maintenance orders, and more. Appraisers work with various financial institutions and clients to appraise residential and commercial property, research data, write reports, and other tasks. Students looking to become brokers will train to work with buyers and sellers. Brokers or agents are in charge of negotiating prices, advertising properties, submitting client offers and other related tasks. With an online school students can prepare for the career of their choice.

A variety of employment opportunities are available in the field and students can choose to earn their certificate or degree in more than one area. With an education in real estate students can work for existing agencies or start their own business. A number of states require that real estate professionals be licensed in order to provide their services. Licensed professionals in this field may be able to choose whether they work full or part time, and so can you with an education in real estate. Not all programs are required to carry full accreditation so students should look into this prior to enrollment. Accreditation is provided by agencies like the Distance Education and Training Council ( http://www.detc.org ) to provide proof that a quality education will be received.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

Copyright 2010 – All rights reserved by PETAP.org.

How To Apply For Business Education Real Estate Grants

Applying for business education real estate grants can help you pay for courses and certification as a real estate agent.

A Reality Check

The truth is, getting certified in real estate can be more costly than you have imagined. It’s not clear to many people that depending on what type of real estate license they want to apply for, testing can vary greatly in cost. That’s where business education real estate grants come in to help pay your education bills.

The other reality is that most people who want to begin a real estate career are transitioning from other careers, and want to keep their jobs while making the change. To help pay the additional costs of education, a real estate education grant can help greatly.

The smart thing is to realize you’ll have to lose money before you make money, so be prepared for this. You want to plan ahead to have enough to cover your bills and additional expenses that will surely come up before you sell your first property. In this respect, business education real estate grants can help take the stress off while you build your clientele and business.

There are a lot of places where you can apply for business education real estate grants.

Real estate companies, business schools, and online programs all have information about grants on their web sites. You can approach the financial aid office of the school you will be attending. Make sure you ask for all scholarships and grants that you can apply for, so as to increase your chances to receive aid.

The attractive thing about business education real estate grants is that they do not have to be repaid. You can use the money to cover all your educational needs. This can include major living expenses such as room and board.

A Successful Real Estate Business

If you so decide to open your own real estate office, you will need money for rent and start up equipment, and that’s where business education real estate grants can helpfully come in. Starting a new business can be more costly than originally imagined . Once you have been licensed, you will be able to start your own real estate agency. Having enough money to tide through the start up phase will allow you to focus on selling real estate and building a successful business that will continue to grow.