Real Estate Training Courses Online: For Better or Worse?

Few years back, people have had only relied their education and learning needs through traditional methods. Even professional individuals who aim to enhance their knowledge and skills attend seminars and trainings to gain ideas that they can adapt for and succeed in achieving their career goals. Years have pass by, training and education became a very important part of every success and career path that a person chooses, specifically for real estate agents in the US. Licenses were then implemented to ensure that realtor agents are adequately capable of performing their duties and responsibilities – and which aimed to give emphasis on the need for applicants to ensure a college-level education before being able to take the national examination for realtors and get an active license. Aside from that, every state in the US had made their own set of requirements that applicants need to take note of as part of the licensing process.

With the existence of E-learning, also known as the online method of education and learning in the early 20th century, the housing market slowly began adapting to this – which sparked an interest for several service providers and companies to offer what we now know as real estate training programs online.

What are these real estate programs offered online?

These training programs are designed to provide the necessary education to realtors and applicants. The only difference is that the method was accessible and offered through the Internet and with the use of modern computers and mobile devices. Several US states have adapted to this kind of education, allowing it to be offered to license applicants and professionals taking their pre-licensing, continuing education, license renewal or post license course credits.

Since it is offered online, it showcases an advantage on the students to manage their own time in studying. Such online courses can be in a form of webinars, power-point presentations and slide shares. Other courses are downloadable to PDF formats to help students access their course even without internet connection. Just like several traditional methods of education, accredited real estate programs online hand out certificates to students who were able to finish the course, and to which they can print and add to their current credentials. Just to make it clear – these real estate training programs online do not give out the actual license to realtors. They only serve as the college-level of education and learning needed for them to be able to complete certain requirements set by the state department of real estate. Only a certain states’ licensing department can give out examinations and the actual license.

Why does this kind of program exist?

Though these programs only hand out certificates about the training and not the actual license itself – these online training programs for realtors and applicants prepare them in taking the examination given by the state department of licensing for realtors. It also helps suffice the requirement credits that realtors need to qualify for a realtor license.

With this breakthrough in the industry, online real estate courses became very popular until these days – especially to those individuals who do not have enough time to attend face to face training and traditional classes.

What other needs do these programs satisfy for?

Licensing in US real estate can be divided into several stages:

· Pre-licensing

· Continuing Education / License Renewals

· Post-Licensing

Though not all states follow the same steps and requirement, these online programs in licensing realtor applicants help meet the needs indicated under every stage.

Other courses online also offer professional development and career enhancement & training programs for those who need it.

So, is it for better or for worse?

To differentiate the impact of both learning method to the industry, let us take a quick look on several factors of learning:

· Type of Learners

o Online Method

– Does not offer a face to face interaction with instructors or professors, and with other students. Yet, several programs allow interaction via online chat, video calls and webcam to help online students connect with other online students.

– The internet is the main source of information to ideas where students have a hard time understanding when presence of online instructor or chat is not available.

– Courses can be accessible anytime and anywhere to enrolled students as long as there is sufficient internet connection.

o Traditional Method

– Can directly ask questions and inquiries and receive solid answers from teachers or instructors about certain topics that needs clarification.

– Good choice for students who are more intro directed learning.

– Have a face-to-face interaction with instructors or subject matter experts.

· Prior Knowledge about the Subject Matter

o Online Method

– Mostly recommended to individuals who have a background of the subject and just takes the course for knowledge developments purposes, license renewal or CE credit needs, or skill enhancement.

o Traditional Method

– Recommended to students and individuals who do not have a prior education about the subject matter at all, since it will require them further focus to be able to efficiently understand and learn from the course.

· Student Attitude

o Online Method

– Can be applicable for introvert type of individual or those who prefer taking the program on their own to avoid possible distraction.

o Traditional Method

– Applicable to individuals who prefer learning while being able to interact with the external environment or those who have extrovert personality.

Being an introvert or extrovert does not necessarily determine an individual’s choice. Some individuals may just prefer the traditional method of education due to its interactive and realistic values, while some prefer e-learning due to its convenience and realistic goals.

· Cost

o Online Method

– The online method is cheaper as individuals only have to pay for the enrollment to the course. Some even offer discounts, promos and course bundles.

– Resources can be accessed through the internet, and the use of books are optional.

– Courses can be accessed anytime an enrolled student wants.

o Traditional Method

– Expenses vary from tuition fees, miscellaneous fees, dorm fees, transportation allowances, food allowances, etc.

· Career Path or Job Potentials

o Online Method

– Not all companies hire realtors that took courses or certificates from an online real estate course program. However, several programs have started partnering with real estate firms – in which they have come up with an agent recruitment program designed to help students who passed the program to find a job after they have also passed the national license examination for realtor applicants.

– A growing number of firms have now opened opportunities to these applicants as they see an improvement from this method of education.

o Traditional Method

– The traditional method of education in terms of real estate had a longer history of offering quality education – which in return earns much favor from real estate companies making a higher percentage of job potentials from it.

As Leonardo Da Vinci once quoted, “Study without desire spoils the memory, and it retains nothing that it takes in.” In relation to both education methods, it does not actually matter what you prefer but the desire, passion, and interest is what you need to learn and eventually succeed.

An Education In Real Estate Investing Can Be Your Best Investment

There are many people that are venturing out and searching for additional ways to make additional income. That is to be expected when it comes to real estate. Real estate has been a popular investment for many years. Many millionaires made their first million dollars in real estate. So it should come as no surprise that Real Estate Investing is being glamorized by celebrities like Donald Trump and various television shows that depict real estate investing as a big money maker.

Real Estate Investing can be all that celebrities and television program make it out to be, but it is not as easy as it looks. Real Estate Investing requires knowledge of different techniques that can be used when trying to buy, sell, negotiate or repair a house. Without this type of specialized knowledge real estate investing can be a monumental disaster.

Having laser specific knowledge can mean the difference between success or failure. Knowledge is what separates those that invest in real estate and those that talk about investing in real estate. The knowledge that is required is not difficult to master. In fact, just about anyone can be a successful real estate investor. I have seen people from all walks of life and educational backgrounds go on to be successful real estate investors. One man that I know and admire very well became a successful real investor despite the fact that he first had to learn how to read. It is possible for anyone to learn how to invest in real estate.

Who should learn more about real estate investing? Anyone that is considering buying property as an investment should become educated before doing so. Rentals, foreclosures, rehabs, lease options and various other techniques are tried everyday by real estate investors. In most cases however, only the investors who have taken the time to educate themselves will be successful.

Also, anyone that is considering buying or selling houses on their own (without a realtor) is at considerable risk of financial loss if they don’t get an education before venturing out into unchartered waters.

There are many different types of educational opportunities. One can always purchase books from the local bookstore to get some advice. There is also a large number of websites that cater to real estate investing. Some of these sites will sell home study courses that, in some cases, give a thorough, explanation, training and education on various real estate investing topics. One may also find coaching and mentoring online to help those that don’t believe they are quite comfortable enough yet to do real estate deals on their own. Some colleges and Universities have also started to teach real estate investing.

It is never too early to start the educational process. Real Estate Investing can be a very lucrative business. It can also bankrupt those that are not ready to invest or that do not understand how to minimize the risks that come with the real estate investing territory. In the end every one that invests in real estate is doing so at their own risk. A proper education in real estate investing is a great way to minimize that risk and start one on a path of financial freedom.

Real Estate Institutes in India

Indian real estate sector witnessed dynamic growth since the beginning of the millennium. Developers started launching projects after projects, which used to be supported by innovative financial tools offered by private equity & venture capital funds in addition to traditional financial institutions. Government equally supported the growth with its growth oriented policies. Housing Finance Institutions contributed its share in the development by offering loans liberally to prospective home buyers. On the other hand, developers started formulating innovative marketing, sales and customer service strategies. They suddenly moved from direct and local level marketing to national and international level marketing. World Wide Web became one of the most common medium of promotion.

These developments resulted in massive requirements of trained, competent and specialist human resources for the property sector. Unfortunately, since the time realty business started growing, neither the players of this sector nor the Government ever thought of any long term strategy to develop manpower for this important economic sector, except occasional airing of concern. The result is the acute manpower crisis in the Indian property sector.

However, it is worth to mention here that there have been few initiatives to offer real estate education in India, most noticeable NICMAR and NIREM.

NICMAR, National Institute of Construction Management & Research, offers full-time programs in various areas of realty and construction management through its different campuses. The courses are of two-year, one-year and six-month duration. The institute also offers courses through distance learning mode. But there is no realty related courses offered through distance mode. Moreover, almost all of the courses of NICMAR are focussed towards construction and development.

IDS NIREM, National Institute of Real Estate Management, on the other hand, offers one year PG Diploma and six months Diploma programs in various areas of property business through distance education mode. These areas include real estate management, property marketing, sales & brokerage, realty finance, property investment, appraisal, facilities management etc. A key feature of NIREM is its affordable tuition fee which is less compared to most of the other professional institutes.

To conclude, I must say that the above initiatives towards real estate education are definitely praiseworthy but are insufficient compared to the human resource needs of the Indian real estate sector. Unless there is an integrated planning towards introduction of the system of real estate education in India, this sector will continue to face manpower crisis.