Online College Courses in Real Estate Training
Anyone interested in pursuing a career in commercial or residential real estate, appraisal, or property management can benefit greatly from taking courses in real estate training. In the past, real estate education was limited to a few broader courses within business degree programs. Since the 1980s, however, students with a focused goal of entering the real estate business have been able to choose from a variety of courses specifically designed for careers in real estate. A basic course in real estate training is often the starting point for more advanced study within the field and serves as great preparation for real estate licensing exams required by all states. More specialized real estate training courses cover topics like law of contracts, real estate appraisal, real estate investment, and more.
So what, precisely, do real estate training courses entail? An introductory real estate training course will cover general practices like license-holder ethics, distinctions between personal and real property, the basics of appraisals, legal descriptions, deeds, mortgage theory, and more. Like traditional real estate training courses, online courses in real estate training typically investigate local, state, and federal real estate laws that may be applicable in the area in which you eventually want to work. Each state has different licensing requirements, which usually include a certain number of coursework hours. For example, the state requirements in Texas call for 210 hours of classroom work. Before signing up for online courses in real estate training, it is important to check whether such courses will fulfill the required coursework needed to sit for the state exam. For example, the Texas Real Estate Commission lists alternative delivery institutions, including online schools, from which the state will accept coursework to meet state requirements.
Real Estate Training and Your Career
Because working as a real estate salesperson or broker requires a license, real estate training courses are instrumental in establishing a career within the field. For those interested in managing, selling, or brokering real estate, job prospects are particularly promising. According to the U.S. Bureau of Labor Statistics (BLS), job growth for real estate agents and brokers will grow faster than the national average over the next decade, with an estimated 14% growth rate from 2008-2018. Even though the real estate market has shrunk during the economic recession, the pool of young professionals who typically begin buying homes as they establish their careers and families is large and expanding, notes the BLS.
Real estate training courses are beneficial for a variety of careers within the industry. A real estate agent, also known as a real estate salesperson, helps prospective sellers of properties find prospective buyers and vice-versa. Real estate agents place listings of the sellers’ properties on different sites and publications, as well as prepare the necessary paperwork for a potential sale. Real estate agents also aid prospective property buyers by finding properties that match their specific criteria of price, location, area schools, and more. Real estate agents may eventually become real estate brokers, which usually serve in administrative positions, making sure that their agents have kept up with state licensing and education requirements.
Real estate training courses are also helpful for those who want to go into property management. Many home and commercial property owners who rent their properties hire property managers to serve as liaisons between the tenant and owner. Property managers, who usually work for real estate agencies, are in charge of finding prospective tenants, maintaining properties, and settling disputes between the tenant and owner. For those interested in working in the legal field, real estate law is a growing niche in which real estate training courses can be especially helpful. Even if you already have a law degree, learning more about the ins and outs of real estate can improve your job prospects as a real estate lawyer.
Free Online Real Estate Training Courses:
- Real Estate Economics – MIT OpenCourseWare
- Real Estate Capital Markets – MIT OpenCourseWare
- Exploring Real Estate Investments: Introduction – Investopedia