Some continuing education credits might be a required part of your license, but they’re also an opportunity. The information contained in these real estate continuing education courses can help you to optimize your real estate business, but it all depends on the quality of the course you choose.
4 Ways Real Estate Continuing Education Classes Can Change Your Business
Some CE classes might be a requirement, but that doesn’t mean they can’t have a big impact on your real estate business. The right real estate continuing education classes can give you lots of different ideas about how to improve your operations.
Improving Processes to Reflect Best Practice
One of the ways you grow a business is by learning from experience. You try different things, some work, and others don’t — either way you learn from it.
If you’re only learning from your own experiences, then you’re limiting your opportunities to improve. Real estate continuing education courses draw on the experiences of lots of industry professionals to expose you to new ideas and allow you to learn from others’ experiences.
This sharing of knowledge is a great way to cut your learning curve and optimize your operations more quickly.
Real estate is a complicated industry with potential legal and ethical ramifications. To best represent your clients, it’s important to always be learning and improving what you do.
For example, real estate agents will constantly be faced with ethical dilemmas they need to find answers to. In these situations, the knowledge and awareness you gain from your ethics CE classes can be invaluable. Rather than facing challenging ethical dilemmas for the very first time, agents can build off the shared knowledge of others to predict difficulties and make decisions based on legal precedents and moral best practices.
With real estate continuing education courses, you’re exposed to the challenges you face in the job, preparing you with everything you need to make good decisions when you have to answer difficult questions and solve problems for your clients.
Adding Different Elements to Your Business
Real estate is a varied topic with many elements to it. There are different corners of the market, you’ve got sales vs rentals, different regulations in different states — there’s so much going on.
Naturally, this causes many real estate agents to focus on the things they do best. However, new opportunities are always arising. If your focus is too narrow, then opportunities to diversify your offerings could be passing you by.
This is why real estate continuing education classes are designed to introduce you to a range of different topics and ideas.
For example, you might be taking the Credit Repair Seminar as part of your course and think this is something I really should be offering my clients.
Aside from the required credits in fair housing and ethics, Summit RET offers optional courses in Law of Agency, Credit Repair, Environmental Issues, Investment Properties, Buyer Representation, Listings, and Commercial RE Sales. Each of these courses is an opportunity to add new skills and offer something more for your clients.
Ensuring Compliance for Your Business and Its Clients
Not only do your CE courses ensure you’re ticking boxes in terms of your real estate or broker’s license, but they also help you keep on top of changing regulations.
Legislation can change quickly, and when it does, your business needs to be ready to adapt. Classes like Ethics, Law of Agency, and Environmental Issues encourage you to keep up with important developments and can help you plan for potential regulatory changes.
The better you understand the legislation in these areas, the better advice you can offer your clients. Your clients aren’t experts in real estate, and they’re looking to you to help them make the best possible decisions. If you’re aware of emerging regulations that can affect their investment, then you’re going to offer much more comprehensive advice, and it’s going to pay off for your clients in the long run.
It’s this kind of success that keeps clients coming back to you time after time.
Benefiting from the Latest Real Estate Data
The leading CE providers are constantly updating their courses and drawing on the latest data.
While you will have your own data, it can be helpful to see the latest industry trends and look at where your business is in comparison. These insights might help you identify new avenues you need to pursue and allow you to optimize your processes to get more out of the work you do.
Data is a key part of how we fine-tune what we’re doing, and through your real estate continued education, you’ll have access to the latest insights.
This can help you improve processes, create better training programs for new agents, provide a better service for your clients, market your business more efficiently, among many other benefits.
What to Look for From a Real Estate CE Class
If your real estate continuing education classes are going to make a real difference to your business, then they need to be well organized and contain high-quality materials. Here are some things you should consider when choosing a provider.
Who Are the Instructors?
Who teaches the class and why are they qualified to do so? It’s important that they have the right theoretical knowledge, but they also need to know how it’s applied in the real world.
Look for courses where the instructors have a good level of experience working in the industry as well as teaching. If they combine the two, then it’s more likely you’re going to come away with practical insights you can use to improve your real estate business.
How Often are the Courses Updated?
As we mentioned, the real estate industry changes quickly. Laws get updated, technology changes, and our way of doing things evolve. If your course provider isn’t updating its courses, then the information in them isn’t going to be accurate.
You want to use your real estate continuing education classes to inform your future decision-making, so you need up-to-date information. If this isn’t the case, then the course isn’t going to serve its purpose.
Varied Teaching Methods
Just because something is required doesn’t mean it can’t be entertaining. There’s no reason why your CE courses need to be dreary affairs, and a good course provider will recognize this.
If you’re going to get maximum value from your courses, then they need to include modern teaching formats and get you to engage with the content. You don’t want to be sitting listening to someone speaking for hours on end, or reading endless pages of text.
You want a modern course that engages you in different ways.
Convenience should be a key element of your real estate continuing education classes. You’ve got to fit these courses in around your work schedule and busy life, so you want them to be simple and efficient.
This doesn’t just mean having online classes, but actually having software that works well. There’s nothing worse than wasting time interacting with outdated software, all while you could be out earning money.
Make sure you go with a modern course provider that invests in the deliverability of its courses.
Frequently Asked Questions About Real Estate Education Classes
- How much do real estate courses cost? Real estate course costs vary depending on the type of course and the provider you choose. If you’re starting out in real estate and preparing to take your licensing exam, then Summit RET offers a 75 hr real estate licensing course which covers all the requirements and more. You can take this course for free, and only need to pay for the certificate once completed on your own time. If you’re taking continuing learning courses as part of your re-licensing, our courses start from $30.
- How many years does it take to study real estate? It’s required that you take the 75hr real estate licensing course before taking your real estate exam. With Summit RET, your courses will last a maximum of two months (you can apply for an extension if needed), meaning within a couple of months you can be ready to sit the exam.
- What education do you need to be a real estate agent? To be a real estate agent, you must have completed the 75-hour salesperson course. This will prepare you to sit the real estate exam, and if you pass, you will receive your license. Once you’ve got your license, you must take continuing education classes before renewing.
- How do I become a real estate agent? Becoming a real estate agent all starts with your real estate education classes. You’re required to take the 75-hour salesperson course which will prepare you for the real estate exam.
- What is the salary of a real estate agent? According to Indeed, the average real estate agent’s income is $94,761 a year. Of course, this is very dependent on performance, and you can far exceed this figure if you do well.
Conclusion: Real Estate Education Classes
Your real estate education classes can help you change your real estate business and make it more efficient. Not every course is the same though, so it’s well worth searching out the courses that are going to offer you maximum value.
Though these courses are a requirement, it’s best to treat them as an extension of your business strategizing. Every little detail could unlock new ideas that improve the way your business works.
Make sure you choose the right real estate continuing education classes, and get everything you can from them.