These days, with the advent of new technology and hands-on learning techniques online, it’s no longer necessary to obtain real estate training in person. There are many online real estate schools that offer exclusive training and certification courses, all from the comfort of your own home. But choosing the right one can often seem a little daunting.
Here you’ll find some important considerations to make when reviewing online schools to train and obtain your real estate or broker’s license.
Make Sure the School You Choose is Legitimate
One of the first things you’ll need to do when selecting the best online real estate school is to make certain it’s been legitimately licensed by your state. The real estate commission for your state will maintain a list of approved and licensed online real estate schools for you to refer to.
Check for Accreditation
Another important aspect of finding a reliable real estate school online is checking to make sure the school is accredited. By working with an accredited real estate school, you can rest assured that it will have an approved program of study, is financially stable, and employs instructors that have been well trained and that are qualified to teach you.
Do Some Background Research
Even if a school looks great at first glance, it always pays off to perform a background check and determine how long a particular school has been in business. Schools that have been around for longer will likely be more familiar with the real estate industry in your state, as well as using the latest technology for your benefit. Searching for reviews is another important component of vetting potential online real estate schools. Take some time to peruse reviews on the web to see what past and current students have to say.
Compare Payment Plans & Prices
Enrolling in online real estate school can be an investment, so it’s important to choose one that you can comfortably afford and provide you with the biggest return on investment. For those struggling to find a school that they can afford, many of them offer flexible payment plans. You may also be eligible for state and federal financial assistance, so there’s no reason to despair. Just compare plans and prices and choose the one that’s the best for your pocketbook and provides a quality level of training.
Review a School’s Stats
Once you’ve identified an online real estate school that makes a good fit for you, take a look at some of the statics the school has available. One of the most important things to look at is a school’s exam pass rates; this will give you a good idea of what your chances are and also how good a school is. Low school completion rates should be a major red flag.
Talk to an Administrator
One of the last things you should do before enrolling in any real estate school is to speak with someone more about the enrollment process, what’s required, and any other general questions you might have about the school or the process. If for some reason, you’re unable to speak directly to a human being about your concerns, consider taking your business elsewhere. This is often a sign that students won’t get the direct support they need while they’re enrolled.
Look for Student Support Services
Piggybacking off the point above, look into what type of support and training services a school has for its current students. Reliable schools will have a fully-dedicated staff to ensure that students get the help they need, everything from navigating through the enrollment process, to job placement services down the road. Again, if this department seems lacking in personnel or resources, you might consider choosing another school that offers more comprehensive support.