| ALISO VIEJO, CA., Aug. 24, 2005
- In a special interview with Stefan Swanepoel, CEO of RealtyU®
– the largest network of real estate schools in the U.S.
– he noted that “the majority of real estate professionals
still choose a classroom setting for their continuing education
courses; the exception to that finding are the Generation X
agents. They are considerably more comfortable in the online
environment and are increasingly using the Internet to further
their professional development.”
Of the over 300,000
agents trained by RealtyU® Schools and Colleges last year,
12% chose the online option for their licensing, continuing
education and designation courses. The 88% majority continued
to indicate a preference for classroom training and interacting
with their colleagues and their real estate instructor. Classroom
real estate education affords agents the one-on-one opportunity
for instruction and instant answers to burning questions.
While e-learning does not yet provide that kind of interaction
distance learning providers are beginning to create an online
environment that mimics and reproduce these environments in
a virtual setting.
Online real estate training does however have its benefits
says Swanepoel. In today’s mad rush toward maximizing
and leveraging the shortage of time, real estate professionals
must set aside time to meet their state's regulatory requirements
for continuing education (CE). Depending upon the state those
mandatory requirements surface every two or three years. According
to Swanepoel, “at RealtyU® we recognize the obvious
trap that many agents find themselves falling into. It is
extremely difficult to set aside time for study during a hot
real estate market. In the midst of dealing with pressing
business issues, before they notice it, they are right up
against deadline for their CE education cycle. They may need
40-50 hours of education and only have a couple of weeks or
even just a few days left before their deadline … at
that point the online option becomes a number one priority."
For both the Generation X agent and the agent who is simply
too busy to take the time to sit in a classroom, the online
medium is a very handy and useful tool.
According to a Senior RealtyU® company representative,
online education gives a student an anytime-anyplace training
option. It affords them the opportunity to place a class on
hold in mid session and deal with that all important business
issue. RealtyU® Schools and Colleges are providing their
students with this option via their online portal, www.RealtyUonline.com.
RealtyUonline recently passed the 2,000 mark in total course
offerings across the country in the areas of licensing, continuing
education, designations, home inspection, appraisal and skill
based training. "This is still a very small percentage
of overall students, but every year the number grows and we
will not be surprised to see it grow to 25%-35% over the next
three to five years,” said Swanepoel. "This could
mean that 1 out of every 3 students will eventually be receiving
their education online."
According to RealtyU®, there is no indication that online
education will replace classroom training; it will simply
continue to fill a growing need. There is a place in the market
for both forms of education; especially considering different
learning styles, different temperaments and the time constraints
facing the individual agent … today it’s a 12%
solution … tomorrow?
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