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Dr. Kenneth W. Edwards, GRI, Book and Video Review Editor, is the broker at Professional Associates, Corvallis, Oregon. He teaches real estate at a community college and is the author of “Your Successful Real Estate Career” (4th ed) published by the American Management Association (AMACOM Books, NY). He is an occasional contributor of Feature articles for this publication. A retired career Air Force officer, he may be reached at 7990 NW Ridgewood Drive, Corvallis, Oregon 97330. Tel: 541-757-1379. Fax: 541-754-2945. DoctorKenisin@aol.com

Find A Niche And Fill It:
The Real World Of Real Estate Education

If teaching real estate, either full time or part time, is a niche that appeals to you, there are a variety of opportunities to consider. In this article we will discuss some of the more prominent possibilities, and cite examples of other real estate professionals who are successfully involved in each.

I’m sure you’ve heard it: “Those who can, do. Those who can’t, teach.” While I suppose there may be some degree of validity to that in certain circumstances, it’s been my experience in observing real estate professionals who pursue the teaching niche that they are, for the most part, informed, dedicated, and completely in tune with what goes on in the real world of real estate.

COMMUNITY COLLEGE TEACHING

Look at just about any community college catalog of courses and you will find real estate offerings. While there may be courses in such varied topics as real estate investing or home buying, by far the most frequent offerings relate to real estate licensing. In all 50 states, in order to participate in “professional real estate activity” (which basically means you expect to get paid), you have to be licensed. That involves passing an objective examination and completing mandatory course work.

I have taught real estate pre-license courses for a number of years at Linn-Benton Community College in Albany, Oregon. I teach the course through the Business Development Center, which is affiliated with the community college, and we do the complete program in 15 weeks. While it’s a worthy challenge, since I’m not now actively listing and selling, it’s a manageable undertaking.

Let me cite an example of an active real estate broker who owns her own company and teaches a real estate licensing course in her spare (right) time. Her name is Dannie Walker. Visit her web site at www.danniewalker.com. What you will see is an impressive presentation of the Dannie Walker team of Real Estate 2000. Dannie is located in the incredibly beautiful Oregon town of Roseburg in southwestern Oregon, about 123 miles north of the California border.

I worked with the staff at the Business Development Center at Umpqua Community College in Roseburg in setting the program up. As is ours, it’s a 15-week, 60-contact-hour program, along with 90-non-contact self-study hours. That means the instructor teaches 15 live, four-hour sessions. Visualize that.

If you are a real estate broker and the thought of teaching a licensing course appeals to you I have this word of caution: don’t underestimate the extent of the challenge, both in time and emotional involvement.

A broker in another part of the country informed me that a side benefit was that he was able to recruit some exceptional agents through his class work.

Itinerant Teaching —“On The Road Again!”

How about traveling all over the country delivering seminars and speeches on various real estate topics? If you were writing a resume intended to impress the world with your accomplishments as a real estate educator filling this niche, you couldn’t do better than simply replicating that of Julie Garton-Good, DREI, C-CREC (Check out www.juliegarton-good.com for details).

After more than 25 years in the real estate profession, seven books, a syndicated newspaper column, a variety of industry awards (including being selected as International Educator of the Year three times), and several million air miles later, she maintains she is “still working on defining, fine-tuning, and expanding my craft as a real estate educator.”

If you’re looking for a “rags to riches” story to inspire you, it would be difficult to top that of Julie’s. Start with the “rags.” Julie and her six-month-old daughter were briefly homeless on the streets of Boise, Idaho in 1974. She says that her main motivation to getting into real estate was so that she and her daughter would never be homeless again. She eventually ended up opening her own real estate brokerage in northern Idaho. She said she “loved selling, but teaching became my heart,” and then evolved into her first love — real estate education.

Since this is an article on “niches” I would have to nominate Julie as the “niche master.” In the early 1980’s, when the topic of agency first reared its really ugly head, Julie stepped up to the plate and developed a variety of products relative to that topic, including books and seminars. Her latest venture is that of leading the charge into developing new business models for our profession. She founded the National Association of Real Estate Consultants (www. narec.com) and designed the Consumer-Certified Real Estate Consultant training course and the CREC professional designation. Oh, yes, she’s also on the road a lot.

Private Real Estate Schools —Big Doings In The Big Apple

There are a variety of opportunities in teaching (and eventually owning) private real estate schools. Several years ago I attended a Real Estate Educators Association convention in Lexington, Kentucky. On an evening dinner excursion down the river near our hotel, I sat at the same table with a fellow by the name of Sandy Frame. The thing that caught my attention was that Sandy owned and operated a private real estate school in Brooklyn. As a young Air Force officer I was stationed at an Air Base on nearby Long Island and spent a lot of time visiting a (really) close friend on Flatbush Avenue, so I was naturally intrigued.
I’ve kept in touch with Sandy over the years and he has considerably expanded his operations. Visit his web site at www.reedc.com, and you will read this description of his Real Estate Education Center operation: “A New York real estate school, with branches in Manhattan, Brooklyn, and Queens. We provide certification for the real estate Salesperson, Broker, Appraiser, Home Inspector, Mortgage Broker and Property Manager. In addition, we have continuing education programs online, or in lecture format.”

Sandy started in real estate sales in the early 60’s in New York City and after a series of serious setbacks and subsequent recoveries, he achieved substantial success. Notice that in the company description he now has a school in Manhattan. The address is 350 Fifth Avenue. That happens to be the Empire State Building. His eleventh floor office is 2344 square feet, broken into two classrooms that accommodate 20 to 30 students, as well as auxiliary facilities. Not sure what he pays in rent, but an article I saw in another publication indicated office space in Manhattan was going at something like $43 per square foot. In addition to being the owner/operator of the school, Sandy teaches the real estate brokerage course.

Head of the Class

Defying any particular category, but definitely at the head of the real estate education class is Joe Klock, a regular contributor to The REAL ESTATE PROFESSIONAL. With both the CRB and CRS professional designations it’s obvious that Joe has “been there and done that” in the profession. The crowning achievement of his ultimate evolution into real estate education was having been selected as the Dean of Coldwell Banker University, the first of its kind in the industry. Now retired from that prestigious position, he occupies himself with an incredible variety of activities you can check out at www.joeklock.com.

 

Virtual Teaching —

Of course, with the advent of computer technology and the wonders of the In-ternet, a variety of other opportunities exist for real estate educators, under the generic title of distance education. For example, it’s now possible to complete your license requirements on-line.

As a matter of fact, I work with an Oregon company whose title is OnLineEd (www. onlineed.com). Their licensing program has been approved by Association of Real Estate License Law Officials (ARELLO), a national regulatory agency. When a student signs up for the course through the local community college with which I’m affiliated, I’m assigned as the student’s virtual on-line teacher.

Another format would be for students to sign up and be issued text material and compact disks with the course material. An example of that would be another Oregon school, ProSchools (www.proschools.com). They have been in business for several decades and offer licensing courses either through live classroom locations or a package which includes lectures on CD’s and a series of comprehensive text books. I’ve reviewed the material and it has obviously been prepared by people who know their profession. Very impressive student pass rate on state licensing test.

Finally, visit the web site of America’s Best, a Washington-based distance education company that’s been offering ARELLO-certified courses for seven years and is currently certified in 31 states (www. americasbest.com). For inspirational purposes check out company founder Susan Davis’ real estate resume.

YOU GOTTA HAVE HEART!

As you can see, there are many opportunities for you if you decide real estate education is a niche worth pursuing. There are many others we have not covered. Be advised, however, that for many of these possibilities you must have a sincere desire to interact with others in a teaching environment.

Here’s a quote from Julie Garton-Good: “When it comes down to it, there’s nothing more exciting than seeing a student’s eyes light up when he grasps a concept or an idea that was previously hidden to him — that’s the true reward, and the real reason we get up, show up, and strive to make a difference in our industry.”
And to quote my wife regarding my compensation arrangement with the community college where I teach: “A captive audience for four hours? He would pay them.” How badly she misjudges me. I get paid well.

Homework Assignment

Get a pencil and sheet of paper. Your assignment: write down the names of the ten people who have had the most positive influence on your life. Now review the names. If you are like most people, that list will contain the names of several of your former teachers. My list contains four: my fifth grade teacher, my high school English teacher, my junior college journalism advisor, and my advisor when in my doctoral program at Cal Berkeley. Would a real estate educator be likely to make many people’s list? As a matter of fact, yes. Perhaps not a classroom instructor, but many real estate super-achievers I’ve visited with invariably talk with great admiration about a mentor who helped and inspired them in their careers.

“Hey, Don’t Get Mad At Me!”

If you become involved in classroom pre-license teaching, you’ll spend a lot of time giving and critiquing practice exams, since your number one job will be to prepare your students to pass the state test. Frequently students will become agitated at particular questions they may feel are unfair or ambiguous. If that happens to you, here’s a little story to have handy to deflect animosity.

“The story is told of a lion in the jungle who was constantly roaring ‘Who is the king of the jungle?!’ He went on and on and on, repeating the same question. An elephant who was grazing nearby became agitated, walked over to the lion, grabbed him by the tail with his trunk, twirled him around several times and hurled him about twenty yards in the air. The lion hit the trunk of a large tree with his head, and slid to the ground. As he sat dazed and confused, he said to the elephant: ‘Hey, man, don’t get mad at me just because you couldn’t answer the question’.”

Real Estate Education Websites

www.reea.org — Web site of the Real Estate Educators Association (REEA). The nation’s largest and most active professional organization for real estate educators. Awards the DREI professional designation (Distinguished Real Estate Instructor). This year’s annual national convention in Las Vegas June 9 -14.
www.RealtyU.com — Founded by industry stalwart Stefan Swanepoel, The RealtyU® Group is the largest provider in the U.S. of real estate education.
www.arello.com — ARELLO is the Association of Real Estate License Law Officials, comprising the official governmental agencies and other organizations around the world that issue real estate licenses/registrations in addition to regulating real estate practice and enforcing real estate law. Many useful features on the web site, including web links to each state real estate regulatory agency.

Educators’ Lasting Influence

It’s incredible how long we remember even comparatively insignificant matters that we’ve been taught. For example, while in high school I helped out in the administrative office. The school secretary, Lorraine Johnson, was a young woman with a perpetual smile and an incredibly positive personality. My job one day was to fold a large stack of letters, place them in envelopes, and seal them. After observing me having trouble getting the letters folded properly so they fit in the envelopes, Miss Johnson volunteered “Here, Kenny, let me help you.” She took one letter, folded it neatly, pointing out how you did it so the letterhead and the address element were visible when the recipient opened the envelope and took out the letter. To this day, each time I fold a business letter I remember Miss Johnson’s gentle instruction — and that sweet smile.

– Ken Edwards

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