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Online Real Estate School Review Methodology

In case you’re contemplating a profession in actual property however are comparatively busy with work or household obligations, pursuing your coaching on-line could make quite a lot of sense. Fortuitously, an array of on-line actual property colleges provide varied packages that may meet your wants. Whereas some on-line actual property coaching facilities provide programs in a self-paced digital format, others provide reside webinar programs with the choice to work together with instructors. 

One of the best on-line actual property faculty on your wants will probably depend upon how you like to be taught and obtain data, in addition to how a lot you might be prepared to pay. In the meantime, you will want to match on-line actual property colleges primarily based on the precise coaching they provide within the state you wish to turn into licensed in. 

However, how are you aware a web based actual property faculty is reputable? Investopedia workers got down to examine and reply this query earlier than we started reviewing particular person on-line actual property colleges.

To give you the knowledge for our complete evaluations, we in contrast on-line actual property colleges primarily based on elements like size of time in enterprise, accreditation, digital studying options, the price of attendance, and refund or cancellation insurance policies they’ve.

This information explains the elements we in contrast intimately, in addition to how we used varied data to compose on-line actual property faculty evaluations. We additionally clarify why every issue issues, the ranking system we used to compile knowledge for our rubric, and what future actual property professionals ought to think about earlier than deciding on a college. 

On-line Actual Property Faculty Methodology

Whereas on-line actual property colleges all train varied programs associated to the actual property business, they do not provide the identical coaching choices nor do they ship content material in the identical format. Some colleges additionally provide significantly better customer support choices in addition to varied paths offering extra interplay with actual property instructors and classroom friends. 

With this in thoughts, we wish to spotlight every of an important elements we thought of when evaluating on-line actual property colleges, in addition to the share that every issue impacted our inner rankings.

Fame and Buyer Satisfaction 8% 
Buyer Expertise 24% 
Programs Provided 13%
Prices and Charges 18%
Buyer Assist 40%

The next sections clarify the varied knowledge we collected for every faculty to create our rankings, in addition to why this data is vital when deciding on a web based actual property faculty.

Fame and Buyer Satisfaction

Whereas some industries have been round for a century or longer, actual property colleges are usually a lot youthful and fewer established total. That is very true amongst on-line actual property colleges, a lot of which have solely been round for a couple of a long time at most. 

Primarily based on this data, we in contrast on-line actual property colleges on a couple of elements that influence their status and total buyer satisfaction.

  • Time in enterprise
  • Accreditation
  • Cash-back assure

Time in enterprise

Contemplating some on-line actual property colleges have solely been in operation for a couple of years, evaluating them may be tough as it is not straightforward to seek out many person testimonials or complaints.

We in contrast on-line actual property colleges primarily based on their time in enterprise because of this. Utilizing the next timelines, we in contrast every on-line actual property coaching heart primarily based on the next scale.

Glorious (1.00) 15 or extra years
Good (0.67)  10 to fifteen years 
Honest (0.33)  6 to 10 years 
Poor (0.00)  1 to five years or not disclosed 

Accreditation

Along with time in enterprise, we additionally in contrast on-line actual property colleges primarily based on their accreditation or their lack thereof. Colleges got the next ranking if they’re at present licensed by the Association of Real Estate License Law Officials (ARELLO) and the International Distance Education Certification Center (IDECC).

Each of those organizations exist to make sure the standard of on-line actual property schooling. In the meantime, ARELLO has a acknowledged mission of supporting jurisdictions within the administration and enforcement of its actual property license legal guidelines. 

We used the next rankings to attain colleges primarily based on their accreditation.

Glorious (1.00) Accredited by ARELLO and the IDECC
Poor (0.00)  Not accredited 

Cash-Again Assure

We additionally in contrast on-line actual property colleges primarily based on their money-back assure, if they’ve one. This issue was ranked on a “sure” or “no” foundation in our inner examine, and colleges with sturdy money-back ensures have been rated greater.

We in contrast every faculty’s money-back assure provide and rated them utilizing the next scoring system.

Glorious (1.00) Cash-back assure supplied
Poor (0.00)  Not supplied 

Buyer Expertise

Buyer expertise is a vital element of our on-line actual property rankings, primarily as a result of it’s of utmost significance to college students who finally pay for programs and make the most of every faculty’s platform. Nonetheless, this class has a number of working elements that may influence the standard of schooling a scholar receives.

To price every on-line actual property faculty primarily based on their buyer satisfaction ranges, we regarded on the following elements:

  • Digital or in classroom
  • Web site usability
  • On-line chat
  • Pupil sources on-site

Digital or In Classroom

The place some colleges provide actual property coaching in a completely digital format, others have the choice for in-classroom studying with particular dates and occasions accessible. Colleges that do provide the choice for in-person studying, in addition to bodily places potential college students can go to, got choice in our rating and the next ranking share in consequence. 

We used the next ranking scale to attain colleges on this class:

Glorious (1.00) In classroom studying supplied
Poor (0.00) Digital solely 

Web site Usability

Web site usability is one other vital issue that may influence a scholar’s studying expertise, and that is one which varies extensively amongst on-line actual property colleges. The place some on-line studying facilities characteristic interactive web sites with a plethora of data and instruments, different faculty web sites barely provide greater than a digital brochure. 

We rated on-line actual property colleges primarily based on web site usability utilizing the next scores:

Glorious (1.00) Simple
Poor (0.00)  Not nice 

On-line Chat

On-line chat is a crucial characteristic for on-line actual property colleges to have, principally as a result of it permits potential college students to ask questions and get solutions with out having to name a customer support line. In the meantime, current actual property college students can use a web based chat characteristic to ask questions on upcoming programs, billing points, and issues they could encounter throughout digital coaching.

As a result of on-line chat is an important operate actual property colleges ought to provide, we rated them utilizing the next scoring system:

Glorious (1.00) On-line chat supplied
Poor (0.00)  Not supplied 

Pupil Assets On-Web site

Pupil sources supplied by on-line colleges sometimes embody informative articles and data, free webinars to study coaching supplied, data on varied state licensing procedures for actual property professionals, and extra. 

We gave choice to colleges that provide as a lot useful, appropriate, and up to date data to their college students as doable utilizing the next scoring system:

Glorious (1.00) Pupil sources supplied
Poor (0.00)  Not supplied or scarce 

Programs Provided

Programs supplied by on-line actual property colleges typically differ greater than anticipated. For instance, some colleges solely provide salesperson pre-licensing coaching in sure states, and the identical is true for dealer pre-licensing programs. Different sorts of coaching, equivalent to examination preparation programs and persevering with schooling, might also be accessible with some colleges however not others.

To assist college students gauge which colleges provide one of the best number of actual property coaching programs, we rated every one primarily based on the next programs and whether or not they provide them or not:

  • Salesperson Pre-Licensing
  • Dealer Pre-Licensing
  • Examination Preparation
  • Persevering with Training

Salesperson Pre-Licensing

Salesperson pre-licensing programs are for people who’re considering of breaking into the actual property business of their state. Every faculty that gives these programs should tailor them to relevant state licensing necessities and provide a curriculum that helps college students put together for his or her state licensing exams.

We rated every faculty primarily based on whether or not they provide salesperson pre-licensing programs utilizing the next scoring system:

Glorious (1.00) Salesperson pre-licensing programs supplied
Poor (0.00) Not supplied

Dealer Pre-Licensing

Dealer pre-licensing programs may be harder for potential college students to seek out, principally as a result of fewer on-line actual property colleges provide this coaching. Both approach, colleges that provide dealer pre-licensing programs have to make use of a curriculum that helps brokers put together for his or her dealer licensing examination. Dealer programs should additionally meet state licensing necessities within the states they’re supplied in.

We rated every faculty primarily based on whether or not they provide dealer pre-licensing programs utilizing the next scoring system:

Glorious (1.00) Dealer pre-licensing programs supplied
Poor (0.00)  Not supplied 

Examination Preparation

Examination preparation programs are supplementary coaching periods that assist actual property professionals put together for his or her state licensing exams. These programs typically embody reside webinars or pre-recorded on-line coaching periods, apply quizzes, digital flashcards, and extra.

Not all on-line actual property colleges provide examination preparation programs. As such, we rated every faculty primarily based on whether or not they provide examination preparation utilizing the next scoring system:

Glorious (1.00) Examination preparation programs supplied
Poor (0.00)  Not supplied 

Persevering with Training

Persevering with schooling programs are designed to assist actual property professionals full the coaching required by every state to keep up their license. Persevering with schooling programs may assist actual property brokers and brokers improve their abilities, enhance their incomes, and keep on high of adjustments inside their business.

Not all on-line actual property colleges provide persevering with schooling programs. As such, we rated every faculty primarily based on whether or not they provide persevering with schooling programs utilizing the next scoring system:

Glorious (1.00) Persevering with schooling programs supplied
Poor (0.00)  Not supplied 

Prices and Charges

Price is a crucial issue for college students looking for a web based actual property faculty. In spite of everything, the price of attendance, plus any relevant charges, could make the distinction between having the ability to attend actual property faculty to start out a brand new profession or being caught on the sidelines.

To assist college students gauge affordability and worth for on-line actual property programs, we in contrast colleges primarily based on their pricing within the following areas:

  • Salesperson pre-licensing
  • Examination preparation 
  • Cancellation coverage

Salesperson Pre-Licensing

Affordability is usually a giant challenge for college students looking for on-line actual property schooling, and we ranked colleges primarily based on this metric in consequence. Usually talking, on-line actual property colleges with essentially the most aggressive pricing did higher on this class than others. 

We ranked on-line actual property colleges primarily based on the price of salesperson pre-licensing programs utilizing the next scoring system:

Glorious (1.000–0.869) $200 and beneath
Nice (0.868–0.646)  $201 to $400 
Good (0.645–0.423)  $401 to $600 
Honest (0.422–0.200)  $601 to $800 
Poor (0.199–0.000)  $800 and up 

Examination Preparation 

The affordability of on-line examination preparation programs can be vital for college students to contemplate. Thus, we ranked on-line actual property colleges primarily based on examination preparation value utilizing the next scoring system:

Glorious (1.00) $0 to $50
Good (0.67)  $50 to $100
Honest (0.33)  $101 to $150 
Poor (0.00)  Not supplied 

Cancellation Coverage

Whereas value is an element that needs to be thought of when evaluating on-line actual property colleges, cancellation insurance policies are additionally vital. In spite of everything, colleges with a beneficiant and truthful cancellation coverage make it doable for college students to recoup their funds in an inexpensive period of time if they’re unable to finish their coursework or they do not move their state licensing examination. 

Inside this class, we scored every faculty’s cancellation coverage primarily based on the rank order of the cancellation interval, as proven within the desk beneath. From there, we deducted factors for cancellation charges charged (if any) and circumstances that may apply for college students to have the ability to cancel their tuition and obtain a refund.

Since we predict this issue is a vital element of any faculty’s pricing construction, we ranked every on-line actual property faculty’s cancellation coverage utilizing the next scoring system:

Glorious Refund inside 30 days
Nice Refund inside 10 days 
Good  Refund inside 7 days 
Honest  Refund inside 7 days 
Poor  No refunds or not disclosed 

Buyer Assist

Buyer help is one other vital issue the place actual property colleges are involved, and this metric is very essential relating to on-line actual property colleges. In spite of everything, colleges that provide digital programs have to have buyer help in addition to technical help accessible. 

To assist college students decide the extent of buyer help they could obtain at varied on-line actual property colleges, we in contrast and scored every schooling heart within the following classes:

  • Incessantly requested questions (FAQs)
  • Variety of check financial institution questions
  • Coursework help

Incessantly Requested Questions

With regards to on-line actual property colleges, it is wonderful how a lot data yow will discover inside a well-written FAQ web page. Usually talking, continuously requested questions embody data on pricing and cancellation insurance policies, how lengthy college students can entry their digital programs, the supply of data, and extra.

We ranked colleges on this issue utilizing a easy “sure” or “no” format to point out whether or not they have an FAQ web page or not:

Glorious (1.00) FAQ supplied
Poor (0.00)  Not supplied 

Variety of Check Financial institution Questions

Some on-line actual property colleges promote spectacular check banks with an array of questions to assist college students put together for his or her state licensing exams. We scored colleges primarily based on what number of questions they provide of their respective check banks, with choice given to colleges with the broadest number of check questions accessible.

Glorious (1.00) 1,500 questions
Nice (0.80)  1,200 questions 
Good (0.73)  1,100 questions 
Honest (0.67)  1,000 questions 
Poor (0.00)  Not listed 

Coursework Assist

Lastly, we ranked on-line actual property colleges primarily based on their coursework help. Total, we gave choice and better rankings to colleges that provide a number of methods to contact them in addition to ample customer support days and hours accessible.

Colleges have been ranked on their coursework help utilizing the next scoring system:

Glorious (1.00) 4 contact strategies
Nice (0.667)  3 contact strategies 
Honest (0.333)  2 contact strategies 
Poor (0.00)  1 contact methodology 

Selecting an On-line Actual Property Faculty

On-line actual property colleges will not be all the identical, which is why it is essential to match them primarily based on the elements that matter essentially the most to you. For instance, some digital actual property colleges present all of their programs in a reside webinar format, whereas others provide all their coursework through a self-paced on-line format that may match round a busy schedule.

You will additionally discover that some colleges provide extra programs normally and that the precise programs you want might solely be supplied by a handful of on-line actual property colleges that present coaching in your state.

Both approach, customers ought to search for colleges that match the next standards:

  • Colleges which can be appropriately licensed and accredited
  • Actual property colleges that provide upfront and clear pricing
  • Colleges with programs that match round work and household commitments
  • Coaching facilities that ship coursework in one of the best format for the way in which customers be taught
  • Colleges with loads of data on-line about their programs
  • Colleges that boast glorious customer support and technical help choices

With regards to on-line actual property colleges, you typically get what you pay for. Whereas selecting a college with essentially the most inexpensive programs can assist you get monetary savings, you’ll have to sacrifice customer support or interplay with instructors and friends. 

Ensure that to match on-line actual property colleges primarily based on the elements we’ve got outlined on this information, and do not settle till you discover a faculty that gives glorious worth on your wants.

Investopedia requires writers to make use of major sources to help their work. These embody white papers, authorities knowledge, unique reporting, and interviews with business consultants. We additionally reference unique analysis from different respected publishers the place acceptable. You’ll be able to be taught extra in regards to the requirements we observe in producing correct, unbiased content material in our
editorial policy.
  1. ARELLO. “What is ARELLO?” Accessed September 26, 2021. 

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