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THE RELATIONSHIP BETWEEN HIGHER EDUCATION AND REAL ESTATE BROKERAGE.

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Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

THE RELATIONSHIP BETWEEN HIGHER EDUCATION AND REAL ESTATE BROKERAGE.

Ruthmarie Hicks is fully deserving of respect for the years of dedication and hard work necessary to earn degrees of higher education.

I'm not aware of the denigration of the value of formal education as a means to success on this forum.  See A former scientist's formula for success in business: 1 Part inspiration + 1 part perspiration = profits:

Surely it cannot be denied that members with higher education bring with them two valuable assets.

1.  The ability to write.  I am of the opinion that, while writing is an acquired skill and can be developed, once higher degrees are achieved, writing has been a necessary skill.  Unlike the test for a real estate license, students in courses of higher education must present "papers" written by themselves (hopefully), not pass/fail by tests of multiple choice. 

2.  Don't forget discipline.  They aren't called "disciplines" without reason.  With more formal education, a real estate practitioner is more likely to research before making decisions or giving advice and have discipline to complete necessary and often difficult tasks. 

DON'T IGNORE EXPERIENCE.  All the above said, without formal education in schools of higher learning, experience is a great teacher and many wonderful and successful agents obtain their licenses, provide exceptional client service and reach very high incomes without formal education.  Most states, to the best of my knowledge require at least a high school education for licensing. 

I believe that a background that includes higher education will usually help a licensee achieve success in real estate practice.   I didn't achieve my goal of PhD and admire those who did.  I got married and raised 5 children and, while ongoing formal education has been important, the skills of writing, research, analysis and discipline of hard work are balanced by the experience in human relations gained by years of operating several businesses, teaching and, yes, raising those 5 children, an education if there ever was one. 

Each successful real estate licensee brings their own unique skills, experiences and backgrounds to their business and to our industry. 

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

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Comments(31)

Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Well I certainly don't have any formal higher education. I opted for my GED after the 10th grade. I found school to be very boring. I had no desire or need to learn chemistry, geometry, french or any of the other time wasters. I did have an overwhelming desire to get out into the world and make my mark.

I do however consider myself very educated. I just didn't need school to get there.

May 31, 2010 05:47 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Bryant.  Your knowledge and success is a result of your hard work and experience.  The real estate industry is one place where hard work can continued learning can be rewarded, as it will in many businesses. 

Ruthmarie believes that those with higher degrees have been denigrated.  I simply haven't seen that. 

Those of us that are successful in real estate practice got to where we are by whatever the forces that brought us here.  We survived through the use of our education, training, experience and hard work.

 

May 31, 2010 07:38 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Joan.  Ah yes, the 5 children.  I can tell you that there is no education or training that will prepare one for that.

Roy.  I bet it did.  I believe that my background in finance and education and running businesses helped me.  We are what we are.

Wallace.  Indeed.  Hard work demands continued education of us.

Barbara.  HA!  There are those with degrees that don't belong in a lot of places.

Sally and David.  I agree.  Education is a wonderful thing and gives one a leg up.

Charles.  Of course.  I simply believe that the level of education may make the learning curve a tad easier.

Missy.  If you mean denigrating higher education, I haven't seen it.  I just hang around here.

Robert.  Good for you.  Get what you can from your reading.

 

 

 

May 31, 2010 07:46 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Larry.  Thanks.  Glad to please.

Ray G.  You wrote:  I disagree with your premise that these things can only be obtained through "higher education."

Did I say that????  Or did I say those with higher degrees have certain attributes.  That doesn't mean, and I didn't say that these attributes can be gained ONLY through higher education.

 

May 31, 2010 07:49 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Leslie.  Thank you so much.  The ability to sit down and "bat it out" is a skill acquired over many, many years in an attempt to communicate. 

I have written "words are my life" which is, of course, an exageration. 

May 31, 2010 07:52 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

When I grew up in the U.K. higher education was not particulary encouraged for women.  We became secretaries, nurses, or housewives.  I came through the school of hard knocks.  I was a lousy student.  "Does not concentrate" and "could do better" permeated my report cards.  I think the only thing I missed by not going to University was the discipline needed focus in on what is necessary to succeed, and the contacts I could have made. I certainly did not miss out on the education part, nor the skills to write and, may I say, spell. However, in those days, the English system of education was say different from today's. 

As someone who did not go to college, I am sensitive to the notion that I am somehow not as equipped for business as those who did,, especially when I see the some of the grammar and spelling that issues forth from those people.

May 31, 2010 08:02 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

A degree in Business can give someone an advantage but possessing common sense and passion for this industry can bring a person great success as well. Those are  just my thoughts Lenn.

May 31, 2010 09:45 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

My formal education in civil engineering taught me alot of things - so they say about being analytical, methodical and systematic. Hence, clients who care about the details find me very impressive and those who dont, know that they can rely on my personality to take care of their business.

However, I do believe it's a combination of book school and school of life that taught me to become whom I am. My good corporate years as a Structural Engineer, I worked closely with 2 very conservative men that has influenced me to whom I am today. I chose to learn to build a strong character than what I actually did for work.

I've read once on AR that featured bloggers tend to write better posts, their thoughts are well-formulated and well-deserving. I must agree that experience also counts on how you present your materials.

Did school teach all that? All I know that in Engineering school, I learnt what DISCIPLINE is. If I didn't start working on the assignment the day it's assigned, I wouldn't be able to finish it when it's due a week later. It's not uncommon that we turn in a 30 or 50-page homework of Engineering Math or Design. Gosh, just thinking back about those times just give me chill. I wonder how I survived.

May 31, 2010 10:52 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Jane.  What?  Education not encouraged for women.  HA!  I'm from a generation of teachers, nurses and secretaries, which I believe are as often men in England as women.  I got the education over many years while raising children. However, my business success is from building on experience.

Wanda.  I believe that the business education is a wonderful foundation on which to build any business. 

Loreena.  You wrote: I've read once on AR that featured bloggers tend to write better posts, 

I've seen that before, but doesn't it make sense????   Why would we have it any other way????

 

May 31, 2010 11:15 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

It sure does. I just smiled. Constant featured bloggers are not only better writers, they are better thinkers. Perhaps, better teachers too.

May 31, 2010 12:32 PM
Ray Garrett, Jr.
Realogy Holdings Co - Richmond, VA
Director of Productivity and Innovation

@Lenn,

I respect your opinion, but I think the idea that the institution of higher learning makes the difference (or has the potential to be the difference) between the performance higher and lower performing agents is skewed.

If anything, I think IQ plays a part in the success of any profession.  The ability to obtain an undergradutae or graduate degree demonstrates higher IQ.  I would hazard a guess that an IQ test would be a much better predictor of performance than the completion of a college degree program.

 

May 31, 2010 01:50 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I got thru high school and a couple of months at a junior college and got married.  My education is self made thru determination and insatiable thirst for knowing why, when, how, what and where.  I read everything I can get my hands on that I think pertains to me, real estate, customer service and life in general. Great post Lenn!

May 31, 2010 03:15 PM
FN LN
Toronto, ON

Lenn - You wrote "Unlike the test for a real estate license, students in courses of higher education must present "papers" written by themselves (hopefully), not pass/fail by tests of multiple choice."

In Ontario, until about a year ago, only the first course had a multiple choice test (or what I prefer to call a "multiple guess" test).  It was used to weed quickly weed out those who did poorly since it was answered on bubble in computer card.  The remaining exams were short answer and longer answer questions.  Until a couple of years ago, the exams were open book but then became closed book.  About a year ago, all exams became multiple guess exams on a computer.

May 31, 2010 11:47 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Loreena.  Or, they post on subjects that the moderators often feature.

Ray.  Goodness.  IQ plays a role in every aspect of the life of everyone.

Evelyn.  Same here. 

Marc.  I expected someone to identify multiple choice exams somewhere.  Still, I believe that the opportunity to learn to write is usually first gained in academic courses at the college level. 

 

Jun 01, 2010 01:06 AM
Mike Henderson
Your complete source for buying HUD homes - Littleton, CO
HUD Home Hub - 303-949-5848

Interesting thoughts, I came over from Lorena's blog and wanted to read what you had to say.  I think you summed it up best that we all bring different strengths to the industry based upon our past.  The most amazing stat to me is that some 85% of realtors have no prior sales experience before getting into this industry.  I wonder how that stat corrolates to success.  It is probably a positive corrolation coefficient, for those who had statistics in college.

You are right about every individual bringing their unique skills and background to the table.  I thought that I had a great background coming into this industry. 

There are two types of people that I'm jealous about.  The people who came into this industry with a professional photography background or construction industry.

Jun 01, 2010 03:23 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Mike.  Thanks for dropping by.  I agree with the "construction" background as helpful.  I've learned much over the years out of necessity. 

As for the photography background, I'm not so sure.  I've always had a good camera and it goes where I go but I don't believe that the professional photos are critical to selling real estate. 

When there is a discussion about the market value of a home, location, price, construction, etc. will be far more important than how we photograph that property. 

 

Jun 01, 2010 10:09 PM
Ray Garrett, Jr.
Realogy Holdings Co - Richmond, VA
Director of Productivity and Innovation

Lenn,

 

According to the NAR Member Profile 2010.  The average agent is a "54 year old, college educated white female who owns a home." p.45

Earlier, you wrote, "Still, I believe that the opportunity to learn to write is usually first gained in academic courses at the college level."

The level of writing necessary for this field should have been learned in the eighth grade. The fact is the majority of agents are college educated and perform horribly.  According the the aforementioned publication, the average net income of agents is less than $22k while averaging 40 hours of work per week of work.

I have two higher degrees designed for my desired vocation.  It is my opinion that degrees are a useless waste of time unless they train someone specifically for a trade.  They are designed to enslave a generation in useless debt.

If we could simply give IQ tests as a means of determining who gets hired rather than doing some PC dance around who gets hired, then your desired outcome will be achieved without miring a young adult down in $100k of debt.

Jun 02, 2010 05:04 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Ray.  Interesting comment.  I would disagree with the statement,

It is my opinion that degrees are a useless waste of time unless they train someone specifically for a trade

Seems to me that a "degree" should educate one for a profession.  A trade or vocational school or journeyman program should train one for a trade.

Jun 02, 2010 08:03 AM
Ray Garrett, Jr.
Realogy Holdings Co - Richmond, VA
Director of Productivity and Innovation

Lenn,

You are absolutely right, but when I say a vocational degree, I'm simply speaking of a degree with a specific career path.  For instance, I have a master of theology degree designed specifically for folks who want to enter ministry.  A lawyer might obtain her Juris Doctor.

For clarity, I suppose I should say "professional degree."  Instead of "trade" I should say profession.

Many people major in "Liberal Arts, Sociology, Business Administration" and other ambiguous degrees that do not have a defined career path.  If a person studies hard and fully utilizes her public education, she should obtain the skills necessary to be a productive real estate professional.  She can then obtain designations like her GRI or ABR.

I'm sorry that I have taken up so much of your blog, but this is something I'm passionate about.  According to the NCES IPEDS Graduation Survey, on 55% of americans graduate who attend college.  My guess is the true numbers are less than that.

Kids incur all of that debt, and many get out of college with no more idea what profession they are going into than they did prior to atttending.  The big difference is that now they are $75K in the hole.  They can't file bankruptcy on that amount of money.  The debt will literally follow them for life until it's paid or they die.

Since the majority of students use financial aid in the form of student loans, this debt problem is epidemic.  We feed young people this idea that they need a college education AND we urge them to pay for the entire thing on credit.  It's terrible financial advice, and we are indebting a generation.

Jun 02, 2010 09:51 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Ray.  I agree completely.  Sadly, the education that most are paying for doesn't prepare them to think but to follow.

The debt is absolutely criminal and student loans, like taxes are not dischargeable in chapter 7 bankruptcy.

 

Jun 02, 2010 11:49 AM