A real estate instructor usually works at a junior college or a pre-licensing school that offers classes for aspiring real estate agents. He or she usually teaches real estate courses like principals of real estate and real estate practices, as well as some elective courses. Appraisal, property management, finance, economics, legal aspects, office administration, and general accounting are among the topics covered in courses that vary by state and country. Business law, escrow, mortgage loan brokering and lending, computer applications, and common interest developments are all possible topics.
Courses on real estate principles are typically taught by certified real estate instructors (CREIs). This type of course covers a variety of topics in real estate, such as how to write contracts, the differences between agency and dual agency, how to close a deal, financing fundamentals, taxation, and property leasing. The majority of real estate instructors will also teach courses on real estate law, agency issues, land use regulations, ownership, and finance fundamentals.
Typical coursework includes elective subjects that real estate instructors may teach in addition to the core classes. Instructors typically have personal real estate experience and can use that to help students better understand what their first few years in the field will entail. In the United States, junior colleges and pre-licensing schools strive for a high pass rate among their students, which benefits both the students and the school by attracting future students. An instructor will typically issue a completion certificate after the coursework is completed, allowing students to proceed to the relevant licensing exam or exams.
CREIs make up the majority of real estate instructors. Commercial real estate investing, as well as cost reduction and effectiveness improvement, are all professions that use the acronym CREI. However, in order to become a CREI in real estate, one must usually have prior teaching experience. CREIs typically have real estate experience, and most US states require instructors to have at least two years of experience as a real estate broker or have legal experience.
When it comes to certifying instructors, most US states use the same guidelines for all licensees, weighing factors like honesty, integrity, ethics, truthfulness, and a clean criminal record. The Federal Bureau of Investigations (FBI) and the Department of Justice usually require fingerprints for verification (DOJ). A license is typically issued for two years after certification approval has been granted. The title of distinguished real estate instructor is usually given to an instructor who has outperformed the majority of other CREIs (DREI). The Real Estate Educators Association bestows this honor.