Real Estate Brokers' Education: Trends and Analysis (Professional, Continuing, Business).

Abstract

Real Estate education is important to the field's professionalization. This research synthesized and analyzed reports of the National Association of REALTORS(' ) (NAR) and National Association of Real Estate Licensing Law Officials (NARELLO) to answer the following research questions. (1) Are choices of sponsors of real estate education and number of sponsors chosen related to different characteristics of selecting brokers? (2) What are trends in demographic, business, professional and educational characteristics of brokers from 1964-1981? (3) What are trends in state requirements for licensure and relicensure of brokers and do licensing requirements influence broker's choice of sponsors? SPSS procedures, ANOVA with MCA, and REGRESSION applied to the 1981 NAR membership profile data used 16 broker characteristics as independent variables. Dependent variables included number of sponsors chosen and the following sponsors of educational programs: University full time, University extension programs, state licensing commission, REALTORS(' ) Institute, NAR affiliate, State REALTOR(' ) association, local real estate board, franchise organization, and company programs. Statistical Results. (1) Number of sponsors selected was positively related to franchise status, mobility and holding professional designations, and negatively related to age and having a degree. (2) Younger, female brokers in single family brokerage selected the REALTORS(' ) Institute and company program. Male, commercial, industrial, and appraisal specialists selected full time college and NAR affiliates. (3) Brokers selecting university extension almost mirrored the broker sample, while brokers selecting full time college differed in age(younger), income(higher), specialty, and college curriculum. (4) State license requirements were significant in six sponsors. Trends. Brokers' educational level increased from 1964 to 1981: those reporting degrees increased from 31% to 45.3%; associates degrees increased 137%; graduate study up 100%, 8.3% compared to 17.7%. Changes in broker's license requirements from 1967 to 1980 include: states requiring experience and education increased from 4 to 34; states requiring education and /or experience, from 8 to 41; states requiring 120+ classroom hours increased from one to 15. Twenty-one states reported relicensure continuing education requirements in 1982. Differences exist between brokers selecting from a growing number of sponsors to fulfill increasing dem and s from state commissions and to promote professional growth and recognition. These differences should be considered in planning these programs.Ph.D.Commerce-BusinessUniversity of Michiganhttp://deepblue.lib.umich.edu/bitstream/2027.42/159968/1/8412179.pd