Quality Real Estate Education!… Now More Than Ever

Thanks to the California Community Colleges

Fallacy:

The Real Estate Market is down, so society does not need new agents until the market returns to normal.

Reality:

The Real Estate Market is Back!

• Interest Rates are at historic lows.• Existing Housing Inventory levels are abnormally

low.• Bidding wars exist in many communities.• Bank held “Shadow Inventories” represent less

inventory than expected.• Alternative Financing Methods (Seller financing,

HUD, VA, First time homebuyer programs) are up.

Reality:

Ethics, Honesty, and Truthful Agency are More Important Than Ever !

• The Department of Real Estate reports increased enforcement and discipline cases.

• New Mortgage Loan Origination Broker requirements at State and Federal Levels.

• Pending California legislation to increase broker. experience/education requirements.

Reality:

Real Estate Professionals Require Higher Skill Levels Today than Ever Before!

• Short-Sale Marketing and Bank Negotiations.• Foreclosure Sale Marketing and Sales.• Alternative and Creative Financing.• New Mandatory Disclosure Requirements.• New Immigrant and Emerging Populations

entering the housing market.

What To Do?

The 110 California Community Colleges Fulfill California’s Need for Outstanding Real Estate Education!

The Community College Mission:

Real Estate Education Achieves the Goals• Preparation for transfer to baccalaureate institutions.• Achievement of Associate Degrees in Arts and Science.• Acquisition of certificate and career skills needed for success in

the workplace.• Promotion of economic development and job growth• Lifelong learning, consumer protection, life skills, and

citizenship.• Active engagement in the civic, social, and economic fabric of

the community.

Action:

Inform and Educate your College Administrators, Union Representatives, College Trustees, and Community Members

Retain and Expand your Community College Real Estate Program!