In the world of online real estate education,
Investopedia has emerged as a beacon of guidance, offering a meticulously researched methodology to help aspiring real estate professionals find the
best online schools. This comprehensive research, conducted by Investopedia’s full-time research and editorial teams, dives deep into evaluating nine popular online real estate schools. Each institution was scrutinized based on 38 distinct criteria, focusing heavily on key areas such as
fees,
customer satisfaction,
features, and
availability.
How We Research Online Real Estate Schools
Investopedia’s research methodology is rooted in objectivity, aiming to present aspiring real estate agents with the most reliable options for their education. Schools were chosen based on prior research, consumer interest, and a competitive analysis of the industry. The criteria for inclusion required schools to offer at least one of the following course types:
Salesperson pre-licensing,
Exam preparation,
Continuing education,
Post-licensing, and
Broker preparation.
Data Collection and Scoring
Investopedia developed a quantitative model to objectively score and rank these schools. The model considered 26 weighted criteria out of the 38 total, collected directly from company websites and customer support representatives. Each school was scored using the “
Investopedia’s Rating” scale from 0.00 to 5.00, ensuring a fair and comprehensive assessment.
Evaluation Categories
The evaluation categories were weighted as follows:
- Fees: 27%
- Customer Satisfaction: 27%
- Features: 26%
- Availability: 20%
These categories encompassed a total of 342 data points, forming the rubric for selecting the
best online real estate schools.
Fees and Customer Satisfaction
The research delved into the
fees associated with real estate salesperson pre-licensing in states like California, Florida, Virginia, and Texas. Additionally,
customer satisfaction was gauged through pass rates and customer ratings from multiple sources, including the
Texas Real Estate Commission.
Features and Availability
Online real estate schools offer various educational resources, from practice questions to live tutoring. The variability in offerings was assessed, with criteria like the number of practice questions and teacher support options being scored.
Availability was another critical aspect, as real estate courses are state-specific, requiring tailored content for different state laws and regulations.
Meet the Team
The research was spearheaded by Isaac Braun, Investopedia’s Research Manager, alongside Brendan Harkness, Senior Editor for Financial Products and Services. Their combined expertise ensured the accuracy and reliability of the findings, guiding readers to make informed decisions in their pursuit of a real estate career.
For those eager to embark on a real estate career, Investopedia’s research provides a valuable resource, highlighting the
top online schools and offering insights into the intricacies of real estate education.
