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While this story is fairly parochial, I chose it because it also is illustrating a very important trend in real estate. Real estate sales is traditionally a second career for many. The average Realtor is over 40 and has a great deal of experience in another field.

But there is a new emphasis on real estate education on the university level. And the earning levels for a first year agent may be scary if you are 40, for a recent college graduate with a focus on real estate education, it is not a bad income for the first year out of school.

I think we are going to watch a transformation as agents will start getting younger and real estate will be the first choice for a career, not the second, and the agents coming in will be better educated in the nuances of real estate after studying it at college for 4 years.

The new executive director at the Alabama Center for Real Estate at the University of Alabama’s Culverhouse College of Commerce and Business Administration thinks so. Grayson M. Glaze is aiming to take the program to the next level and make it a national learning center for real estate education.

As part of the shift in focus, Glaze said the center will revamp its Web site to include more assistance for the real estate community, as well as possibly adding distance learning programs and Web seminars and conferences.
“I also hope to find more student internships in the real estate community, and I will be looking for ways to increase student participation through student-oriented activities,” Glaze said. via the  Birmingham Business Journal

Related posts:

1. Marquette University Announces Center for Real Estate
2. University Village Coming to University of Michigan Housing Mix
3. Keller Williams Founder Gary Keller Donates 5 Million to Baylor University For Home Buying Research Center
4. Alabama Residential Real Estate Market Humming
5. Monmouth University Will Offer Degree in Real Estate