So, you’ve decided to get your real estate license. Congratulations! You’re on your way to starting a great career in the lucrative real estate industry. With that said, there’s no time to waste. Obtaining your real estate license is not an easy feat. It will take many hours of training, tons of studying, and one heck of an exam you’ll need to pass. But let’s not get ahead of ourselves. The first task you have is finding the best online real estate school. That’s exactly what I aim to help you do in this post. You’ll still need to perform your own research, but I’ve done a lot of the hard work for you.
The unfortunate truth in this industry is that there really isn’t any “best” real estate school. Sadly, most of them receive awful reviews online. The biggest complaints come from people who feel the courses are very outdated and even contain incorrect information which leads to poor exam performance even if they pass the course. This doesn’t exactly inspire confidence. For those reasons, here are some things I look for when determining the best online real estate school.
Student Exam Pass Rate – One way I narrowed down my list of the best online real estate school is by determining their average student pass rate. For many online real estate schools this information is tough to come by and for others, it’s relatively easy to find. In the end, no matter the “quality” of the course, all that really matters is the passing percentage of an online real estate school’s students. The higher percentage of students that pass, the more I feel confident in their training program. Most schools have a passing rate of just 50% – 75% as it is, so I looked at the online real estate schools with the best passing rates.
Pass Guarantee – Wouldn’t you expect the best online real estate school to have a money back guarantee? I sure would. If I spend 130+ hours (each state is different) going through intense training, studying my butt off, and I still can’t pass, I shouldn’t have to pay! Many online real estate schools offer money back guarantees and in fact, all of my top 3 recommendations which I’ve posted below offer this guarantee. Make sure you read the terms and conditions of the guarantee as they are all a bit different. For example, you can’t go through half of the course, give up, then expect to get your money back. Any quality online real estate school should be willing to stand by their product.
Access To Personal Instructors – As you study for your real estate licensing exam, you’ll be required to learn a ton of really dry, boring, and detailed information that includes memorizing laws, rules, regulations, etc. There WILL come a time when you just don’t understand something and need clarification. When this does happen, wouldn’t it be nice to have access to a real live person that can clarify things? Some real estate schools don’t even offer you a personalized instructor, but the best online real estate schools do. Again, I’ve listed those schools below.
Customer Reviews – So, I’ve basically scoured the internet trying to find all the reviews out there for each course. What I’ve found is a bit disturbing. Hardly any of them receive any positive ratings. Most of the reviews out there are from people who complain about how terrible they are. This was really disheartening when I was first looking at signing up for an online real estate license school. In the end, there really are no highly rated online based real estate schools out there. For some of us, though, doing our coursework online is the only option, and that’s why I still took reviews from former customers into serious consideration.
Before I give you my list (and explanation) of the top 3 recommended online real estate license schools, I need to warn you about what you’re about to get yourself into. While you probably already know this, I want to reiterate that my list below isn’t going to show you the most fun and exciting real estate schools online. There just isn’t any online real estate school that is fun, exciting, or even modern. It sucks, but that’s what we have to deal with right now. These are basically digital textbooks with quizzes mixed in and that’s it. With that in mind, here are my top recommendations.[mks_separator style=”solid” height=”4″]
Real Estate Express is one of the most popular online real estate schools around. This is the real estate school I chose to sign up for personally and while I think there are some improvements they can make, I am pretty satisfied with them. Based on my criteria above, let’s look at each aspect individually.
Student Pass Rate – Of all the online courses I looked at, this is the best online real estate school in terms of student pass rates. Real Estate Express has an average student pass rate of 79%, well above the industry average. This statistic alone made me feel more confident in Real Estate Express.
Pass Guarantee – Real Estate Express does offer a pass guarantee and they state on their website, “simply send us your state’s failure notice within 30 days of receiving it, and we’ll issue a refund.” Easy-peasy. Of course, none of us want to have to do that, but it’s nice knowing they stand behind their product. Please be aware that due to state regulations, this guarantee is not valid in Florida or Tennessee.
Access To Personal Instructors – One aspect of Real Estate Express that really sets them apart from the competition is the ability to both email as well as call your personal instructor on the phone. Most other online real estate schools only offer email exchanges with instructors, so this is a great additional perk. Real Estate Express also offers live weekly Q&A training sessions where students can log on and ask an instructor questions via live video.
Customer Reviews – While I’d like to say nice things about their average customer reviews, unfortunately the reviews for Real Estate Express are mostly on the negative side. I think many of the negative reviews are overstated with a lot of angry people who didn’t pass their exam, but some of the complaints are warranted. The course is indeed a bit outdated and there is not much interaction in the course itself. Pretty much ever other online real estate school has poor reviews as well, so even with these negative customer reviews, I still thought this was the best option and signed up.
Perhaps the single most popular online real estate school is Kaplan. This is one of the very first online real estate schools to exist and they also have a track record of offering more traditional based classroom real estate training. Here’s what to know about Kaplan…
Student Pass Rate – Kaplan has a student pass rate of 76% which is above the industry average. While they don’t have as high of a pass rate as Check Out Current Pricing Specials At Real Estate Express Here it is close enough to be very comparable. As this is my most important metric when determining the best online real estate school, this makes Kaplan a great choice already.
Pass Guarantee – Unfortunately, Kaplan is not currently offering a pass guarantee to students. While they are already recognized as a leader in the real estate training industry and are entirely legit, it would be nice to see them stand behind their product by offering a pass guarantee.
Access To Personal Instructors – While Kaplan does have email support with an instructor, there is no option to call your instructor via phone. I would really like to see phone based instructor support included, but as of right now it isn’t even an option, although I’m sure they’d be happy to help if you’re willing to pay extra for it. Kaplan does have various live training and study group options so this helps, but dedicated phone support with an instructor would be nice.
Customer Reviews – Of all the different online real estate school programs I looked at, Kaplan has the highest average customer ratings by far. With that said, just like most other online real estate schools, they receive a ton of negative reviews, too. So while they do score some points for having the best overall reviews, there are still a lot of things that need to be improved. The number one complain about Kaplan is how outdated the course is and many have complained about there being outdated / incorrect information included in the course leading to poor exam performance.
Career Web School is my last and final recommendation for taking your real estate license training online. This online real estate school is another very popular option and while I do think it should be considered, I have some pretty serious concerns with them as well. I still wanted to include this school for comparison purposes.
Student Pass Rate – Perhaps my biggest concern about Career Web School is their relatively low student pass rate as compared to the other options listed here. Career Web School has a student pass rate of just 59% which is pretty low compared to the online online schools I’ve listed. As the most important metric for me determining which school is the best online real estate school, this does not bode well.
Pass Guarantee – Career Web School has a pass guarantee, but it isn’t really a money-back guarantee. Instead, Career Web School will pay for your second exam fee if you do happen to fail. Here’s what they say on their website, “in the instance that one of our students does not pass the state exam on the first try, Career Web School will reimburse that student for their second state exam fee. To be eligible for reimbursement, the student must take the state exam within 1 year of completing our course and must have also passed our course exam with a grade of at least 80%.” Not the guarantee I’d like to see, but it’s better than nothing!
Access To Personal Instructors – While all students are assigned a personal instructor, Career Web School only gives access to those instructors through email. There are no phone or video sessions available with your personal instructor. While it’s a nice touch to have a personal instructor, I’d like to see additional communication options for students.
Customer Reviews – As with all other online real estate school reviews, the reviews for Career Web School are not all that great. While Career Web School boasts an average user review of 4 stars, I’ve been unable to determine where those reviews are taken from. During my research, it appears their average reviews are far lower than that. This is par for the industry unfortunately and Career Web School is not unique in regards to low reviews.
While I think it is important for you to do your own research when trying to find the best online real estate school, my hope is that the information I provided will help you get a viewpoint from someone who did a ton of research into this. Are those top 3 online real estate schools the ONLY options you have? Absolutely not, but for the sake of my time and sanity, I figured I would give you the top 3 choices I personally narrowed it down to.
Unfortunately, there doesn’t really appear to be an online real estate school that goes above and beyond. They are all basically the same with blocks of text followed by quizzes and exams at the end of each chapter. That’s pretty much the extent of it. If you were hoping for video, graphics, animations, or any sort of interactiveness within’ these real estate schools you’re going to be quite disappointed.
For many of us, we don’t have much a choice. We either need to take our real estate license school requirements online or we don’t get our real estate license at all. While attending a classroom would probably be the best option, those of us who live very busy lives can settle for one of the above options I listed. I’m telling you, there aren’t any better options than I listed above. You can certainly try, but I couldn’t find anything better.
Best of luck to you as you get started with your online real estate school and enjoy the challenge!
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