Getting your Illinois real estate license can be a lucrative endeavor due to all the opportunities available. However, it can be difficult to decide which real estate school will be best for you and your learning style. Our Real Estate Institute review can help you decide whether they are a good choice for getting your license.
Overview Of Real Estate Institute
Real Estate Institute was founded in 1992. Since their inception, they have worked with over 150,000 students to help them get licensed. This has allowed them to have a great deal of experience with a wide range of people. Because of this, they are familiar with all kinds of learning styles and personality types.
From the beginning, they have been focused on helping students achieve their success in the industry. They have never been interested in just getting people through the classes in order to turn them around. Because of this philosophy, they have fostered an environment of loyalty with the people they teach.
The president of Real Estate Institute, Larry Toban, has been heading up the business since 2004. Before that, he was working with his parents, who founded the school, to create the technological focus. This was unique and innovative at the time and he has continued to push the boundaries of education technology.
More recently, Real Estate Institute has moved into professional education in other industries. This includes things like mortgage, law and insurance, to name a few. However, their focus remains on the real estate business and that is their main area of expertise.
Real Estate Institute has been in business for almost 30 years now. Because of this longevity, they have a proven track record of working with students and helping them achieve their goals. More time in an industry is always a good indication that a real estate school is doing something right.
Because of this longevity, they also know the Illinois real estate market backwards and forwards. They are in the unique position of knowing the ins and outs of the state and what that means for you. As a student, you can benefit from this knowledge through their curriculum and instructors.
The real estate market is notoriously fluid and has many ups and downs as well as trends. Because Real Estate Institute has been in the business for so long, they have seen it all. They understand that things change and they know how to adapt to this and teach you how to as well.
If you are looking for a school in Illinois that has been able to stick with a market, they’re a great choice. Their years of experience means that they have seen trends come and go and know how to change with them. This means that they can impress upon you the best ways to adapt to a fluid industry.
Real Estate Institute Teaching Style
The style of teaching at Real Estate Institute is based on evaluating students’ needs. Because they have been in the business for so long, they understand what people are looking for. They are able to tailor their curriculum to be engaging and interesting to all kinds of people.
They also understand that people want their courses to be comprehensive. This has directed them to pack as much pertinent information into their classes as they possibly can. By having this combination of accessibility and completeness, you get a well rounded experience.
Their instructors are trained to be talented and engaging lecturers. Many of Real Estate Institute’s former students have said that they are on par with a 4-year college. This is a fantastic feature that not all real estate schools can boast of. By maintaining this standard, you can be sure that you are getting a quality education.
By combining years of experience with an engaging teaching philosophy you get the best of both worlds. Informative instructors allow you to retain information and do better on the state and national exam. This is a real “best of both worlds” type of teaching style that is hard to come by in real estate education.
In-Depth Look At Real Estate Institute
The instructors at Real Estate Institute are not only teachers, they also work in the business. Many of them have been working in Illinois real estate for many years. Because of this, they have an in-depth understanding of what it takes to be a success in real estate.
They also have an emphasis on their instructors being passionate about their work. This passion has an infectious quality that, in turn, makes you passionate about it as well. There is no better way to learn than from someone who loves what they do for a living.
By working with instructors who also work in the industry, Real Estate Institute has a unique take on education. These instructors can give you a hands-on education about what the industry is like. They can also keep you up to date with the most cutting edge trends and techniques for selling real estate.
Many of their instructors are also on governing bodies related to Illinois real estate. Some are also owners of brokerages that work with a wide variety of real estate brokers in Illinois. This presents an opportunity for you to make connections in the business as you are getting your real estate license.
Real Estate Institute Course Options
Real Estate Institute offers a few different tracks toward getting your real estate license. Depending on what your needs are and what your schedule is like, you can choose which one works best. This flexibility is a great feature for people who have a lot going on in their lives like jobs and families.
They offer options that can get you a license in 2 weeks, 8 weeks or at your own pace. If you are anxious to start, it’s a nice option to be able to finish in a short period of time. If you have the time to start this fast track, you could be a real estate broker in a matter of weeks.
You can also choose to take courses online in a webinar format, or in person. Having these options is a fantastic feature for anyone who is getting their license on the side. Not everyone has the ability to go to a classroom on a regular schedule.
With so many tracks and formats available, Real Estate Institute has something that will work for everyone. This makes them a great choice for a wide variety of students. No matter what your schedule is like, they have something that will fit with it and will work for you.
Real Estate Institute also has many resources available for their students. Taking advantage of these resources can be a major help to anyone getting their license. Any extra help can give you a leg up on the road to success in your new real estate career.
Real Estate Institute offers exam prep for a small extra fee. This exam prep will help you feel more comfortable when the time comes to take the state and national exam. Confident test takers tend to do much better, so if you want to be prepared, this could be a good choice.
They also offer a blog on their website that is full of helpful information and tips regarding real estate. Any new broker will want to browse this section and get the benefit of their years of experience. It is regularly updated and covers a lot of helpful topics in the Illinois real estate industry.
One of the most helpful resources they offer is financing. Many real estate schools do not offer financing on their tuition fees. Since Real Estate Institute does offer this, you can pay for your courses in installments. This is a great feature that opens up real estate education to a wider range of people.
Real Estate Institute Pricing
Directed Track Package
Real Estate Institute’s Directed Track Package is a 5 or 8 week program for broker pre licensing. This package will fulfill the required 75 hours of education needed in the state of Illinois. It’s a good option for anyone who has the time to spread their hours out over the course of several weeks.
This package can be taken in either morning or evening schedules. This open availability makes it perfect for people who have other full time jobs or responsibilities. Since this is very common for aspiring brokers, it is a great option for Real Estate Institute to have.
This package comes in at just under $630. While this is not a small amount of money, it is attainable for a wide variety of people. Many real estate programs cost upwards of $1,000, so for this price, it is in the middle of the spectrum.
You can choose to attend this course package either online or in person. If you do not have the ability to get to a location on a set schedule, the live webinar could be a good alternative. This leaves the package open to many different types of students.
Fast Track Package
Real Estate Institute’s Fast Track Package is perfect for students that are in a hurry to get started. It is a crash course type of program that is finished in just 2 weeks of all day classes. If you are anxious to get going in your real estate career, this could be a great choice.
This package comes in at just under $630. Because it is so intensive, it is recommended for students that feel they can handle the fast pace. If you are not as confident academically as you could be, you might want to look elsewhere.
The courses are taken over the course of 2 weeks with 6 live classes that are done all day. This course is comprehensive and very straightforward. It will teach you the basics of real estate quickly and efficiently.
Getting 75 hours worth of real estate education in 2 weeks is a full time job. If you have a job already or other responsibilities, it may not be the program for you. However, if you are academically inclined and have the time in your life, it could be a great option.
Flex Path Package
Real Estate Institute’s Flex Path Package comes in between the other two at just under $600. This package is designed for people who want to take their courses on their own time. If you are getting your license on the side, you may want to consider this option for your education hours.
This package can be taken over the course of however many weeks or months you want. It begins with a self study course that you will complete on your own with additional instructor help. Then, you can attend classes live or in the webinar format at your own pace.
Not all real estate schools allow you to combine this type of self study with the live courses. With this package, you really get the best of both worlds. Many students find that they benefit from being able to combine these two formats in their real estate education.
Although this format is largely self-guided, you will still be prepared for the state and national exam. Depending on what type of learner you are, you may even respond to this format better than the live one. This is why it is incredibly important that you know how you learn best and how you respond to educational curriculum.
Pros And Cons Of Using Real Estate Institute
- Longevity – Being in business for nearly 30 years, Real Estate Institute has seen a lot of students come and go. They have leveraged this experience into a specifically tailored curriculum that works for everyone.
- Flexible Packages – The course packages at Real Estate Institute are incredibly diverse and flexible. Being able to choose how long it takes you to get your license in Illinois is a major plus. Not everyone has the ability to dedicate a full 2 weeks to their real estate education.
- Experienced Instructors – The instructors and staff at Real Estate Institute work in the business as well as teach. This allows them to know how to best teach new students and get them on the right path to licensure. If you want the benefit of real world experience, they could be a great choice.
- Financing Option – Not all real estate schools offer financing for their tuition. The fact that Real Estate Institute does is a major plus for all kinds of students. One of the barriers to education is cost, so this is something that opens them up to a wide variety of people.
- No Pass Rates – Real Estate Institute does not publish their student pass rates on their website. Because of this, it is difficult to know how many people actually passed their courses and the exam. If you want to have this information before beginning, you may want to look elsewhere.
- No Guarantees – Many real estate schools offer guarantees where you don’t pay tuition if you don’t pass. Real Estate Institute does not have this guarantee. If you feel that you want that insurance along with your education hours, a different school may be the right choice. (If you want a real estate school in Illinois with the best guarantee, try Real Estate Express.)