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Graduate REALTOR ® Institute

Graduate REALTOR ® Institute. Creating your online GRI program delivery . Offering your members GRI courses via Distance Education. What is Distance Education? Program feasibility/specifics Can we make any money at this? Course Delivery & partnering with VanEd as your primary provider

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Graduate REALTOR ® Institute

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  1. Graduate REALTOR® Institute Creating your online GRI program delivery

  2. Offering your members GRI courses via Distance Education What is Distance Education? Program feasibility/specifics Can we make any money at this? Course Delivery & partnering with VanEd as your primary provider Opportunity knocks!

  3. Distance Education • Instruction occurs in a setting where the student and instructor are separated by distance and, as defined by many states, time. • Online/Distance Education is popular on account of the convenience and accessibility offered. • VanEd, www.vaned.com, is an online school offering quality distance education for over ten years for real estate professionals.

  4. Questions and Answers for Distance Education • Who sets standards/regulation for real estate courses online? • ARELLO – The Association of Real Estate License Law Officials VanEd is an affiliate member of ARELLO

  5. Distance Education Vs. Traditional Classroom • Is distance learning a credible way to educate?

  6. Distance Education Performance in “Six States” • Over the past year: • broker candidates from correspondence schools had a passing rate approximately five percentage points higher than candidates from traditional schools (based on approximately 700 correspondence candidates and 6700 traditional candidates) • salesperson candidates from correspondence schools had a passing rate of approximately ten percentage points higher than candidates from traditional schools (based on approximately 3500 correspondence candidates and 60000 traditional candidates) • Currently there is no data regarding the success rate for online Continuing Education students. VanEd works closely with our student members to ensure their ultimate success using our advanced LMS, or Learning Management System.

  7. Distance Education Issues • How will a student get a question answered? • How will an instructor interact with the student or vice versa? • Instructors are readily available via email, online Q&As and by telephone! • One of most popular myths in distance education today is that INSTRUCTORS AREN’T NEEDED.

  8. Issues in Distance EducationContinued… • How will a course orientation be administered? • Full course navigation instruction is always available online • How will assessment and evaluation be done? • Student surveys and instructor reviews are required for every course

  9. The Most Popular Delivery Methods

  10. Four Vital Components for Successful Distance Education Technology Marketing Content Compliance Together we create effective strategies in each of these areas

  11. The Economics of DECan I Make Any Money At This? • What are providers charging? • CE Courses - $10 per clock hour (Typical 3 to 4 hour course.) Some providers are offering discount education as low as $4.50 per hour. • Prelicense - $5 per clock hour of instruction (Typical 60 hour course. On average, the higher number of hours, the lower the price.)

  12. The Economics of DECan we make money at this? • What will it cost to develop a distance education course? • Depends on the delivery method • Approximately $13,000 per clock hour of instruction for automated courses. • Costs decrease relatively for subsequent courses. • Development costs should include considerations for the LMS (Learning Management System).

  13. The Economics of DECan we make money at this? • Should I be a secondary provider? • Do you have financial capital? • Do you have skilled employees that can fulfill multiple roles within the organization? (e.g. Programmer, instructional designer and network engineer, and artist.) • Secondary providers are sometimes required to follow the same rules as primary providers

  14. Partnering with an online provider can help youMake Money At This! • VanEd becomes primary provider • Dramatically or eliminate your initial expense • Content can be leased to reduce development costs • Marketing can be done online/email • No school necessary! VanEd will become the school that you partner with to deliver the highest quality education available!

  15. Steps to Success - Working Together • VanEd helps to turn your GRI content into online courses • Design Courses are designed to meet your associations highest standards. • InstructionYou determine who will instruct your GRI courses online • Delivery Courses are delivered via the internet through either direct student access or a link on your association web site

  16. C.A.P. • Cooperative Action Plan • Build new courses? • License the use of existing courses? • Lease course content from another program? • How many/often do we build a new course? • Marketing and administration • This is a Custom program built together

  17. Next steps • Create a strategic education partnership • Create C.A.P. (Cooperative Action Plan) • Create online access point/portal • Deliver quality education to the members!

  18. Van Education Center Online at www.vaned.com Email us griinfo@vaned.com Graduate REALTOR® Institute Contact us today for your comprehensive GRI delivery analysis. We are here to help!

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