Why Choose Colorado Real Estate School, LLC?
A Q&A with co-founders Ed Fronheiser and Jon Farnlof
Q Why Did You Start Colorado Real Estate School?
Ed: Jon and I started Colorado Real Estate School because we felt that there was not a single real estate school in Colorado taking full advantage of the latest Internet technology. We believed that this placed students at a tremendous disadvantage. We knew that these technologies could not only create a truly superior learning environment, but the development was faster, therefore it could be done at a lower cost than schools with older technology. We passed the cost savings on to the students. Its the classic American story - create a better product at a lower price.
Q How Is Your Techology Different Than Other Schools?
Jon: We developed our classes using streaming video technology on an advanced T2 content delivery platform. This allows us to replicate the classroom environment by bringing instructor-led classes into the home. Prior to the development of Colorado Real Estate School, the standard instructional technology was nothing more than to offer a glorified correspondence course. Hundreds of pages of dry law text transcribed onto a web page with test questions. Read - Fall Asleep - Wake-up - Read Some More - Take A Test. As long-time educators we felt this approach was not the best choice with the the amazing tools available to internet developers.
Q Got Something Against Reading?
Ed: Laugh...not really. We provide text manuals to all of our pre-license students. Our students can decide to learn a topic by taking a recorded class, reading about it in a book, or both. It's their choice. We believe that individual students know best how they learn. Giving students multiple learning paths provide them the best opportunity for success.
Q Yet Some Of Your Competitors Advertise High Pass Rates on the State Test
Jon: We've got a great pass rate ourselves, but we know that really doesn't tell the whole story of how effective a school is at educating students. A pass rate only tells you the rate at which students who pass the school's final exam, pass the State exam. Years ago we had a school in Colorado that had one of the worst pass rates in the State. They instituted a extremely difficult test that students had to pass to graduate. Overnight their pass rate became one of the best in the state. I think it unlikely they became better teachers overnight; but I do believe they became great at eliminating students unlikely to pass the State test. We refuse to treat our students in this way. This is why we have worked so hard to invest in the types of technology that enable us to provide an innovative and flexible edicational approach. Coupled with excellent support, we don't have to rely on questionable statistics to prove we are good. Students can take the 5 day free trial, or watch a sample and see the quality for themselves.
Q Is This A Bad Time To Start A Career In Real Estate?
Jon: Absolutely not! Agents involved in the foreclosure market, property management, or who's focus is on buyers are doing great. As far as buyers are concerned, everything is on sale. There are numbers of investors building substantial portfolios of properties who are perfectly happy to buy properties on sale, rent to maintain cash flow, then make a killing when the market turns, which it always does. There is not a twenty year period, including the depression, in US history where real estate has not gone up beginning to end. Where some people see panic, others see opportunity. Our future real estate milionaires are taking their first steps now. Successful agents are smart enough to recognize where market activity exists and focus their careers where the money is.
Q Where Are You Taking The School Next?
Ed: Our big development push is creating a library of continuing education classes for licensed agents. In addition, license laws are always changing so we have constant maintenance on our existing classes to ensure they remain current. We have also had some inquiries about taking the school into other States either in its present form, or licensing our education platform to schools that do not have an online presence. Its gratifying that professionals in the real estate education industry are taking notice of what we've accomplished.
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