Success Real Estate School Opens Branch On Gunbarrel Road

Established in Memphis in 1992, Success Real Estate School has opened its seventh location in Chattanooga, joining its other locations in four states: Memphis and Nashville, Huntsville, Atlanta and Little Rock and Rogers, Ark.

 

Success Real Estate School is now the second real estate school to enter the Greater Chattanooga education market, giving career choices for those interested in pre-licensing, broker management and Georgia post license courses.

Led by practicing real estate brokers in the area, it also provides classes to fulfill license requirements to become a real estate agent as well as offers continuing education classes for licensed real estate agents.

 

“Business is good,” said Von Richcreek, general manager of Success Real Estate School, who is overseeing operations and marketing initiatives in four states, while also maintaining his role as director of its Nashville school. “We anticipate our company enrollment to continue to go up at a steady pace.”

 

The more than 1 million-member National Association of Realtors experienced a steady increase in Tennessee memberships between 2013 and 2016. In 2013, membership increased from a year prior by 5.06 percent; in 2014 by 7.94 percent, and in 2015 by 6.69 over a three-year period. To date, comparing month-to-month for October 2013 to October 2016, the percentage of membership change was 24.16 percent.

 

Mr. Richcreek said, “Companywide, Success Real Estate School has seen its classrooms packed with would-be real estate agents, during the frenetic days of the real estate boom, who hoped to cash-in on the dizzying upward spiral of home prices. Classes that once drew 60 students shrank to barely a 10th of that during the recession, but have since bounced back to an average of 30 or so.”

 

He said another recent survey trend is that more, younger realtors are entering the real estate industry. According to the 2016 National Association of Realtors’ (NAR) Member Profile, survey results report that the median age and years of experience of realtors has decreased as new and younger professionals enter the industry. Realtors’ median age decreased from 57 in 2014 to 53 in 2015, the lowest it has been since 2008 when the median age was 52.

 

Additionally, in a past 2015 NAR report, 41 percent of members were more than 60 years old, while only 2 percent were under age 30. In 2016’s NAR report, the percent of Realtors® over 60 years old dropped to 30 percent, and the number of those younger than 30 years rose to 5 percent. Thirteen percent of members who have two years or less experience are under 30 years of age.

 

“The media age of realtors is younger than in the past because more people entered the real estate profession this year (2016) than in past years, with 20 percent of members reporting one year or less of experience,” said 2016 NAR president Tom Salomone, broker-owner of Real Estate II, Inc. in Coral Springs, Fla.

 

“Success Real Estate School is experiencing these trends as we expect other real estate schools are also across the country,” said Susan Barnette, broker and director of its Chattanooga school. “It is exciting to have young, fresh perspectives enter our real estate industry.”

 

Changing a career can be daunting, added Ms. Barnette. “We understand change takes courage. And we also know how to make a career change a smooth one by assisting in the selection of the right state-certified courses to fit our students’ schedules from taking courses in the classroom, at home, or online as well as preparing our students to pass the state license exam.”

 

Success Real Estate School is located at 1510 Gunbarrel Road, Ste. 200. It serves the Greater Chattanooga area in and around Bradley, Hamilton, Meigs and McMinn counties, along with Catoosa, Dade, Walker and Whitfield counties in Ga. For further information, call (423) 296-1448, or visit online at www.successrealestateschool.com.

 

The National Association of Realtors is America’s largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries. Its survey results account for about half of all active real estate licensees in the United States. realtors go beyond state licensing requirements by subscribing to NAR’s Code of Ethics and standards of practice and committing to continuing education.