All Inclusive Package with Bonus Material!
For those taking the managing broker real estate exam, we have all the new courses that you need! We have been providing pre-license courses to real estate professionals for over 35 years and are committed to helping you reach your goal of becoming a Real Estate Managing Broker. Our 90-hour package includes the required 30-hour Broker Management, 30-hour Business Management, and 30-hour Advanced Law courses.
We provide professional learning tools for the managing broker students, preparing to advance their career. Our course contains the essentials of real estate principles, law, and practices taught in real estate schools and colleges across the country, including all those fundamentals that real estate educators, practicing professionals, national testing services, and state licensing officials agree are necessary for basic competence. Once up and running we are not going to leave you behind. Students get a live conference call covering exactly how to pass the exam, following your coursework. Our company slogan is Education Made Easy. That is exactly what you will get.
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As preparation for the Managing Broker exam we"ve got you covered:
1.Washington Real
Estate License Exam Prep course with lots of practice questions.
2. Live Instructor cram preparation. Don"t miss it! This is a huge advantage to you, ensuring your success in passing the exam the first time. Our instructor will walk you through all the material and save you time by telling you exactly what to study. Passing the exam then becomes easy.
We provide you the extra material you need. Your success is our success.
Real Estate Business Management (30 hrs), Advanced Real Estate Law (30 hrs) and Real Estate Brokerage Management (30 hrs)
Study Material:
Upon completion of this section, the student should be able to do the following:
Discuss the need for ethical practices when operating a service business.
Identify five standards of practice that relate to “ethical” business practice.
Compare and contrast how varying degrees of adherence to ethical standards can affect a business.
Welcome to the critical exploration of Business Ethics in real estate management. As you progress toward becoming successful managing brokers, it is essential to recognize that the foundation of a robust and reputable business hinges not just on financial acumen or strategic planning, but on the unwavering commitment to ethical conduct. This section is designed to deepen your understanding of the pivotal role that ethics play in shaping the practices and the perception of your service business.
In the dynamic and often high-stakes world of real estate, managing brokers must not only steer their operations towards profitability but also ensure that their business activities foster trust, integrity, and accountability. Ethical business practices are the cornerstone of sustainable success and client satisfaction—two crucial elements in any service industry.
The real estate market in Washington, with its diverse clientele and varying market conditions, demands a nuanced approach to ethical decision-making. As professionals tasked with leading teams and representing the interests of both your brokerage and clients, it is your ethical compass that will guide you through complex transactions, negotiations, and interactions that are inherent to this industry.
Understanding and cultivating a culture rooted in ethical behavior will not only elevate your professional standing but will also build a legacy of credibility and respect that extends beyond individual transactions to impact the broader community.
As we delve into this vital aspect of real estate business management, we will tackle the need for ethical practices, zeroing in on five standards that exemplify ethical business conduct. By dissecting these standards in detail and analyzing their application, you will be able to discern the virtues of ethical adherence and the repercussions of ethical lapses within your business operations.
The thread of ethics is woven through every part of the service interaction in real estate—from the moment a potential client steps into your office, to the meticulous details of contract negotiations, all the way to the handshake that marks the successful close of a deal. A strong ethical framework is not only your professional responsibility but is also directly linked to the reputation and long-term prosperity of your service business.
This section is more than just a set of guidelines. It is a reflective exercise that will challenge you to scrutinize your personal values, assess your business practices, and invigorate your leadership approach in fostering an ethical work environment. As we progress through this facet of the course, you will be equipped with the principles, strategies, and insights necessary to operate your service business in a manner that honors the trust placed in you by clients, employees, and the industry at large.
Ethical practices are vital to service businesses, particularly in real estate, where transparency, trustworthiness, and stewardship shape every interaction with clients, partners, and the community. As a future managing broker, your commitment to ethics sets a tone that echoes through each layer of your organization, influencing the behavior of agents and the satisfaction of clients. It’s not merely about abiding by regulations; it’s about creating a culture that values moral principles and consistently places the greater good above individual gain.
Consider the journey of buying or selling a home—an emotional and significant financial milestone for most. Clients entrust managing brokers and their agents not only with sensitive information but also with the hope of achieving a dream or securing an investment. A managing broker’s dedication to ethical practices solidifies that trust, forming the bedrock of lasting relationships and the successful growth of the brokerage.
Imagine constructing a home where each brick represents an ethical decision or action. The mortar holding these bricks together is the trust you cultivate with clients. Compromising on ethical practices is akin to weakening the mortar; eventually, the integrity of the house—and consequently your business—may crumble. Building and sustaining an ethically run business ensures a strong, reliable structure capable of weathering any storm.
Consider two hypothetical managing brokers, Alex and Taylor. Alex prioritizes quick sales and profits above all else, sometimes bending rules or overlooking questionable practices. Taylor, on the other hand, places ethics at the forefront, providing honest advice, even if it means advising against a purchase that isn’t in the client’s best interest.
Over time, Alex’s brokerage experiences high agent turnover, lawsuits, and damaged reputation—resulting in financial loss and mistrust among clients. Taylor’s business flourishes with repeat clients, referrals, and a positive standing in the community, highlighting how ethical practices correlate directly with success and sustainability.
In Washington state, where the real estate market is as complex as it is competitive, an indisputable ethical reputation becomes a differentiator. As managing brokers, you will navigate unique scenarios—like bidding wars and market fluctuations—where your ethical approach will safeguard your clients’ interests and define your legacy in the industry.
As the leader of your brokerage, your ethical stance sets a precedent. When you demonstrate integrity in nuanced situations—be it disclosing a conflict of interest or ensuring equitable treatment in multiple-offer scenarios—your team follows suit. Your ethical leadership is a catalyst for a culture of honesty, fairness, and responsibility—a culture that attracts top talent and instills confidence in consumers.
As you reflect on the necessity of ethical practices within your service business, remember that ethical conduct is more than a legal imperative; it is the gold standard of professional excellence. It is about doing the right thing, for the right reasons, at the right time. Embracing this principle will not only elevate your service business within the Washington real estate industry but also contribute to a legacy of trust and reliability that will endure for years to come.
In the next segment of our Business Ethics exploration, we will identify the five standards of practice that underpin "ethical" business conduct, equipping you with actionable benchmarks to ensure your brokerage exemplifies integrity at every turn.