Updated Professional Development Course — Economics for REALTORS®: Why You Should Incorporate Economics into Your Practice

In today's competitive market, staying ahead of the curve regarding economic trends is crucial, especially for REALTORS^®. As real estate is so intertwined with the broader economy, REALTORS^® who understand how to analyze and apply economic trends can incorporate this knowledge into their practice and help their clients make more informed decisions.

With this in mind, BCREA has the Economics for REALTORS^®: How to Apply Economic Data and Trends to Help Your Clients course, which has been updated with fresh, updated graphs and information about:

• Inflation and home price expectations,
• Government bond yields and mortgage rates,
• Mortgage rates and home prices,
• Impact of government policy on unit sales, and
• Active listing and home supply ratios.

“REALTORS^® can benefit from gaining general knowledge on how the real estate market interacts with the broader economy,” says Brendon Ogmundson, BCREA Chief Economist and course author. “The course is interactive and uses real-world data they can directly relate to their profession.”

(BCREA Access login required)

What's in it for REALTORS^®?

This online self-paced course is worth two PDP hours and discusses economic factors that affect housing supply and demand, the impact of government policies on real estate markets, and refers learners to reports that provide up-to-date information. By the end, learners will be able to:

• Describe how changing supply and demand impact home prices,
• Analyze the impact of government policy on prices and housing affordability,
• Describe various measures of housing supply, and
• Apply market metrics, like the sales-to-active-listings ratio, to gauge the direction of home prices.

The primary goal of this course is to enhance the standard of professional competency in how REALTORS^® assist their clients and protect their best interests during the home buying or selling experience, particularly in economics.

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