September 5th, 2019 12:45 PM by Eric Willner
Radio Show Notes 9/2/19 Back to School! Real Estate Learning Is A Four-Step Process
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate
It’s that time of year again – Back to School! Kids are going back, and it’s also your chance to go back too! However, learning Real Estate can be challenging, even for the brightest and most motivated students. So as a means of better understanding the processes involved in this mode of study, this edition of The Real Estate Show outlines key components of four key stages to learning, especially how most real estate investors do, through self study or Real Estate learning. Real Estate learning goes thru four stages: being ready to learn, setting learning goals, engaging in the learning process, and evaluating learning.
Step 1: Assess readiness to learn Real Estate
Students need various skills and attitudes towards learning for successful Real Estate study. This step involves students conducting a self-evaluation of their current situation, study habits, family situation, and support network both at school and at home and also involves evaluating past experiences with Real Estate learning. For a detailed Learning Skills Assessment Tool, GET our Real Estate Readiness to Learn Tool by contacting us at www.AutomaticLandlord.com . Signs of readiness for Real Estate learning include being autonomous, organized, self-disciplined, able to communicate effectively, and able to accept constructive feedback and engage in self-evaluation and self¬-reflection.
Step 2: Set learning goals
We have found that communication of learning goals between a student and the advising instructor is critical. We've developed a set of questions for students to consider as they map out their learning goals: our Automatic Landlord Planning Decision Guide. Also critical in developing a clear understanding of learning goals between students and instructors are learning contracts. Learning contracts generally include:
• Goals for the unit of study – What are you going to learn?
• Structure and sequence of activities
• Timeline for completion of activities
• Details about resource materials for each goal
• Details about grading procedures *(Who grades YOU?)
• Feedback and evaluation as each goal is completed
• Meeting plan with the advising instructor
• Agreement of unit policies, such as a policy on late assignments
Once created, contracts should be assessed by the Advisor and questions about feasibility should be raised (e.g., What could go wrong? Is there too much or too little work? Is the timeline and evaluation reasonable?). Who do you have as an advisor, mentor?
Step 3: Engage in the learning process
Students need to understand themselves as learners in order to understand their needs as Real Estate learning students — referring students to our resource on learning preferences may be helpful. Students should also consider answering the following questions:
• What are my needs re: instructional methods?
• Who was my favorite teacher? Why?
• What did they do that was different from other teachers? Students should reflect on these questions throughout their program and substitute “teacher” with “advising instructor”
Students also need to understand their approach to studying:
• A deep approach to studying involves transformation and is ideal for Real Estate learning. This approach is about understanding ideas for yourself, applying knowledge to new situations and using novel examples to explain a concept, and learning more than is required for unit completion.
• A surface approach involves reproduction: coping with unit requirements, learning only what is required to complete a unit in good standing, and tending to regurgitate examples and explanations used in readings.
• A strategic approach involves organization: achieving the highest possible RESULTS, learning what is required to DO DEALS, memorizing facts and formulas, and spending time practicing from past experience and case studies.
Earlier academic work may have encouraged a surface or strategic approach to studying. These approaches will not be sufficient (or even appropriate) for successful Real Estate study. Real Estate study requires a deep approach to studying, in which students must understand ideas and be able to apply knowledge to new situations. Students need to generate their own connections and be their own motivators.
Step 4: Evaluate learning
For students to be successful in Real Estate learning, they must be able to engage in self-reflection and self-evaluation of their learning goals and progress in a unit of study. To support this self-evaluation process, they should:
• regularly consult with the advising instructor,
• seek feedback, and
• engage in reflection of their achievements, which involves asking:
o How do I know I’ve learned?
o Am I flexible in adapting and applying knowledge?
o Do I have confidence in explaining material?
o When do I know I’ve learned enough?
o When is it time for self-reflection and when is it time for consultation with the advising faculty member?
Responsibilities in the four-step process
Successful Real Estate study requires certain responsibilities or roles of both students and advising faculty members. The following is a brief list of the more important roles. It is useful for both students and advising faculty members to periodically review this list and communicate as to whether each feels the other is fulfilling their share of the responsibility.
• Self-assess your readiness to learn
• Define your learning goals and develop a learning contract
• Monitor your learning process
• Take initiative for all stages of the learning process — be self-motivated
• Re-evaluate and alter goals as required during your unit of study
• Consult with your advising instructor as required
Advising instructors’ roles
• Build a co-operative learning environment
• Help to motivate and direct the students’ learning experience
• Facilitate students’ initiatives for learning
• Be available for consultations as appropriate during the learning process
• Serve as an advisor rather than a formal instructor
So in conclusion, Real Estate learning goes through four stages: being ready to learn, setting learning goals, engaging in the learning process, and evaluating the learning. Being aware of the 4 steps makes a difference. So does listening consistently to our show. Why not listen in to the whole story, EVERYDAY, and stay tuned daily to The Real Estate Show with Eric Willner for more!
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Then check out these EXTRA cool resources:
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MackBuysHouses.com for a fast cash offer on Real Estate
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MackBargainHouseHunters.com to Partner on Real Estate Deals
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
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