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"What a super tool for any real estate professional. I am a big fan already and will be spreading the word to our associates!
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- Jack Dugger
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First American Residential Group Forms Strategic Alliance with RealtyUAlliance Aimed at Further Development of Educational and Training Offerings for Real Estate ProfessionalsAliso Viejo, CA, Oct. 3, 2005 — First American Residential Group, Inc., a member of The First American Corporation (NYSE: FAF) family of companies, announced today that it has entered into a strategic alliance with The RealtyU® Group, the nation’s largest network of real estate schools, with more than 200 locations in 40 states.Under the arrangement, First American will market the RealtyU companies and work with the group to develop education and training offerings for real estate professionals. RealtyU students will also learn about and have access to the various products and services First American offers the residential real estate industry, including title insurance and settlement services, transaction management and more. “Education is the cornerstone of growth and progress in our industry,” said Stephen C. Roney, president and chief executive officer of First American Residential Group. “With the real estate business in the midst of significant change and restructuring, education has not only increased in importance but also plays a critical role in preparing both existing and new real estate professionals for the ever-changing future. Our alliance with RealtyU supports this ongoing effort.” Collectively, the RealtyU Group of companies last year taught more than 305,000 real estate professionals in classroom settings and 32,000 real estate professionals through online courses, offering a variety of 500 different courses, including licensing, continuing education, designations and skills-based training. Through its real estate mentoring subsidiary iSucceed Inc., RealtyU also guides thousands of real estate professionals every year to profitability by providing access to its unparalleled repository of knowledge, tips, tools and shortcuts. “Both companies are deeply rooted in helping brokers and agents,” said Stefan Swanepoel, chief executive officer of The RealtyU Group. “While First American specializes in providing real estate data and technology, RealtyU focuses on education. Both companies provide information to help successful real estate professionals operate effectively. The synergies between the two companies are abundant and we are impressed with First American’s solid commitment to supporting the real estate industry.” “The real estate industry is going through significant change, and with all the new business models available today, education is more important than ever before,” said Bill Shue, president of the RealtyU Group. “Many large brokers recommend our services and educational tools to their agents as a supplement to the in-house training they already provide. Involvement in real estate is no longer a second default career, but is increasingly becoming a first career choice for young, well qualified people.” |
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