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New York

PropertyShark officially launches university program

PropertyShark, the real estate data Web site, today officially launched its continuing education program, PropertyShark University, and associated Web site, PropertySharkUniversity.com.

Upcoming PropertyShark classes cover short sales, distressed properties, and real estate certification.

“It’s
an ideal time to launch this, especially with distressed property,”
said Bill Staniford, CEO of PropertyShark. “Right now in [this] market
environment … it’s critical that people become aware of these kinds of
things.”

The classes will be held at the center owned by test preparation
giant Kaplan in the Financial District, and PropertyShark plans to begin
teaching classes in Queens and Brooklyn in the near future. The company may start online classes in 2009, Staniford said.

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Many
of the students are already agents, he said, but they “have understood
brokerage in boom times, and they’re really trying to get some
information — how do they act in this kind of environment?”

Staniford
said half the classes, which the company has so far tried to cap at 40
people, have been sold-out so far, and most are 75 percent full.

Real estate salespeople are required to complete 22.5 hours of
accredited real estate continuing education classes within two years
before renewing their license. The Real Estate Board of New York, the Real Estate Academy for Continuing Education, and other programs offer similar courses.

PropertyShark has been offering a foreclosure class for about a year and received accreditation from the state to teach broker continuing education classes in mid-June, said Brian Scully, vice president of marketing at PropertyShark. The company spent the summer teaching each class at least once to develop the offerings, he said.