Serving the Unique Needs of the Senior Market
Did you know that a report issued by Census.gov, An Aging Nation: The Older Population in the United States, notes that “In 2050, the population aged 65 and over is projected to be 83.7 million”? That’s almost double what that population numbered in 2012. This population group’s numbers are rising fast, and that adds up to opportunities for licensees.
The senior market needs the services of real estate professionals who understand its unique real estate needs. Working with seniors comes with some of its own challenges, concerns, and rewards. A comprehensive understanding of the particulars and practicalities of this market segment will equip licensees to serve older adult clients with the respect and honor they deserve.
In this course we’ll explore best practices in addressing the distinctive considerations in the senior marketplace. Course highlights include:
- Senior market stats in the U.S.
- Important financial and lifestyle considerations for older clients
- Seniors and legal competence
- Senior seller and property preparation for listing
- Four significant considerations for older adult buyers
- Potential snags and how to overcome them
- Options in senior adult communities, both traditional and noteworthy
- Housing programs for low-income seniors
- The senior market as a niche
State Requirements For New York
New York State Requirement Details for Real Estate Continuing Education - Broker and Sales License
Renewal Date: Every two years by the exact day of your license anniversary date
Hours Required: 22.5 hours
- 2 hours implicit bias
- 2 hours cultural competency
- 3 hours fair housing
- 2.5 hours ethical business practices
- 1 hour legal matters
- 1 hour agency (2 agency hours for initial license renewal)
- 11 elective hours
New York Department of State
Street Address: One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231
Mailing Address: P.O. Box 22001, Albany, NY 12201-2001
Phone: 518.474.4429
Fax: 518.473.6648