Program is the first of its kind, providing financial, educational, and career support for aspiring Black real estate agents to help them achieve high-production success
SAN FRANCISCO, CA – FEBRUARY 9, 2021 – HomeLight, the real estate technology platform that empowers people to achieve better outcomes when buying or selling their home, announced today the launch of the Black Real Estate Agent Program in partnership with the National Association of Real Estate Brokers (NAREB), the largest and oldest minority professional real estate trade association in the United States. The HomeLight-NAREB Black Real Estate Agent Program — the first program of its kind in the United States — will provide financial, educational, and career support for aspiring Black real estate agents across the country, helping them achieve high-production success.
According to the latest U.S. Census Bureau data, Black Americans represent less than 6 percent of all real estate professionals. The HomeLight-NAREB Black Real Estate Agent Program will seek to increase the number of top-producing Black agents in real estate, with the ultimate goal of helping improve the rate of homeownership for Black Americans across the country.
As part of the program, HomeLight and NAREB will help cover many of the onboarding costs for new agents up to $5,000, including pre-licensing classes, agent exams, and select marketing and technology needs. Each program participant will be paired with an experienced NAREB Realtist who will serve as a mentor and advisor. Participants will also receive ongoing training and education above and beyond that which brokers typically provide.
“Our goal is to drive sustainable, structural change by increasing access to job opportunities as well as education around how systematic racism has impacted the real estate industry,” said Sumant Sridharan, Chief Operating Officer at HomeLight. “We’re excited to partner with NAREB to offer this program to aspiring Black real estate professionals. Together, we believe we can fundamentally shift diversity and equality in our industry by increasing access to training, education, and support for Black real estate agents.”
“NAREB applauds and welcomes the partnership with HomeLight. Our association’s goal to achieve Democracy in Housing cannot be reached without the increase in the ranks of Black real estate professionals. Agents are the frontline and introduce homeownership to prospective clients. We are confident that this new program will not only equip Black American program participants with the knowledge and practical experience to become top producers in their communities, but also significantly expand Black homeownership in their communities,” said Lydia Pope, President-Elect at NAREB.
Applications are open immediately. HomeLight and NAREB are actively seeking aspiring Black real estate professionals who are:
● Between the ages of 18 and 35
● Interested in a career in real estate, but not currently established as an agent
● Willing to work with a NAREB broker during at least their first year in real estate
● Committed to spending five to ten hours per week working with mentors or on continuing education
● Located anywhere in the United States
“In the aftermath of the racially stoked unrest in 2020, NAREB and HomeLight formed a working partnership to increase the number of Black Americans in the real estate profession. This initiative works to close the income and racial wealth gap in the industry. As important, our efforts are designed to increase Black homeownership. Together, we’re holding open the door that would otherwise remain closed to Black professionals and consumers,” said Antoine Thompson, National Executive Director for NAREB.
For more information and to sign up, visit https://www.homelight.com/black-agent-program.