About theAustin Institute of Real Estate
Wayne and Lynn Morgan, co-owners of the Austin Institute of Real Estate, purchased the school in July 1989. Using their experience and expertise in real estate sales, management and training, they became owners who understood what agents needed to be successful in the business because they personally listed and sold properties, managed a large real estate office, both became brokers and also invested in real estate. So they just didn’t talk about real estate. They have actual experience in many aspects of real estate.
They realized that the Texas Real Estate Commission requires agents to learn the technical information about real estate, i.e. Principles of real estate, contracts and agency, which are very important; however, buyers and sellers require you to have an additional set of skills. Sellers and buyers are not as concerned about you knowing the difference between accretion and erosion, or the difference between condemnation and eminent domain. Sellers want to know how you are going to market their property, can you negotiate on their behalf and are you worth the commission you charge.
Knowing this, Wayne and Lynn initially worked in their business, creating and teaching courses that would help agents be a success in the business rather than just helping them pass the State Examination. The Austin Institute of Real Estate became more than just a licensing school. It became the Business School for Real Estate Pros and from its inception taught classes for the professional development of its students.
"It is our belief that the more successful we can make our students, the more successfull we will be. As agents become productive and successful in building their business, they honor us with their patronage and come back to us for their renewal, continuing education, personal development and coaching courses. It's truly a win-win situation."
Lynn Morgan, co-owner
Austin Institute of Real Estate
The Austin Institute of Real Estate continued to grow and expand their course offerings. They added online courses and partnered with Texas State University in San Marcos to offer correspondence courses which they now offer across the state of Texas.
In 2005, Angie Shipe became the General Manager of The Austin Institute and is in charge of daily operations of the school.
In 2006, we purchased a building which was totally renovated and expanded and is the current Austin location for the school at 8828 Research Blvd.
Our market share of live courses continued to grow. From April 2007-April 2008, The Austin Institute of Real Estate averaged a 95% market share of live students in the Austin area based on Texas Real Estate Commission live core enrollment statistics of the Austin Real Estate schools that report to TREC.*
Co-owner Wayne Morgan continues to teach Marketing, Business Building and Investing courses throughout the year. In addition, he offers a Business Building and an Investing coaching program once a year for those people who want to take their business and investments to a whole new level.
We feel very grateful to the brokers and managers in the Austin area who continue to refer their people to us. We also are grateful for a great staff who are our team members and do an incredible job of counseling our students through the licensing process and beyond.
And of course, we continue to be grateful for our terrific team of instructors, who actively list, sell, have build their businesses and who are willing to share their expertise and experience with our students.
*The statistics are available from the TREC education department. Note: Colleges and Universities do not report to TREC and are not included in these statistics.