Providing financial, educational, and career support for aspiring agents.
HomeLight and NAREB created the Black Real Estate Agent Program™ to improve the rate of homeownership for Black Americans. According to research by Deloitte, fewer than 6% of active real estate agents and brokers identify as Black, but more than 11% of the population is Black. The program’s goal is to increase the number of top-producing Black agents in real estate by eliminating barriers to entering the field.
The program provides financial and business support for brand-new brand-new Black real estate agents. HomeLight and NAREB will help cover many of the on-boarding costs for new agents, including pre-licensing pre-licensing classes, agent exams, and some technology and marketing needs. Program participants will be paired with an established real estate broker who can serve as a mentor and advisor. And we will provide ongoing training and education for new agents above and beyond what they can expect from their brokers.
The homeownership rate for Black Americans hit a historic low in July 2019, impacting neighborhoods and families, school quality, and generational wealth. By sponsoring Black real estate agents and providing them with tools to achieve high-production success, we hope to make a difference.
Systemic racism has oppressed Black Americans for decades. We’ve seen the direct effects of racist laws and lending policies in real estate. By blocking Black Americans from buying homes anywhere they wanted to live, the government and the real estate industry have both contributed to the social justice issues permeating our country today.
HomeLight believes that every American deserves to own a home. We also believe it is our responsibility to support solutions to end systemic racism. So we’ve partnered with the National Association of Real Estate Brokers (NAREB) to create the Black Real Estate Agent Program™.
We’re seeking aspiring Black real estate professionals who are:
Applicants can be located in any one of the 29 major markets any one of the 29 major markets with NAREB Realtist presence (Alabama, Arkansas, Arizona, California, Colorado, Washington D.C, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Mississippi, North Carolina, New Jersey, Nevada, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia & Washington. Applications are open immediately. Initial accepted applicants will be announced on March 4th at the NAREB Mid-Winter Conference.
Selected applicants will receive up to $5,000 in benefits, including: