There are some excellent real estate agents who started off as accountants, writers, housewives, or in the military. Some excellent agents only have a high school diploma. Others have associates degrees, bachelors, masters, or in some cases PhDs. But virtually no one who just gets out of high school or college (the "formal education" part) is an expert at anything. Except, maybe, how to be a student. And that comes from experience.
I do know agents who've built on their accounting backgrounds. I know others who have built on the marketing backgrounds. And so on. But it also requires a lot of continuing education and experience. Real-world experience. Not formal education.
Hope that helps.
I think it depends. I assume you are referring to Real Estate? If there is a fomal designation of "expert" or "certified"....which is more likely...then the person has taken the required education to use that designation. If not....then someone considers themselves and "expert" and bases it on their experience.
It's a funny term....just like saying that Oreos are the "best" cookie in the world. Who is to say. I better way to evaluate a Realtor to work with is referrals..ask questions and decide for yourself. If you are unsure about what questions to ask....this is a great place to read other people's experiences and questions.
Hope that helps....
ps......I have degrees in Political Science and Business Admin. So my formal training makes me an "expert" in that?
Did you mean to ask "What IN your formal education makes you an 'expert'"? If so, then there was much in my formal education that provided a base for my current experience in real estate. My original degree, a BS in accounting and my studies toward a masters degree in business helped provide me with the "foundation" (as Mack noted below) to understand, on a much broader scale, the interworkings of business, finance, economics and real estate.
However, it was actually my experience, and not just my formal education, that provided the "intricacies" and "mechanics", if you will, that made me an acknowledged expert in certain areas of real estate. My time working as a homeowners association management and consultant, a forward planning consultant, a consultant to home builders, a legal assistant to prominent real estate attorneys, a CPA, a co-author of a book on HOAs, a newspaper writer and expert in real estate--these are the experiences that became the 'tools" that differented me then and now in my field.
So, to be frank, it was not just formal education that made me, in my opinion, an expert, but a combination of education and experience. Thus, formal education provides you with a solid base upon which experience builds the house.
Grace Morioka, SRES, e-Pro
Area Pro Realty
Co-Author: Homeowners Associations: A Guide to Leadership and Participation
Co-Host: Naked Real Estate on http://www.blogtalkradio.com
Web Reference: http://gracemorioka.areaprorealty.com
Unclear of what subject matter you are discussing. If you are asking regards to real estate experience is factor over education.
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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Please re-phrase. Or you can email me directly at: email@example.com. Thank you. Cynthia