Polley Associates School of Real Estate in Newtown Square, Pa., has acquired the Schlicher-Kratz Institute from Ohio-based Hondros Education Group. The purchase became effective July 1.
Polley Associates' classes for real estate broker and salesperson licensing, real estate appraiser certification, and real estate sales and appraiser continuing education, have helped launch and guide the careers of thousands of successful real estate professionals across Pennsylvania and New Jersey since 1971.
Polley Associates and Hondros Education Group (HEG), and their ownership families, have collaborated as educational allies for decades. In their latest venture, Polley will operate Schlicher-Kratz with an enlarged faculty of talented instructors, and continue to create in-classroom, online, and blended-learning courses that appeal to a growing audience of savvy, consumer-oriented real estate entrepreneurs.
"This new acquisition positions Polley Associates to expand its accessibility to all students," Hugo C. Weber Jr., the company's CEO and education director, said. "It leverages the experience, expertise, and award-winning quality of both brands for the benefit of real estate sales industry veterans and newcomers in Pennsylvania and New Jersey."
HEG will support Polley Associates content and curriculum with online education for real estate and appraisal licensees in both states. Additionally, HEG will operate the Schlicher-Kratz mortgage education division, with its popular and well-known Learn Mortgage and CompuCram brands.
"We have had a strong relationship with the leadership of Polley Associates for more than 30 years," Linda Hondros, CEO of Hondros Education Group, added. "Bringing together Polley Associates and Schlicher-Kratz not only strengthens their position in the market but provides more resources on which real estate brokers and salespersons, and certified residential and general appraisers, can rely."
Although its corporate headquarters are located only 12 miles west of Center City Philadelphia, Polley Associates conducts classes throughout Pennsylvania, with locations in Montgomery, Delaware, Chester, Bucks, Philadelphia, Allegheny, Blair, Centre, Erie, Lawrence, Washington, Greene, and Westmoreland counties. The acquisition will add several Schlicher-Kratz classrooms to the busy mix.
