News & Information: REALTOR® News

ORRA chairman provides the real estate perspective at Common Core State Standards education summit

Wednesday, June 5, 2013  
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(l-r) Steve Merchant, chairman of the Orlando Regional REALTOR® Association; Rick Fraser, president of the Center for Business Excellence; and Sandra Robinson, Ph.D., dean of the UCF College of Education and Human Performance, share the stage at the Central Florida Education Summit.

There are few elements more important to homebuyers and sellers than the quality of local schools, Orlando Regional REALTOR® Association Chairman Steve Merchant, Global Realty International, told listeners at today’s Central Florida Education Summit.

The summit brought together state and national educational experts with local leaders from business and government to discuss the implementation and impact of Florida’s new Common Core State Standards. The Common Core State Standards is an initiative designed to ensure that parents, teachers, students, and employers have an understanding of the expected results when students master appropriate reading, writing, mathematics, and language skills.

As a panelist, Merchant described the impact of school quality on property values.

"School quality is a powerful driver of property values, so anyone who owns property — or is considering purchasing property — in a community should have a strong economic interest in having good schools,” said Merchant. "Studies have consistently shown that properties near schools with higher ratings are far more likely to have higher values than those near schools with lower ratings often.”

The Central Florida Education Summit was open to the public and heavily attended by Orlando REALTORS®, who have a keen interest in all things education.

"Real estate is all about location, and a good location is often defined by good schools,” said Merchant. "ORRA is supportive of efforts to improve the quality of education in our region, and strives to keep both REALTORS® and the public informed about issues affecting our schools.”

ORRA provided a $10,000 sponsorship to the Central Florida Education Summit and regularly hosts its own educational events to advise its members about the state of Orange and Seminole public schools.

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