Wilmington-based residential real estate firm Intracoastal Realty Corp. recently acquired local real estate school The Market Place Academy, founded in the Port City by Phillip Galloway in 1991. 

The school was renamed Intracoastal Real Estate Academy, according to a news release, on Monday and will offer enhanced educational services to existing and prospective real estate agents.
 
The instructors at Intracoastal Real Estate Academy have more than 50 years of teaching experience combined, the release stated. 

Among the instructors is Galloway, whose previous company boasted the highest pass rate for pre-licensing classes in 2019 in the local area, according to the N.C. Real Estate Commission.
 
At the helm of the new school is Stephanie Fessel, who also serves as the vice president of education for Intracoastal Realty, the release stated. 

“Education has always been the foundational pillar of Intracoastal Realty, and that will continue to be a major focus for the company going forward into the new decade,” Fessel said in the release. “Intracoastal Real Estate Academy will uphold Galloway’s heritage of providing exceptional educational instruction. 

"The school has some of North Carolina’s most respected real estate instructors, in addition to the support, resources and prestige behind the Intracoastal Realty brand.  We believe this winning combination brings value to our local Realtor community and those seeking to get their real estate license.”
 
The school's new website contains resources and class information for pre-licensing, post-licensing, and continuing education.