Both flexible and multidisciplinary, the undergraduate program in real estate at many universities combines a curriculum which covers the functional areas of business (accounting, finance, information technology, management and marketing) with specialized course work in real estate. Students are exposed to other disciplines which involve the field of real estate, such as (construction, engineering, geography and planning).
Students discover business opportunities beyond selling real estate. As with many professional fields, real estate has progressed from a self-taught field to a specialized, sophisticated discipline which involves everything from demographics and shopping patterns to zoning, land use, material and labor costs and construction. A real estate degree is designed for students with interests in business management, and associated with real estate planning, finance, development and construction of building projects. Graduates can explore career opportunities which focus on mortgage banking and real estate development and investment.
Real estate is one of the largest components of wealth and estimates show it represents about half of the world’s wealth. Real estate creates almost 9,000,000 jobs and generates in excess of 28% of the U.S. GDP. In some states employs almost real estate 800,000 individuals in the industry and has an economic impact of close to $20 billion every year.
Many real estate graduates obtain positions in government, private sector, nonprofit and construction, often with leadership positions as:
- Land developers
- Construction managers
- Real estate brokers
- Investment managers
- Property managers
- Land-use planners
The curriculum of the Bachelor of Science Degree in Real Estate at each university differs; however, there are many similarities. You are usually provided a background in general business, real estate practice and real estate theory. Studies cover many factors involving property assessment and sales, and the impact these changes have on real estate and individuals.
Studies often include:
- Environmental protection
- Property taxation
- Land-use planning
- Government assisted home financing
- Urban redevelopment
Real Estate Electives may include:
- Financial Management
- Property Management
- Tax Lien Investing
- Risk and Insurance
- Funds Management
- Tax Deed Investing
- Insurance in Real Estate
- Business Statistics
- Money and Banking
- Property and Liability Insurance
Upon successful completion of the program, students will posse the knowledge:
- Understand the function of information systems and information technology in the organization.
- To communicate orally and in writing.
- Use the proper statistical analysis to make business decisions.
- Posse the ability to respond appropriately to dilemmas in business.
- Understand the legal aspects of real estate including contracts, options, transfers, easements and liens and recording statutes.
- Apply a mathematical approach to real estate financial studies, including mortgage risk analysis and loan underwriting.
- Utilize the best use analysis in determining the value of real estate property.