Real Estate Bachelors Degree Online
Is a Real Estate Degree for You?
Real estate bachelor degree programs focus on the basics of appraisal, sales and brokerage, property management, and mortgage lending. Although some real estate programs are classified within a liberal arts degree, most often a real estate degree is found within a college of business. Therefore, students interested in pursuing a degree in real estate should desire a career within the business world and possess a competitive drive. While real estate is a fairly specific area, most degree programs strive to provide students with a general educational foundation. Real estate students can expect to study broad social and economic issues related to the field and aspects of more specific disciplines, such as, accounting, personnel management, finance, information systems, management, and marketing. A real estate bachelor's degree program leads students to understand real estate market analysis, site selection, investment analysis, economics, and professional services that support real estate transactions. While these skills are specific to a profession in real estate, the business initiative that is fostered within a real estate program is easily translatable into several other professions. Individuals who are fascinated by the housing market and interested in sales will make strong real estate students. Being generally out going and personable is important within real estate as a degree program and ultimately as a profession. Also, real estate students must work comfortably with numbers and calculations, as well as, written language and rhetorical devices. The right personality is essential to succeeding as a real estate student (and broker). Maturity, trustworthiness, and enthusiasm for the field are required to attract prospective customers in the highly competitive field of real estate. Students should be organized, detail oriented, and have a good memory for names, faces, and places.
Advice for Earning Your Real Estate Degree Online
It is important to remember that, while having a bachelor's degree in real estate is an extremely sellable point to all employers, every state in the U.S. requires that a real estate broker or sales agent be licensed. Prospective brokers and agents must pass a written examination, administered by the state. According to the Bureau of Labor Statistics, the exam includes questions on basic real estate transactions and laws affecting the sale of property (all of which would be covered in a real estate bachelor's degree program). Because a bachelor's degree is not explicitly required in order to become a real estate broker or argent, employers will see an individual with a real estate degree as passionate and driven towards their goals.
Required Courses
Students obtaining a bachelor's degree in real estate will take numerous classes within the business department of their institution. Real estate students can expect to take courses such as, real estate law, market analysis, urban fiscal policy, housing and community development policy, public regulation of land use, basic statistics, general business courses, and many more. Students should anticipate coursework involving quantitative analysis, group projects, and written assignments.
Common Career Paths
Career options in real estate may include appraisal, escrow, mortgage finance, residential practices, real estate law, brokerage, real property management, real estate insurance, and many more. Some employers outside of brokerage businesses may include, but are not limited to, commercial banks, real estate investment companies, life insurance firms, mortgage companies, savings and loan associations, and government agencies. Of all of the options for real estate careers, the most popular is the real estate broker. The real estate broker is responsible for understanding the needs and wants of the client in order to find and sell the most satisfactory property to the client. The working environment may include employment in a large real estate corporation, a smaller real estate business, or individual employment as an independent broker.
Starting Salary: $48,400
Mid-Career Salary: $78,500
Learn More About a Career in Real Estate
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