A career in real estate requires an understanding of business practices, economics and finance principles, and marketing techniques. This knowledge can come in handy whether you’re trying to sell homes, office buildings, or farmland, or work in urban planning or land development. People interested in a career in real estate can find many accredited online real estate programs at the associate and bachelor’s levels that may prepare them to become appraisers, brokers, or sales agents. There are also graduate-level programs for research and more specialized study. Regardless of the degree level we recommend applying to accredited online degree programs, which designates that they are aligned with the most current real estate practices and policies.
Online Associate Degree Programs for Real Estate
At the associate level online college degree programs provide students with an overview of real estate practices. Students typically study the key principles and concepts involved in a real estate transaction, such as appraisal techniques, marketing property, and real estate law, as well as develop management skills. Upon graduation students may be prepared for work as an agent, broker, inspector, mortgage or loan officer, or property manager. Keep in mind that because many of these positions typically require some form of licensure by the state you practice in the real estate principles and practices taught in the program may be specific to a certain state so that students are prepared for relevant credentialing exams.
Online Bachelor’s Degree Programs for Real Estate
Similar to associate degree programs in real estate, online bachelor degree programs cover real estate practices and principles and can lead to employment as brokers, appraisers, or sales agents. A bachelor’s degree also opens the door to more opportunities in the field, such as in commercial leasing management, real estate investment analysis, or homeowner’s insurance claims adjusting. Some jobs, such as commercial real estate appraising, often require applicants to hold a bachelor’s degree. During an online degree program at the bachelor’s level students can expect to study real estate law and contract law, examine real estate finance markets and financing methods, and learn how economic, demographic, and market trends influence real estate and real estate valuations.
Online Master’s Degree Programs for Real Estate
Master’s degrees in real estate have become more popular in recent years due to the perception that it is an alternative to a Master of Business Administration (MBA) degree. Online masters degree programs typically have a specific focus, such as real estate development, in which students examine real estate law, economics, finance, marketing, negotiation, urban history, planning, and project management from the developer’s perspective. Students may also find dual degree programs that allow them to earn an MBA and a master’s in real estate, or an MBA. and a Juris Doctorate (JD), through accelerated online degree programs. Programs at this level often focus on commercial, as opposed to residential, real estate. Given the competitive nature of the real estate industry, a master’s degree could make you more marketable to employers.
Online Doctoral Degree Programs for Real Estate
Doctoral degrees in real estate are typically geared toward students interested in pursuing an academic career in real estate and finance or technical research positions in the industry. Programs may vary from school to school, although students typically would have the opportunity to study a broad range of topics in real estate, capital markets, housing, and urban economics. Classes would cover current issues in real estate, such as contract design and pricing, regulatory issues in real estate finance, real estate cycles, and the structure and operation of mortgage, housing, and land markets. Students may also have the opportunity to conduct research in a specialized area of study, which may result in a thesis or capstone project.
Online Degree Programs in Real Estate in the Work Place
You career in real estate will largely depend on your education, training, and interests. According to the National Association of Realtors, most people start out as sales trainees in a brokerage firm, while others may work as office assistants, listing or rental agents, assistants in a department of a large real estate organization, or in the mortgage division of a bank or savings and loan. There is great variety in the type of property you could work with. Real estate includes homes, office buildings, industrial property, or farmland. Other fields that deal with real estate are land development, mortgage banking, urban planning, or appraisal.
The real estate market is dependent on the conditions of the economy, though the U.S. Bureau of Labor Statistics (BLS) notes that it is relatively easy to enter the occupation as long as you have the proper licensure. Real estate is a competitive industry that is expected to experience slow growth through the end of the decade. Employment of real estate brokers and sales agents is expected to grow 11% from 2010 to 2020, while employment of appraisers and assessors is expected to grow 7%, according to the BLS. The best opportunities will be in areas with active real estate markets.