In master's degree programs in real estate management, students learn how to initiate a commercial or residential real estate transaction, manage negotiations with clients, and close a transaction. Programs combine core theoretical courses in real estate development and management with specific, practical courses related to planning, design, and development issues. Upon graduation, students are prepared to manage real estate projects for property owners, community groups, and government agencies.
Many universities require that incoming students have at least two years of professional experience in the field. Applicants should also have an undergraduate degree in the areas of accounting, engineering, law, architecture, business, or a related field.
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Master of Science in Real Estate Management
Students in master's degree programs in real estate management may take some of the following courses:
- Principles of real estate taxation
- Real estate finance and economics
- Development processes
- Negotiation tactics and dispute resolution
- Strategic real estate management
- Commercial lease analysis
Employment Outlook and Salary Info
Property, community association, and real estate managers held about 174,410 positions in the United States in 2015, according to the U.S. Bureau of Labor Statistics (BLS). In May 2015, the median annual salary for property, real estate, and community association managers was $55,380.
Licensing requirements for real estate managers vary by state, but most states require applicants to have a certain amount of work experience and pass an examination on state laws and regulations regarding real estate. In order to remain licensed, real estate professionals may need to complete continuing education requirements.
Overall, a master's degree in real estate management provides students with the theoretical and practical experience they need to prepare for licensure and pursue a career in the field.