Real estate management training is available at both the undergraduate and graduate levels. Students interested in careers as real estate appraisers, sales agents or brokers will want to make sure program curriculum qualifies them to meet state licensing requirements, which can vary from state to state. Courses generally cover topics including real estate law, property appraisal, and property development. Internships may be available for bachelor's students.
For the associate's and bachelor's degree, all that is required to enroll is a high school diploma or GED. Two-year master's degrees, on the other hand, will need the completion of a bachelor's degree.
Associate's Degree in Real Estate Management
Associate's degree programs in real estate management introduce students to business basics and the real estate industry. Throughout the program, students work on developing their sales and marketing skills. They also learn how to manage rental properties and broker real estate transactions.
Curriculum for a real estate management associate's degree program typically includes instruction in computer technology, finance and economics. Students also take real estate courses covering the following topics:
- Real estate principles
- Property management
- Real estate law
- Property appraisal
Bachelor's Degree in Real Estate Property Management
Real estate management programs at the baccalaureate level are available as property management majors or concentrations within a business administration degree. Students in these programs learn about basic real estate principles, laws, and contracts. Instruction in facilities maintenance management, property marketing, and leasing strategies could also be included.
Like associate's degree programs, bachelor's degree curricula include courses in marketing, human resource management, and business communications. Some programs also offer elective classes in such areas as construction methods and lodging management. Property management and real estate courses typically cover the following:
- Property management law
- Real estate development
- Property valuation
Master of Business Administration in Real Estate Management
Students pursuing an MBA develop their business acumen and managerial skills. They also get an introduction to real estate investment strategies and the real estate market. MBA programs in real estate management include core business courses that cover such topics as accounting, marketing, managerial decision-making, and organizational behavior. Basic courses in real estate are also included, as are classes that meet education prerequisites for licensure as real estate brokers or sales agents. Common topics of study include:
- Principles of real estate
- Real estate finance
- Real estate law
- Real estate investment
Popular Career Options
Graduates of real estate management associate's degree programs are prepared for entry-level positions with real estate leasing offices, local government agencies and brokerage offices. However, graduates of real estate property management bachelor's degree programs could have an advantage over applicants without a 4-year degree when applying for positions managing commercial properties. Possible job titles include:
- Property management companies
- Government housing agencies
- Real estate firms
- Real estate broker or sales agent
- Property manager
- Residential property appraiser
Graduates of real estate management MBA programs can pursue many of the same positions as graduates of associate's and bachelor's degree programs. Positions are also available with financial institutions, real estate investment trusts, and real estate development firms.
Employment Outlook and Salary Info
The U.S. Bureau of Labor Statistics projected an average job growth of 7% for property, real estate, and community association managers during the 2018-2028 decade. Real estate sales agents and brokers could a see an employment increase of 7% over this same period; real estate appraisers were expected to see an 7% job growth. As of 2018, property, real estate, and community association managers and appraisers earned median salaries of $58,340 and $54,980, respectively. Real estate brokers took home median salaries of $58,210, while sales agents earned median annual salaries of $48,690.
Continuing education programs in real estate management are available to professionals who wish to pursue advanced coursework in such topics as leadership, negotiation, marketing, and finance. These programs tend to be relatively short compared to degree or certificate programs and are available through schools' executive education departments or professional organizations like the Institute of Real Estate Management.
Prospective real estate brokers and sales agents will need to earn licensure in their state of residence. Many associate's degree programs qualify graduates to sit for the state licensing exams so often required as part of this process, though students should check with their state's real estate licensing commission to ensure their program will allow them to meet all education prerequisites.
Aspiring residential property appraisers will also need a license. Requirements can vary by state and the type of property being appraised, but credentials available to associate's degree program graduates typically require at least a year of on-the-job training, passing exam scores, and sufficient coursework on the professional standards of appraisal practice.
Students who'd like to continue their education have a variety of options available to them, including bachelor's degree programs in areas such as management, business administration, and human services management. Students can also pursue real estate management programs at the baccalaureate level.
Students who've earned property management bachelor's degrees might want to consider enrolling in real estate management or Master of Business Administration (MBA) programs to broaden their career opportunities or advance in the field.
Real estate management degrees are typically found at the associate's, bachelor's, and master's levels. These degree programs prepare students for a variety of real estate careers and qualify them for mandatory licensure, as well as allow them to take continuing education courses to refresh their skills and focus on specialized subjects not taught in general degrees.