Bachelor's degree programs in real estate acquaint students with the specifics of real estate law in relation to commercial, rental and private property. They also help students develop marketing strategies and introduce them to real estate investing. Specialization options include appraisal, development, property management, brokerage, and lending.
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Bachelor's Degree in Real Estate
Bachelor's degree programs in real estate are highly interdisciplinary, integrating concepts of business, law, accounting, and real estate courses. Common course topics include:
- Mortgage-backed securities and markets
- Real estate management
- Real estate finance
- Financial institutions
- Real estate development
- Urban planning
Popular Career Options
While a bachelor's degree isn't necessarily required in order to work as a real estate broker or agent, some employers prefer job applicants who have completed a four-year bachelor's degree. Students who earn this degree are prepared for any of the following jobs:
- Real estate agent
- Real estate appraiser
- Property manager
- Leasing or marketing consultant
The U.S. Bureau of Labor Statistics (BLS) estimates that employment for appraisers and assessors of real estate will grow 8 percent from 2014 to 2024, about the same as the national average for all occupations, but employment for real estate brokers and sales agents is only expected to grow 3 percent, which is slower than average.
As of May 2015, real estate agents earned a median annual income of $43,370 per year, while the median wage was $56,860 per year for real estate brokers and $51,860 per year for appraisers and assessors of real estate.
Continuing Education Information
Before selling property, aspiring real estate agents earn state licensure. Each state requires students to accrue a specific number of training hours and pass a real estate exam.
Alternatively, graduates of bachelor's degree programs can continue their real estate education at the master's degree level, developing the skills necessary to become managers or specialists in the industry. Graduates of master's programs might find work as private consultants, real estate market analysts, or urban developers.
While not required, a bachelor's degree in real estate provides prospective real estate professionals with the interdisciplinary training they need to be competitive for employment in the industry and prepare for licensure exams or advanced degrees.