Michigan has an extensive list of colleges and universities for prospective students to select from, with over 200 different campus spread around the state. Students seeking education in real estate have dramatically fewer choices; only four colleges currently offer degree programs in real estate. Students can choose from associate's, bachelor's, master's and doctoral programs in majors like real estate, finance, and business. Some schools offer real estate classes through certificate programs.
There are generally no special admissions requirements for these programs. Overviews of the four real estate programs in Michigan are found below, as well as a school comparison table listing individual degree programs and tuition information.
Central Michigan University
Located in Mount Pleasant, Central Michigan University is a 4-year, public university which offers a real estate development and finance major as part of a Bachelor of Science in Business Administration. This program prepares students for careers as real estate sales agents, developers or property managers in commercial as well as residential markets. After taking basic business courses, such as economics, finance, and marketing, students enroll in an additional 36 credit hours of real estate coursework. Through topics in real estate valuation and appraisal, students learn how to manage capital through the buying and selling of property. Real estate finance, investment, law, and development are also discussed.
Ferris State University
Ferris State University is found in Big Rapids and offers a certificate in real estate, which is a 12-credit hour program that prepares students for the state's real estate course and license exam. Students take classes in principles of real estate, real estate finance, real estate appraisal and real estate management. The school also offers a bachelor's program in finance with a real estate concentration for students looking for broader education. The bachelor's program requires 120 credit hours for graduation and mainly consists of business core classes in addition to many of the same real estate classes listed above.
Lansing Community College
This 2-year college located in Lansing serves more than 20,640 students each year. The college offers real estate associate degree and certificate programs are offered through the Business Media and Information Technologies Division. The 20 credit-hour certificate program includes courses in real estate law, investment, and financing. Graduates fulfill educational requirements needed to sit for the Real Estate Salesperson Licensing Examination administered by the Michigan State Board of Real Estate Brokers and Salespersons. Much like the certificate program, the 2-year associate's program includes introductory real estate courses. Additional topics in property management and marketing are also discussed. After completing core courses and general education requirements, students can take electives in accounting, consumer behavior, public relations, architectural drawing or surveying.
University of Michigan - Ann Arbor
The Ann Arbor campus of the University of Michigan is the second-largest institution of higher learning in the state, with more than 42,700 students enrolled. The University of Michigan Business School offers bachelor's, master's and Ph.D. programs in real estate. The bachelor's program educates students on real estate law, feasibility, and finance. The MBA program is a 2-year program in which students focus on general business courses in the first year of study and then specialize in real estate-centric courses in the second year. Finally, the school's doctoral program requires students to attend regular doctoral seminars, work as research assistants and fulfill a doctoral dissertation over the course of their studies; the average length of time it takes to complete the doctoral program is five years.
School Comparison: At a Glance
|School Name||School Type & Setting||Real Estate Programs Offered||Undergraduate Tuition & Fees (2018-2019)*|
|Central Michigan University||4-year, public; town||Bachelor of Science in Business Administration|| $12,960 (in-state)
|Ferris State University||4-year, public; town|| Bachelor of Science in Finance,
Certificate in Real Estate
|Lansing Community College||2-year, public; midsize city|| Real Estate Certificate of Completion,
Associate in Business in Real Estate
| $3,530 (in-district)
|University of Michigan - Ann Arbor||4-year, public; midsize city|| Bachelor of Business Administration in Real Estate,
Master of Business Administration in Real Estate,
Doctorate in Real Estate
| $15,262 (in-state)
Source: *NCES College Navigator