The world of real estate is not just about selling houses, although that obviously makes up a large proportion of the work of a realtor. From being involved in the development and sales of the smallest bedsit, right through to swanky, multi-million dollar properties and developments, a keen business mind and grasp of finance is necessary to succeed in this cut throat industry. After gaining a firm understanding of the way the industry works, working in real estate means that no two days will ever be the same. Meeting people from all walks of life, communicating with buyers, sellers, developers and finance organizations are all part of a realtor’s working day. So if you’ve got the ability to smile and keep your head when others around you are losing theirs, along with strong business ethics and mind for finance, then a real estate degree could be just the path to take that could lead to a fascinating and financially advantageous career.
What’s it all about?
A real estate degree course is all about equipping you with the skills you need to work successfully in the industry. There is a strong element of business in any real estate degree, and you’ll find that this is a theme that runs throughout your years at university. Along with providing you with extremely transferrable business skills, you’ll study law as it applies to the industry, policy, design and finance. Depending on the individual type of real estate program you decide to take, your course is likely to include in depth knowledge of property development, site planning, construction, design and project management. You’ll also learn about the different kinds of real estate properties – such as those peculiar to the leisure industry, retail, office and industrial, as well as properties that are solely for residential use.
What will I learn?
Every school has its own individual manner of presenting its curriculum. But you can expect all real estate degree courses to cover the following aspects:
- The principles of real estate development
- Historical influences in the real estate sector
- Industry analysis, economics and financial aspects
- Project development and project management
- The law as it applies to real estate
- Site design and planning
- Construction management
- Urban redevelopment
- Customer negotiations and communication
- Mortgages and money lending
How will I learn?
All real estate programs utilize a combination of both theoretical and practical learning. You can expect to have input from many industry experts throughout your real estate degree course, and you might also get the chance to participate in work experience training at various points throughout your course. Expect to work on a number of different projects – these could include a real estate development plan or a thesis for publication. Very often a real estate degree course culminates with a final project and/or a final examination. Many universities employ this method, and it could entail working on a genuine real estate development projects. Using the skills that you’ll have learnt throughout your years at university, you might end up producing a fully blown real estate development proposal based on your market analysis and financial study to justify exactly why this project should be allowed and what benefits it will bring to the community.
After gaining my degree, what options are open to me for employment?
After completing your real estate degree then a world of opportunity becomes available to you. You could look to work in the not-for-profit areas of real estate, such as affordable housing projects, or choose from other public sector careers at city, county or state level that are linked to real estate. Other options include the large real estate companies, real estate corporations, the financial side of the real estate industry and you can even consider becoming self-employed. Because of the wide variety of skills taught on a real estate degree course, you’ll also find that you’ve gained valuable knowledge that’s easily transferrable to other sectors of the economy.