Land is something we have a limited amount of in nature. It is also known as Real Estate because it’s considered real or true property. When we want to do things like buy, sell, rent, or lease land, we usually need experts to help. Many people in the U.S. ask these experts to help them get good deals when they want to buy or sell houses or businesses. These experts, called Real Estate professionals, handle all the steps needed to ensure land ownership changes properly and legally. People who really want to become experts in Real Estate can study in special programs called master’s in real estate. According to data from the Bureau of Labor Statistics, there is an expected 3% increase in job opportunities for real estate brokers and sales agents between 2022 and 2032[1], indicating a positive outlook for careers in this field. This guide will tell all about Master’s in Real Estate Online programs. It talks about everything one might want to know if considering studying this subject.
Online master’s in real estate programs are considered if they provide an excellent curriculum, are taught by experienced faculty, and if the universities are known for their academic strength. An interdisciplinary approach is considered the most important requirement in real estate study. The methodology involved analyzing data on tuition fees, financial aid options, and other related factors such as accreditation, program length, and graduation rates. This guide is designed to help find the best real estate master’s programs that meet career goals. Considering all aspects, the team at OMC researched dozens of programs and created the best real estate master’s programs. Here is the list:
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College Name & Address | Tuition | Graduation Rate |
---|---|---|
#1 Auburn University Auburn, Alabama 36849 | $9,828 | 79% |
#2 Florida State University (MBA) 222 S. Copeland Street, Tallahassee, Florida 32306 | $9,684 | 83% |
#3 Iowa State University 1750 Beardshear Hall, Ames, Iowa 50011 | $9,758 | 74% |
#4 Georgetown University 37th and O St NW, Washington, District of Columbia 20057 | $51,336 | 95% |
#5 University of Denver 2199 S. University Blvd, Denver, Colorado 80208 | $51,336 | 77% |
#6 The University of Texas, Dallas (MBA) 800 West Campbell Road, Richardson, Texas 75080 | $13,874 | 70% |
#7 Florida International University 11200 S. W. 8 Street, Miami, Florida 33199 | $8,912 | 63% |
#8 Nova Southeastern University 3301 College Ave, Fort Lauderdale, Florida 33314 | $19,665 | 58% |
#9 Liberty University (MBA) 1971 University Blvd, Lynchburg, Virginia 24515 | $7,980 | 47% |
Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available
Online Master’s in Real Estate programs offer diverse curricula covering key areas such as market analysis, business management, real estate development, law, finance, site analysis, and design. Courses may vary, including electives for specialization. Credit requirements range, often with core courses, electives, and potential capstone projects. Internships may provide practical experience. Admissions typically require a bachelor’s degree, transcripts, letters of recommendation, a resume, and occasionally standardized test scores. The flexibility of online learning suits working professionals, and program durations can span 1-2 years. Thorough research ensures alignment with career goals and preferences.
Completing a master’s helps graduates understand real estate, all the way from planning, designing, developing, and legal transactions to mortar and bricks. While the curriculum varies from university to university, here are some common courses that students face in online master’s in real estate programs:
This subject focuses on the role of property and the motive behind the valuation. Students learn the theory and application of the five principal valuation methods, including successful techniques in various properties with a specific focus on income and market approach.
This subject focuses on the development process from inception, initial design, site assessment, planning, scheme creation, and implementation.
A dissertation is an individual’s research in Landscape and Planning. In this module, students are allowed to choose from a variety of topics. However, they must be approved under the guidance of the program director.
This module covers the real estate fundamentals and introduces the academic study. It covers concepts like the market, its operation, and factors influencing it. Students explore sector and geographic markets considering the legal, political, cultural, social, environmental, and technological factors.
This is a practical-based course in which students work in groups of 4 to 6 on a particular project brief from a client. Students are expected to respond professionally and work as consultants for the issues raised in the project brief.
This course summarizes all the other courses that were part of the online master’s in real estate programs. Students will also be exposed to real-life examples of where concepts can be used.
Students will develop highly sought-after skills to serve employers in the real estate sector and beyond. The skills learned are:
There are plenty of MBA and Master’s Programs in real estate. Whether opting for an MBA in Real Estate Online or an MS in real estate, students should determine their career goals. Here are the key aspects of both types of Real estate master’s programs:
Master of Business Administration (MBA) in Real Estate integrates real estate specialization within a broader business context. It combines core business skills with a focus on real estate strategy, management, and finance, preparing professionals for leadership roles in the complex and dynamic real estate industry.
The Master of Science (MS) in Real Estate provides in-depth knowledge of real estate concepts, covering market trends, finance, and development. It equips students with analytical skills for decision-making in the real estate sector.
Both degrees offer unique approaches, catering to individuals seeking specialized or managerial roles in real estate.
Real estate is a complex field with many branches and focus areas. Master’s in real estate programs offer many concentrations and specializations, such as Real Estate Development, Real Estate Law, Real Estate Finance, and Real Estate Valuations, to name a few. Here are some commonly found specializations:
Area of Focus | Description | Careers This Concentration Prepares For |
---|---|---|
Real Estate Development | This specialization focuses on the strategic planning, design, and execution of real estate projects. Covering construction, zoning regulations, and project management, this concentration equips students for careers as Real Estate Developers, Project Managers, and Construction Managers, shaping the built environment. | Real Estate Developer, Project Manager, Construction Manager. |
Real Estate Finance | This specialization explores the financial intricacies of the real estate sector. Students study investment analysis, property valuation, and financing strategies in navigating the complex financial landscape of real estate. | Real Estate Financial Analyst, Investment Manager, Mortgage Underwriter. |
Commercial Real Estate | This specialization explores the dynamics of commercial properties like office buildings, retail spaces, and industrial facilities. Graduates are equipped for roles as Commercial Real Estate Brokers, Property Managers, and Asset Managers, engaging in the complex and dynamic world of commercial real estate transactions and management. | Commercial Real Estate brokers, and Property Managers, Asset Managers. |
Residential Real Estate | This specialization focuses on the residential housing market. Covering areas such as property sales, leasing, and real estate marketing | Real Estate Agent, Residential Property Manager, Real Estate Appraiser. |
Real Estate Law | This specialization examines the legal aspects of real estate transactions, contracts, and property rights. Graduates are equipped for roles as Real Estate Attorneys, Legal Consultants, and Title Officers, ensuring a comprehensive understanding of the legal intricacies within the real estate industry. | Real Estate Attorney, Legal Consultant, Title Officer. |
Typical Timeline: 2 years
Credits to Completion: 32
Master’s in Real Estate programs in the USA usually span 18 to 24 months for full-time students. The curriculum, covering areas like market analysis, finance, and development, typically requires 32 to 36 credits. Culminating projects or internships contribute to practical experience, ensuring graduates are well-prepared for the complexities of the real estate industry. The flexibility of part-time study accommodates working professionals seeking advanced education while managing their career commitments, albeit with the understanding that part-time options typically take longer.
Accelerated master’s programs in Real Estate provide an expedited route for students to achieve their degree in a shorter span. Tailored for committed learners, these programs enable fast-tracked studies and earlier graduation. Students seeking acceleration can opt for a heavier course load, including summer or intensive sessions, to hasten progress. Credit transfers from prior coursework or relevant professional backgrounds can shorten the degree duration. Certain accelerated programs may present streamlined curriculum plans, focusing on vital coursework and excluding elective elements. This aids students in concentrating on core aspects, facilitating efficient degree completion. Prospective accelerated program candidates should thoroughly evaluate their preparedness and capability to manage an intensified study pace. Here are examples of colleges that offer accelerated master’s in real estate programs:
An MBA and a Master’s in Real Estate differ in focus and scope. An MBA covers broader business aspects, including finance, marketing, and management, with a potential for specialization. A Master’s in Real Estate hones in on property-specific knowledge, encompassing topics like real estate law, development, investment, and market analysis. While an MBA offers versatile skills applicable across industries, a Master’s in Real Estate provides specialized expertise solely within the real estate sector. The choice depends on career goals: an MBA for varied business leadership roles or a Master’s in Real Estate for specialized real estate careers.
Each university establishes unique admission criteria, yet common elements prevail across Master’s programs. Applicants for an online Master’s in Real Estate typically need to meet certain standards, such as possessing a bachelor’s degree, maintaining a minimum GPA, submitting GMAT or GRE scores if required, and providing letters of recommendation. Here is a snapshot of admission requirements for a Master’s in Real Estate online:
Note: Applicants must check the specific requirements of the institution and program they are interested in, as these can vary.
The GRE (Graduate Record Examination) and GMAT (Graduate Management Admission Test) are common standardized graduate program admission tests. While many U.S. institutions commonly demand these scores, some online master’s programs in real estate may not necessitate GRE or GMAT scores. This omission recognizes that test scores might not always reflect applicants’ potential. Instead, colleges prioritize academic history, research experience, letters of recommendation, personal statements, and interviews. Those seeking an online master’s in real estate should contact their chosen universities’ real estate departments to explore programs without GRE requirements or options for obtaining a GRE waiver. A few universities offer top online Master’s in Real Estate programs that waive the GRE requirement are:
Fordham University4
Pepperdine Graziadio Business School5
Accreditation is a rigorous process that institutions voluntarily undertake to validate high educational standards. Several independent organizations review the courses offered by the institution and measure the quality. It is important to check if a college is accredited to ensure high standards. Being accredited also increases the level of trust that organizations have in employees that they want to hire. The Association of Real Estate License Officials6 (ARELLO) is the primary real estate accreditation and licensing assessment organization. ARELLO conducts the evaluation and reviews processes independently in program methodology and examinations.
Universities may also be accredited by one of the six regional accrediting bodies, which are:
Learn more about accreditation to ensure that the program is of high quality.
Although not equivalent to a master’s degree, free online courses, often developed by prestigious universities, offer supplementary knowledge beyond traditional learning. These resources can significantly assist students in their academic pursuits, assignments, exams, or final projects. Below are some recommended options for free courses tailored to students pursuing a master’s degree in real estate studies:
Course | Real Estate Syndication for Beginners7 |
Provided by | Udemy |
Description | Within this course, participants will gain an introduction to the syndication process, its key stakeholders, and a comprehensive grasp of the steps involved in enabling everyday working professionals to attain substantial multi-million dollar real estate assets. |
Course | Ethics and AML Essentials for Real Estate Professionals8 |
Provided by | Alison |
Description | Real estate agents must achieve an equilibrium between maintaining a competitive business, delivering exceptional customer service, and upholding governmental and industry norms. Prioritizing profit and personal concerns can potentially overshadow ethical principles for clients and the industry. This course establishes a robust base for addressing ethical challenges that might arise in the real estate sector. |
Course | Pathways to Property: Starting Your Career in Real Estate9 |
Provided by | Future Learn |
Description | This free course explores property fundamentals, development, and industry dynamics. Exploring career prospects and core aspects like sustainability and technology guides participants toward initiating a successful journey in the real estate sector. |
Higher Education in the US is getting very expensive, making it increasingly difficult to afford the program’s cost. Fortunately, financial help is available. Here are the process and resources for getting some financial help to fund online master’s in real estate programs:
In contrast to alternative financial assistance methods, scholarships are non-repayable. They are generally granted to students displaying exceptional academic performance or other proficiencies. Pursuing a master’s degree in real estate can incur significant expenses, making scholarships particularly advantageous. Scholarships can encompass diverse expenditures such as tuition fees and accommodation expenses. Here are a few online master’s in real estate scholarships students can explore and apply for:
Scholarship | American Planning Association Scholarships10 |
Description | The APA Foundation scholarships aim to enhance access to the planning and real estate profession for those with limited financial means while also drawing outstanding candidates to this field. By granting scholarships to exceptionally meritorious students, particularly from underrepresented backgrounds, the program seeks to cultivate a more diverse and adaptable planning and real estate community better equipped to address the unique requirements of varied communities. |
Award/Amount | $5000 |
Application Deadline | TBA |
Scholarship | Wisconsin Garden Club Federation Scholarship11 |
Description | The Wisconsin Garden Club Federation (WGCF) provides scholarships to college students in horticulture, landscape design, environmental studies, and related areas, including real estate. These scholarships, financed through the Memorial Scholarship Fund and contributions from garden club members, are intended to bolster education and advance the mission of WGCF. |
Award/Amount | $2500 |
Application Deadline | Feb 1st every year |
Scholarship | Richard H. Crosser Memorial Scholarship Fund12 |
Description | The Richard H. Crosser Memorial Scholarship Fund pays tribute to Richard H. Crosser’s legacy by offering financial aid to students pursuing advanced education, including real estate studies. This scholarship aids students across diverse fields of study, such as urban planning, by furnishing funding opportunities to attain their educational aspirations and enable valuable contributions to their chosen professions. |
Award/Amount | Varies |
Application Deadline | Varies |
Note: Please be cautious about scholarship scams and verify the legitimacy of all received offers.
The Free Application for Federal Student Aid (FAFSA)13 is a crucial form for students seeking financial aid. It determines eligibility for federal grants, scholarships, and loans, making higher education more accessible.
Student loans are financial resources provided to students to cover higher education costs, including tuition, books, and living expenses. These loans are typically repaid after graduation with interest, helping students access education and achieve their academic and career goals.
Employer tuition reimbursements are programs where employers financially support their employees’ education by covering some tuition costs for courses or degrees. This benefits employees seeking further education and employers aiming to enhance their workforce’s skills and knowledge.
Real estate careers allow professionals to set their schedules, work flexibly, and earn up to six figures. Within the profession, there are major roles to consider with a Master’s in Real Estate. Individuals with a master’s in real estate can work in the following job roles:
Occupation | Property, Real Estate, and Community Association Managers14 |
Median Annual Salary | $60,670 |
Job Growth (up to 2032) | 5% (faster than average) |
Job Description | Property, Real Estate, and Community Association Managers oversee and manage properties on behalf of owners or associations. They handle various tasks such as rent collection, maintenance, tenant relations, and property marketing. Their responsibilities also extend to managing real estate investments, ensuring compliance with regulations, and handling community association affairs, aiming to maintain property value and resident satisfaction. |
Occupation | Real Estate Brokers and Sales Agents1 |
Median Annual Salary | $48,770 |
Job Growth (up to 2032) | 5% (as fast average) |
Job Description | Real Estate Brokers and Sales Agents facilitate property transactions between buyers and sellers. They represent clients in negotiations, provide property information, and arrange property showings. They assess market conditions, develop pricing strategies, and prepare contracts. Additionally, they market properties, coordinate inspections, and guide clients through the buying or selling process, aiming to achieve successful real estate transactions. |
Occupation | Real Estate Director15 |
Median Annual Salary | $175,601 |
Job Growth (up to 2032) | No Data Available |
Job Description | The role of the Real Estate Director involves supervising the negotiation process for all transactions. They manage and guide a healthcare facility’s real estate operations, encompassing property acquisitions, leasing, and site selection. A bachelor’s degree is necessary for this position. They assess properties to align with organizational requirements. Additionally, the Real Estate Director generally reports to senior management. |
Occupation | Property Acquisitions Manager16 |
Median Annual Salary | $124,235 |
Job Growth (up to 2032) | No Data Available |
Job Description | The role entails overseeing the research, analysis, and negotiation processes vital for evaluating prospects to acquire additional sites, land, or buildings. Prospective property purchases or sales are explored, involving conducting or facilitating property assessments and inspections. Market trends and competitor activities are tracked, with the added responsibility of crafting and negotiating purchase or lease agreements. |
While it’s not mandatory to be certified or hold a license for a real estate graduate in the U.S., obtaining certifications can enhance skills, credibility, and marketability and provide specialized knowledge, demonstrating a commitment to professional development. Earning certifications during or after a real estate graduate program can distinguish individuals, making them more competitive and increasing their earning potential in the dynamic real estate industry. Here are a few examples of certifications that master’s in real estate students can opt for:
Certified Property Manager (CPM)17
The Certified Property Manager (CPM) designation is a premier credential for real estate managers. Awarded by the Institute of Real Estate Management, it signifies expertise in property management, ethical conduct, and dedication to enhancing property value. Earning the CPM enhances career prospects and demonstrates a commitment to industry excellence.
Accredited Residential Manager (ARM)18
The Accredited Residential Manager (ARM) designation granted by the Institute of Real Estate Management signifies expertise in residential property management. Holders of this credential demonstrate proficiency in maximizing property value, tenant relations, and regulatory compliance, making them sought-after professionals in the real estate industry.
As students pursue their Master’s in Real Estate online or launch their careers, outside resources greatly help track developments in the field. These include organizations, conferences, and professional groups to help build a strong professional network and increase real estate knowledge. The following professional organizations and associations are dedicated to assisting students and real estate professionals:
American Real Estate Society19
The American Real Estate Society (ARES) is dedicated to enhancing communication between academia and professionals, and fostering the exchange of insights among faculty and practitioners is a priority. ARES strives to connect academic, professional, and research communities seamlessly, promoting a dynamic synergy for continually advancing real estate knowledge and practices.
National Association of Expert Advisors20
The mission of the National Association of Real Estate Advisors (NAREA) is to enhance real estate professionals’ learning and income potential. This goal is achieved by delivering outstanding education through our designation programs and fostering networking and knowledge-sharing opportunities among our members.
National Association of Realtors21
The National Association of Realtors (NAR) dedicates itself to empowering REALTORS® in their mission to uphold, safeguard, and promote the right to real property for all. Through advocacy, education, and support, the objective is to provide members with the necessary tools to navigate the dynamic real estate environment. Their vision is to serve as a dependable ally, offering guidance to members and the communities they serve as they navigate the continually evolving real estate landscape.
In a Master’s in Real Estate program, students acquire advanced knowledge in real estate finance, investment analysis, property development, and market trends. The curriculum emphasizes strategic decision-making, preparing individuals for roles in real estate development, investment, and management, with a focus on valuation methods, legal aspects, and sustainable practices.
U.S. Bureau of Labor Statistics: Occupational Outlook for Real Estate Brokers and Sales Agents
Pepperdine Graziadio Business School
Association of Real Estate License Officials
Udemy- Real Estate Syndication for Beginners
Alison- Ethics and AML Essentials for Real Estate Professionals
Futurelearn- Pathways to Property: Starting Your Career in Real Estate
American Planning Association Scholarships
Wisconsin Garden Club Federation Scholarship
Richard H. Crosser Memorial Scholarship Fund
Salary.com- Real Estate Director
Salary.com- Property Acquisitions Manager
Certified Property Manager (CPM)
Accredited Residential Manager (ARM