One of the finite resources available to humans in nature is the land. This finite resource is also called Real Estate because it is considered ‘actual’ or ‘genuine’ property. Any transactions relating to buying, selling, leasing, or renting real estate involves professional. Almost all Americans turn to real estate professionals to get the best deals buying and selling homes or commercial property. Real Estate professionals manage all transactions and procedures involved in the smooth and legal transfer of ownership. Students that cherish become Real Estate professionals sign up for a master’s in real estate programs. Real estate is all about location, location, location. For graduate students, the location for learning all about Real Estate is online. This guide will shed light on all aspects of Masters in Real Estate Online programs.
Online masters in real estate programs are considered if they provide an excellent curriculum, taught by experienced faculty, and if the universities are known for their academic strength. An interdisciplinary approach is considered the most important requirement in the study of real estate. This guide is designed to help find the best real estate master’s programs that meet career goals. Considering all aspects, we 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
The real estate graduate programs all have their approach and degree focus. The coursework between them can vary considerably. Typically, graduate students of Real Estate programs study market analysis, business management, real estate development, real estate law, real estate finance, site analysis, and design, and more. But before signing up for programs, students need to understand the programs’ ins and outs fully. This section will dig deep into online masters in real estate programs.
There are plenty of MBA and Masters Programs in real estate. Whether opting for MBA Real Estate Online or MS in real estate, students should determine their career goals. Here are the key aspects of both types of Real estate master’s programs:
In MBA Real Estate Online programs and real estate, students can also concentrate in general private equity, investment banking, or marketing. There are several options to explore. An MBA in Real Estate online program also trains students in leadership, management, and organizational operations.
These MS in Real Estate programs are designed to focus on real estate alone fully. Students will gain in-depth knowledge about Real estate, legal aspects, regulations, market ups and downs, etc. Students that want to become experts in Real Estate chose the MS programs.
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, Real Estate Valuations are to name a few. Here are some commonly found specializations:
Masters in Finance and Estate | Get a strong understanding of financial decisions and real estate investment. It will train you in undertaking the investment analysis in real estate. |
Master of Sustainable Real Estate Development | This is an interdisciplinary graduate program which helps students from diverse backgrounds to become an influential and effective participant in real estate design, finance, and sustainable development. |
Property Development Masters Degree | This program focuses on managing the property development process — from site analysis to identification. The focus is on designing, planning, market and finance, viability, and a development scheme. |
Master of Science in International Real Estate | This program focuses on the relationship between property development, real estate, and planning systems globally. It is also focused on urban development operations, considering the market’s mechanism from an investor’s point of view. |
Masters in Commercial Real Estate | This is usually a two-year program that leads to a master’s in commercial estate professionally. This concentration may include investment banking, asset management, consulting, finance, market analysis, and more. |
Masters in Real Estate Law | The students who opt for this program learn practical legal laws affecting the field of real estate and property, including real estate development plans, land tenures, and land use laws. |
Completing a master’s helps graduates to understand real estate, all the way from planning, designing, developing, legal transactions to mortar and bricks. Students will develop highly sought-after skills to serve employers in the real estate sector and beyond. The skills learned are:
While the curriculum varies from university to university but here are some common courses that students face in online masters 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 as a group of 4 to 6 on a particular project brief from a client. Students are expected to provide a professional response and work as consultants for the issues raised in the project brief.
This course is a summary of all the other courses that were part of the online masters in real estate programs. Students will also be exposed to real life examples of where concepts can be used.
Accreditation is a rigorous process that the 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. Learn more about accreditation to ensure that the prospective program delivers high-quality courses.
The Association of Real Estate License Officials (ARELLO) is the primary organization for real estate accreditation and licensing assessments. ARELLO conducts the evaluation and reviews processes independently in program methodology and examinations.
The Master’s in Real Estate online requires 32 credits in the core curriculum. Students can either choose full-time or part-time courses. Here are the distinctions:
Full-time Masters in Real Estate online: This is a one-year program with its first half in the Fall and the other half in the Spring. Even after opting for a full-time master’s, students can switch to the part-time program in most institutions.
Part-time Masters in Real Estate online: This is a two-year program in which the first half of the first year is in the Fall and the other in Spring. The second-year follows the same schedule. However, many programs don’t allow part-time students to switch to a full-time program.
Every university has its admission process. Many requirements are common among Master’s programs. The applicant should have a bachelor’s degree, a minimum GPA, GMAT, GRE scores (if applicable), letters of recommendation, resume transcript, and transcripts from a bachelor’s program. The admission requirements for a Master’s in Real Estate online include:
Requirement | Description |
---|---|
Bachelor’s Degree | The applicant must hold a bachelor’s degree. It can be from any regionally accredited university or college. In some institutions, it is compulsory to hold a four-year degree. |
GPA Requirement | Applicants must hold a bachelor’s degree with a minimum of a 3.0 GPA (cumulative). The score will be converted after the application is submitted for international applicants whose institution did not have a 4.0 GPA scale grading method. |
GMAT/GRE score | Applicants who have taken these exams can submit their scores. The GMAT/GRE is not compulsory in all institutions. |
Letters of Recommendation | A recommendation letter from a professor, supervisor, or coworker is a standard requirement. A letter from an internship or volunteer supervisor can also be accepted. |
Video Essay | Some institutions require a video essay instead of a written statement of purpose. Applicants describe their experience, background, the reason behind pursuing the degree. |
Resume | A professional and updated resume is a must. Provide employment history, if any, in reverse chronological order with date, title, and whether you worked full-time, part-time, or as a freelancer. |
Transcripts | It’s essential to list previous universities or colleges you’ve attended, the classwork, and how you fared. The transcripts should include school name, courses, semesters, grades, GPAs, and cumulative GPA. |
Application Fee | Applicants should pay these fees before the deadlines. Late fee payments cost more to process. |
Prerequisites | Students should have a C grade or better in prerequisites in financial management and real estate. Prerequisites will not be counted towards program completion. |
Work Experience | Having at least two years of work experience (post-baccalaureate) in commercial real estate carries weight on the application. |
Fast Track | A few institutions allow a fast-track entry to students with high academic achievement. They still need to submit a statement of purpose, letter of recommendation, minimum of 3.5 cumulative GPA, all prerequisite courses they’ve completed. |
Earn Your Way In | A few applicants are not strong academically or who do not have a solid transcript. They can petition for entry based on their ability to handle the coursework. |
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 is the process and resources for getting some financial help to fund online masters in real estate programs:
To get financial aid, completing the Free Application for Federal Student Aid (FAFSA) is the first step. Once you have submitted FAFSA, your financial needs are assessed to determine your state and federal financial aid eligibility.
Students can also apply for scholarships, which do not have to be repaid.
Federal financial aid comes in the Federal Stafford Loan, Federal Grad PLUS Loan, Institutional Aid, and Work-Study Programs.
Several employers have tuition assistance programs. check and see if your employer has any such programs.
Learn more from our financial guide.
Here are some common questions that students ask when they are considering an online Masters in Real Estate:
Master’s in real estate degree is worth it. Students with a passion for real estate development and the estate sales market sign up for these programs as a Master’s in real estate degree will open up lucrative and new opportunities.
While pursuing your Master’s in Real Estate online program, you will learn Regional and Urban Economics, Real Estate Analysis, Real Estate Valuation, Real Estate Law, Dissertation, Sustainable Real Estate Development, Real Estate Management a lot more.
Real Estate development certificate programs online can raise graduates to a level above their competitors. Certifications show clients and employers their prospect is atop the trends and methodologies in the profession. While there are many certifications for real estate professionals, here are the most common certifications that students prefer to get:
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 masters in real estate can work in the following job roles:
Job Title | Description |
---|---|
Real Estate Investors– $129K/annum | Real estate investing is a good career option for entrepreneurs who want to work for themselves in the field. |
Real Estate Managers- $105K/annum | Real estate managers are responsible for managing the properties for private owners, corporations, and community organizations. Their work includes collecting rent, selecting tenants, and ensuring maintenance. |
Asset Managers– $98K/annum | Asset managers work on procurement, valuation, management, disposition of the property, the related documents, and pertinent company data. |
Real Estate Development Managers – $96K/annum | Development managers oversee day-to-day operations in real estate development. They are responsible for the growth of the company. |
Source: BLS
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:
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