Attending a real estate college can open up doors of opportunities for students interested in a career in this industry. Many real estate programs offer students with an extensive foundation in accounting. These students can go on to become financial brokers, land and farm brokers, private investors, mortgage brokers, home appraisers, commercial real estate managers, landlords and/or independent brokers. The vast scope of the career options that can be pursued by students interested in this field of work makes it highly attractive to many graduates.
Real estate programs usually offer four-year degrees, but there are some programs that offer five-year degrees as well. There are also degree programs that focus solely on a particular subject, such as a master's degree or a Bachelor of Science in Real Estate Administration (BSRA) course. These courses may offer more emphasis on finance or the real property management side of this industry. A master's degree, however, will usually take students about five years to complete and can be completed entirely online.
In order to become a professional real estate broker or realtor, realtors usually first attend some type of an education and training program that are designed specifically for this career. Many realtors attend state-funded or government-approved training and education programs, such as those run by the National Association of Realtors. Once they graduate from these programs, they often take a licensing exam to become licensed realtors. Depending on their specific state requirements, however, some states require their realtors to become licensed prior to working in the field.
A real estate program will usually include a major focused on accounting, so students interested in pursuing a career in this field may want to select the accounting major as one of their courses. Other courses that may be considered are public policy, entrepreneurship, business law, real estate management, contract law, land law, financial and business administration, real property management, business management and the theories of real estate financing, real property appraisal, and the history and principles of the real property market. Many realtors also take courses that cover the history of the real property market and the principles of realty investing. Real estate courses typically include information on legal, zoning and building codes, real property investment, loan procedures, marketing, purchasing and selling real property, sales negotiation, lease negotiation, financial and business administration and many other aspects of realty investing.
Realty programs typically do not include the courses in marketing and business, although students interested in the field of marketing or business may choose to take these courses to supplement their degree and expertise. Students may also elect to take courses on marketing and business law and marketing strategies in an attempt to increase their ability to communicate in this type of language. Some realtors may choose to take courses on how to operate the realty business itself, such as business planning, sales, operations and finance.
When attending a university that offers a realty program, graduates may have the opportunity to participate in internships with realtors or realty companies, or in some cases, they may pursue a full time career with one of these companies upon graduation. With realtors and companies that hire interns, graduates who prove that they are a good fit will be offered an internship. For students who are ready for a higher level of responsibility, they may choose to start their own business.