Earning a real estate degree online will help you launch your career as a broker, agent, property manager, or assessor. It also prepares you to pursue a graduate degree in business or law. While a bachelor's degree helps brokers advance their careers, the degree is required for property assessors and real estate lawyers.
At some schools, real estate is an optional concentration for finance or business majors, while other schools offer a real estate major. The Bureau of Labor Statistics projects an 8% employment growth for real estate professions, making now the perfect time to earn a real estate degree online.
What are the best real estate programs of 2020? Here are our top 3:
|1||University of West Georgia||Carrollton, GA|
|2||Clarion University of Pennsylvania||Clarion, PA|
|3||University of Memphis||Memphis, TN|
Choosing a Program
Degrees in real estate emphasize practical coursework to prepare students for careers in sales, finance, and property management. The degree also lays the foundation for law school and a career as a real estate attorney. Although real estate as an academic discipline falls within the fields of finance and business, some schools offer stand-alone real estate majors due to the significant changes occurring in the industry. Other institutions offer degrees in business or finance with a concentration in real estate.
Online real estate programs include classes in property management, which cover contracts, leases, maintenance, and property manager duties. Coursework in real estate economics and finance teach students about markets, taxation, mortgages, and real estate fees. Classes in real estate law prepare students for law school, and classes in taxation and valuation provide knowledge required for finance-related real estate careers.
What Are The Best Online Bachelor's in Real Estate Programs?
University of West Georgia
|Carrollton, GA||Cost: $$$$$||Graduation Rate: 42%||
UWG offers nearly 90 bachelor's, master's, and doctoral programs, including several online options. UWG's Richards College of Business also offers an online bachelor's degree in real estate.
This program prepares graduates for careers in real estate, brokerage, appraising, and investment analysis. The curriculum comprises 120 credits. Relevant courses include strategic management, real estate principles, real estate investment, income property appraisal, and residential appraisal. While students complete most requirements online, distance learners must complete 20% of required coursework on campus. Admissions requires SAT or ACT scores.
UWG is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Clarion University of Pennsylvania
|Clarion, PA||Cost: $$$$$||Graduation Rate: 53%||
Clarion University of Pennsylvania houses over 175 programs, a diverse learning community, and 160 student organizations. The university offers an online bachelor's degree in real estate that blends theory and practice. Graduates can pursue sales and broker licenses in Pennsylvania. The curriculum requires students to complete at least 102 credits, and students complete all coursework asynchronously.
Admission requires ACT and SAT scores. Students should also submit official transcripts. The program offers an honors track for students with a minimum 3.6 GPA.
University of Memphis
|Memphis, TN||Cost: $$$$$||Graduation Rate: 48%||
Founded in 1912, the University of Memphis offers nearly 100 programs. Distance learners attending the UofM Global campus can earn an online bachelor's degree in real estate without ever visiting campus, although online students may also opt for blended learning. The 120-credit curriculum includes courses in real estate finance, real estate principles, commercial banking, and investments. UofM delivers all program coursework asynchronously.
UofM has offered the lowest fee increases and tuition in Tennessee for over five years. Furthermore, over 90% of students receive financial assistance. Students with a minimum 3.25 GPA qualify for in-house scholarships.
The UofM's Fogelman College of Business and Economics is accredited by the Association to Advance Collegiate Schools of Business International.
What Else Can I Expect From an Online Bachelor's in Real Estate Program?
Selecting the right online real estate degree is a personal decision. Some schools offer degrees in finance or business with a concentration in real estate, while others offer a dedicated real estate major. Students should consider their academic and career goals before choosing a program.
CURRICULUM FOR AN ONLINE BACHELOR'S IN REAL ESTATE
Real estate degree requirements vary by program. Some programs emphasize business or finance, and others focus on practical skills necessary for real estate careers. Required coursework depends on the department's objectives, but below are classes found in most online real estate degree programs.
- Principles of Real Estate: This basic course introduces students to the discipline and covers the fundamentals and vocabulary of real property investment and management. This class helps students meet the academic requirements for state licensure in real estate sales.
- Real Estate Law: This course covers real estate's legal relationships and instruments and provides an academic foundation for students in finance, pre-law, paralegal studies, or property management. Topics include zoning, environmental regulations, wills, and contracts. The course reviews property investment, ownership, purchase, sales, and inheritance laws.
- Real Estate Appraisal: Essential for future assessors, this course focuses on real estate appraisal techniques. Some schools divide the course into two sections: investment property and residential property. Both classes cover the concepts and principles of market value and its effect on economic, social, and political life.
- Real Estate Finance: This course provides a comprehensive look at the real estate industry's financial institutions. Students discuss mortgages, investment loans, property value, foreclosure, and purchase cost, as well as general theories of real estate finance.
- Real Estate Management: Fundamental to understanding property management and related careers, this course serves as the capstone for some real estate degrees. Topics include property maintenance, community management, and real estate marketing. Students learn fundamental management principles, such as strategic decision-making, program evaluation, and problem-solving strategies.
HOW LONG DOES IT TAKE TO GET AN ONLINE BACHELOR'S IN REAL ESTATE?
Real estate degree online programs require at least 120 credits — four years of full-time study. Accelerated programs allow students to take one course every five weeks or two courses every eight weeks throughout the calendar year. Real estate students typically take about 60 credits in general education courses, with the remaining credits comprising electives and major courses. Degrees in finance or business with a concentration in real estate include courses in both business and real estate.
Prospective students should consider whether individually paced or cohort-based learning best fits their lifestyle. Students in individually paced programs complete coursework at their own speed. Students in cohort-based programs, on the other hand, move through the program in small groups.
Accreditation for Online Bachelor's in Real Estate Degrees
Students pursuing a bachelor's in real estate degree online should look for regionally accredited schools. Six regional accrediting bodies accredit academically oriented institutions in the United States. Law schools, business schools, and state licensing committees typically require a degree from a regionally accredited institution.
National accrediting bodies focus on career-oriented programs. Many business management programs at regionally accredited schools also hold national accreditation with the Association to Advance Collegiate Schools of Business, the International Assembly for Collegiate Business Education, or the Accreditation Council for Business Schools and Programs. Ideally, schools offering an online real estate degree should hold regional and national accreditation.
The U.S. Department of Education (ED) and the Council for Higher Education Accreditation (CHEA) recognize regional and national accrediting bodies. The ED oversees U.S. schools and the enforcement of educational law, including reviewing accrediting agencies. CHEA is a private organization composed of degree-granting colleges and universities and recognized accrediting agencies. Students can find a list of all accredited schools on the ED and CHEA websites.
Employment Outlook for Bachelor's in Real Estate Graduates
BACHELOR'S IN REAL ESTATE CAREERS
The growing field of real estate offers career options in sales and with mortgage companies and law firms. Earning a real estate degree online prepares students to work as agents or brokers, property managers, and real estate paralegals and lawyers.
- Real Estate Broker or Agent
These professionals help people buy, sell, and rent residential and commercial property. A broker holds a license to manage a real estate business, and an agent works for a broker. Brokerage firms prefer employees with a bachelor's degree in real estate.
Median Annual Salary: $46,410
Projected Growth Rate: 3%
- Real Estate Appraiser or Assessor
Appraisers and assessors visit properties to determine the value of land or buildings before a sale, construction project, or tax assessment. Appraisers and assessors are certified, which typically requires a bachelor's degree.
Median Annual Salary: $51,850
Projected Growth Rate: 8%
- Property Manager
Property managers work in residential, commercial, or industrial settings. They are responsible for a facility's external appearance, maintenance, marketing, sales, and residential or customer service.
Median Annual Salary: $57,040
Projected Growth Rate: 8%
- Construction and Building Inspector
Experienced construction workers with a degree in real estate may become inspectors, who review new construction and existing properties to ensure they meet zoning requirements, local ordinances, and contract stipulations. Most states require certification.
Median Annual Salary: $58,480
Projected Growth Rate: 8%
- Real Estate Attorney
Real estate lawyers represent the needs of buyers, sellers, agents, and mortgage companies. They may begin their careers as paralegals or real estate agents or may launch a career in this specialized field after passing the bar exam.
Median Annual Salary: $118,160
Projected Growth Rate: 6%
BACHELOR'S IN REAL ESTATE SALARY
Graduates of real estate degree programs can expect above average job growth. Salaries of real estate professionals vary by workplace, experience, education, and geographic location. The following table highlights the five highest paying states for real estate brokers and agents.
|Hourly Mean Wage||Annual Mean Wage|
Financing Your Online Bachelor's in Real Estate Program
An online real estate degree can be surprisingly affordable, but most students still need help financing higher education. Fortunately, federal and private financial aid programs are available to help students pay for their degrees. Begin by completing the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for federal scholarships, grants, loans, and work-study programs. Many institutional and private funding opportunities also require the FAFSA.
Approximately two-thirds of today's college students rely on loans to fund their education, but there are plenty of overlooked financing options you can use to reduce your overall student debt.
Completing the Free Application for Federal Student Aid (FAFSA) is a crucial first step for any student with financial needs. Our FAFSA guide features a step-by-step rundown on the process and answers to several frequently asked questions.
Financial aid for online learning is equivalent to what you'll find for campus-based learning, but that hasn't always been the case. Learn about the changes that have taken place, as well as the different funding opportunities available to online students.
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