Probably, it is well-known for everyone that the real estate industry builds, manages, maintains or renews places for work, living, recreation and leisure, and so on. It also represents one of the largest industry sectors in the economy of every developed country. So, land and buildings are an essential part of almost every economic activity of real estate industry which concerns every move wherever a market for goods and services exists. Real estate business doesn't always represent local perimeter matter; it has national and international dimension of functioning, and - what's more important - skills and knowledge are readily transferable to the global arena.
The department of real estate generally offers a combined study of finance and real estate which provides the development of special competency in real estate law, structuring real estate transactions, skills in real estate valuation techniques, and an in-depth understanding of the principle mortgage markets. After graduation students mostly choose the career in real estate development, management and commercial lending.
So, employment opportunities can be found in real estate development, real estate management or leasing and tenant representation, mortgage banking and brokerage, and commercial, residential and industrial brokerage. The department of real estate eventually provides highly-trained employees that are needed for positions in appraisal, investing, lending, consulting, market research, financial analysis and capital markets. Mostly, people engaged in real estate industry create commercial real estate networks that connect tenants and investors with property owners, agents, and other real estate professionals discovering how to make money investing in apartments, mobile home parks, shopping centres, hotels, and other commercial income property.
The main educational role of the department of real estate concerns operation of the real estate finance and development concentration at MBA level, which means to combine the general graduate level business education provided by MBA program with courses that specialize in real estate. Real estate programs taken within the department of real estate are created to develop analytical and technical competence of the students and also to teach them understanding of all the processes conducted within the real estate industry. Consequently, each student has an opportunity to become a manager and a leader within the real estate industry.
Real estate assists students to develop critical thinking and reason ability through the process of teaching applied concepts and theory to resolve real estate and real estate related business problems. These objectives are accomplished through providing instruction to traditionally enrolled undergraduate students majoring in real estate and land use economics, and servicing non-real estate and land use economics students. A second major objective represents research that contributes to our understanding of real estate and land use economic issues maintenances.
MBA degree in real estate will be, for sure, only a benefit for a student and may provide broader horizons in finding a job after graduation, because the demand for qualified real estate professionals continues to increase, as the real estate industry is being transformed by economic, social, regulatory, and demographic factors all over the world.