Affordable Online Bachelor’s in Real Estate Degrees

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Real estate professionals help people find their ideal home or place of business. With the number of American cities projected to grow in the coming years, it’s an exciting time to earn a real estate degree, gain licensure, and enter the field. Roles for both real estate appraisers and property managers are set to grow by 8% between 2014 and 2024. Online real estate degrees teach students the skills they need to become successful real estate professionals.

Online Bachelor’s in Real Estate at a Glance

Fast Facts

Time to Complete Full-time students with no previous college coursework usually need four years to complete the program.
Credit Hours Between 120 and 128 credits
Concentrations
  • Principles of Real Estate
  • Real Estate Investments
  • Residential and Commercial Appraisals
  • Research in Real Estate
Accreditation Students should look for programmatic approval by the Accreditation Council for Business Schools and Programs (ACBSP).
Additional Info To work as a real estate broker or sales agent, individuals must be licensed by their state. Licenses are not transferable across state lines. Internships aren’t a requirement in most programs, but students can spend time interning with an established real estate agent to learn the finer points of the business.

What are the Most Affordable Online Bachelor’s in Real Estate Programs?”

4 Affordable Online Bachelor’s in Real Estate Degrees
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1

University of Memphis

Value Score 6.97
Average Tuition $7,320
Students Receiving Financial Aid 77%
Net Price $10,883
Graduation Rate 45%
Student to Faculty Ratio 14:1
Admissions Rate 39.78%
Enrollment Rate 31.74%
Retention Rate 31.74%
Percentage of Students in Online Programs 31%
Number of Online Programs 17

UofM offers an online bachelor's of business administration in finance with a concentration in real estate. The business school at UofM is the only one in the greater Memphis area that is fully accredited by the Association to Advance Collegiate Schools of Business.

The 120-credit degree can be completed entirely online, with no on-campus requirements, and UofM accepts transfer credits from other colleges and institutions. The online bachelor's degree in real estate curriculum prepares students for a variety of careers in real estate; graduates work in real estate development, valuation, investment, banking, mortgage banking, government, property management, and real-estate sales.


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2

University of West Georgia

Value Score 6.51
Average Tuition $4,181
Students Receiving Financial Aid 72%
Net Price $13,101
Graduation Rate 39%
Student to Faculty Ratio 20:1
Admissions Rate 56.88%
Enrollment Rate 53.78%
Retention Rate 53.78%
Percentage of Students in Online Programs 47%
Number of Online Programs 1

UWG, located in Carrollton, offers a bachelor's of business administration in real estate program, which is accredited by the Association to Advance Collegiate Schools of Business. Students may complete up to 80% of the degree online, but some on-campus visits are required.

The 120-credit online real estate bachelor's degree program is one of the most affordable bachelor's degrees in real estate programs available. Since the majority of courses are offered online, students may waive fees associated with in-person learning. Plus, online students pay in-state tuition rates, regardless of residency. Graduates with their online bachelor's degree in real estate pursue careers in commercial and residential real estate, sales, appraisals, mortgage banking, and investments.


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3

Clarion University of Pennsylvania

Value Score 5.81
Average Tuition $7,060
Students Receiving Financial Aid 73%
Net Price $14,533
Graduation Rate 50%
Student to Faculty Ratio 18:1
Admissions Rate 96.07%
Enrollment Rate 44.78%
Retention Rate 44.78%
Percentage of Students in Online Programs 45%
Number of Online Programs 9

Pennsylvania's Clarion University offers a bachelor's of science of business administration in real estate that is available both on-campus and online. The program prepares students for roles dealing with appraisals, brokerage, development, investments, property management, and finances. The program includes hands-on learning opportunities and field projects to prepare students for careers in real estate. Students interested in law school may pursue a law concentration, which requires on-campus enrollment.

Pennsylvania residents receive discounted tuition rates, and further discounts are available for online students. Resources for students earning their bachelor's in real estate online include online orientation events, health and wellness programs, and tutoring services. Coursework is delivered through the Desire2Learn platform.


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4

East Tennessee State University

Value Score 5.59
Average Tuition $6,504
Students Receiving Financial Aid 71%
Net Price $12,516
Graduation Rate 43%
Student to Faculty Ratio 17:1
Admissions Rate 79.22%
Enrollment Rate 30.58%
Retention Rate 30.58%
Percentage of Students in Online Programs 38%
Number of Online Programs 6

ETSU offers a finance business administration degree online program with a concentration in real estate. The 120-credit BFBA program requires 27 major credits, along with coursework in business and general education. Topics of study include urban and regional economics, principles of real estate, and appraisals.

ETSU's department of economics and finance is one of 25 finance programs chosen by the Tennessee Valley Authority to participate in the TVA Investment Challenge, which provides students opportunities to use real-world skills. Participating students manage an active stock portfolio while competing with students at other colleges. ETSU provides resources for online students, including online orientation programs, advising services, and technical support.


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What Can I Do With a Bachelor’s in Real Estate Degree?

Because brokers and sales agents are so prominent within the industry, it’s easy to forget that a myriad of other professionals – including appraisers, analysts, property managers, and assessors – also work in the field. Salaries in these careers are higher than the national average. Most real estate professionals spend their time split between the office and various properties. Some of the jobs available after earning your online bachelor’s degree in real estate include:

Real Estate Broker

$46,410 Avg Annual Salary
High School Diploma Degree Required

These professionals work with residential and commercial clients to help them buy and sell property. In addition to being well-versed about their city, they must also know how to complete real estate transactions. Though a bachelor’s degree isn’t required, real estate agents with this level of education have an advantage over their peers.

Projected Growth Rate 3%

Real Estate Appraiser

$51,850 Avg Annual Salary
Bachelor’s Degree Degree Required

Real estate appraisers verify public descriptions of properties, inspect new and existing structures, and photograph buildings. Appraisers analyze comparable properties to help provide an accurate estimate of the property’s value within the current economy. This position requires a bachelor’s degree.

Projected Growth Rate 8%

Property/Real Estate Managers

$57,040 Avg Annual Salary
High School Diploma Degree Required

Real estate appraisers verify public descriptions of properties, inspect new and existing structures, and photograph buildings. Appraisers analyze comparable properties to help provide an accurate estimate of the property’s value within the current economy. This position requires a bachelor’s degree.

Projected Growth Rate 8%

Educational Paths for Graduates of Online Real Estate Programs

Advanced degrees in real estate are available, but aren’t common. During a master’s degree in real estate (or an MBA with a concentration in real estate), students take courses in construction, finance, development, and architecture. Those who complete an advanced degree are more likely to be considered for managerial or leadership roles.

What Will I Learn in My Bachelor’s in Real Estate Program?

Below is a list of common courses students will take in their online real estate bachelor degree program:

  • Foundations of Real Estate This introductory course teaches students about the basics of real estate, including deeds, contracts, appraisals, titles, escrow, leases, mathematics, and finance.
  • Real Estate Practice In this course, students learn the skills necessary to be a real estate broker. Specific topics include how to list properties, sales techniques, financing, title insurance, taxation, prospecting, and how to properly use real estate forms. Students learn about both residential real estate and commercial real estate.
  • Economics of Real Estate Students learn to assess the factors that affect real estate prices in their communities. Key factors include business cycles, community growth, and regional shifts in population and wealth.
  • Property Management This course focuses on managing rental properties. Students learn how to execute leases and contracts, start the collections process, select good tenants, and oversee the property budget.
  • Appraisals Students learn how to estimate market values for residential and commercial buildings.

Employment Outlook for Bachelor’s in Real Estate Graduates

Employment prospects for real estate professionals vary in different parts of the country. Real estate professionals are highly successful in Denver, Seattle, Portland, Boston and Raleigh, but have a more difficult time in Detroit, Cleveland, Laredo, and New Orleans. Experience level also impacts the annual earnings for real estate professionals. The following table includes data regarding expected salaries for real estate agents, property managers, and appraisers at different stages of their respective careers.

Median Salary by Experience
Job Title Overall Median Salary Median Salary for Entry-Level Employees (0-5 years) Median Salary for Mid-Career Employees (5-10 years) Median Salary for Late-Career Employees (20+ years)
Real Estate Sales Agent $47,462 $44,000 $60,000 $75,000
Property Manager $46,822 $38,000 $46,000 $53,000
Real Estate Assessor $52,663 $37,000 $49,000 $68,000
Real Estate Analyst $57,737 $58,000 $70,000 $68,000
Commercial Real Estate Appraiser $76,060 $57,000 $67,000 $94,000

Accreditation for Online Bachelor’s in Real Estate Degrees

The two main types of accreditation are regional and national. While nationally accredited institutions typically accept credits from regionally accredited schools, the same is not true in reverse. Nationally accredited colleges and universities aren’t put through the same rigorous review process as those that attain regional accreditation. Students who graduate from institutions with only national accreditation may find difficulty in transferring their credits, gaining licensure and/or certification, or even finding employment. Regionally accredited schools, on the other hand, must meet high standards and take part in a multi-year process to keep their accredited status.

Programmatic accreditation focuses on specific degrees and/or departments. While not all programs receive this kind of accreditation, students considering an online real estate degree should look for schools approved by the Association to Advance Collegiate Schools of Business, which maintains a list of accredited programs on their website.

Financing Your Online Bachelor’s in Real Estate Program

With the right balance of funding, savings, and loans, getting an education is much more affordable. Before anything else, all degree seekers should fill out the Free Application for Federal Student Aid (FAFSA) to learn what scholarships, loans, grants, and work-study funds are available to them from the Department of Education. Students should also research external scholarships. Some scholarships for those pursuing an undergraduate real estate online degree are listed below.

Scholarships for Online Real Estate Bachelor’s Programs

Real Estate Scholarships

Illinois Real Estate Educational Foundation Up to $2,000

ILREEF offers numerous scholarships, including one for minority students studying real estate at the college level.

Scholarship Deadline: April 1

Eligibility Requirements: Applicant must be a resident of Illinois with a 3.0 GPA who plans to study real estate.

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Appraisal Institute Scholarship Up to $2,000

Scholarships are available to students majoring in real estate who plan to work in appraisal upon graduation.

Scholarship Deadline: April 15

Eligibility Requirements: Student must be at least a sophomore, must demonstrate a strong academic record, and write a 200 word personal statement to apply.

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The Mildred C. Hanson, SIOR Memorial Scholarship $4,000

Student must be a female pursuing an undergraduate degree in real estate at an accredited college or university.

Scholarship Deadline: July 31

Eligibility Requirements: Student must be at least a sophomore, must demonstrate a strong academic record, and write a 200 word personal statement to apply.

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Linda Norton Good Neighbor Scholarship $1,000

This scholarship is awarded to outstanding students in the Poudre School District of Colorado. Students must be pursuing a degree in business or economics, but real estate students are preferred.

Scholarship Deadline: April 1

Eligibility Requirements: Student must hold a GPA of 3.5 or higher and be planning to enroll in a postsecondary program in Colorado.

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Pension Real Estate Association Varies

PREA offers scholarships to students majoring or concentrating in real estate at the undergraduate level.

Scholarship Deadline: Spring

Eligibility Requirements: Student must be studying real estate, hold at least a 3.0 GPA, and demonstrate financial need.

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