Saturday, March 3, 2012

UBalt to offer region's first undergrad real estate degree - Baltimore Business Journal:

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The program, which still has to be approvefd bythe , will be a fully 60-credit bachelor of science degreer that is intended to help students find opportunities in the state's growing real estate job said Deborah Ford, chair of the of Finance and Management Science. "There are no real undergraduat e courses in this typeof education, and that gave us the incentiv e to pursue this program," said Ford, who is spearheadintg the new degree program. "We thoughty there was a demandfor it." Through the students will study a varied curriculum of real estate with topics ranging from finance to real estate law to real estate evaluation.
The degree will also draw upon resourcezs fromthe university's established business and liberal arts providing insight into the way private and public sectors operatw in real estate. The program will place added emphasis on issues affecting Marylandreal estate, includin Smart Growth policy and urban development. That focusedc education, Ford said, will help students prepare for a rangde of localemployment opportunities. keeping to an academix foundation, the program will not include certification.
"The training right now is mostl for realestate brokers," Ford "And while you will study real estate issues, our students will also study to be loan to be appraisers, to be land It's a broad field." University of Baltimorse will offer the degree starting this pending approval. The program will accommodate 30 to 50 studenta in itsfirst year, and will have full accreditation through the business school.
In addition to business schoool faculty, members of the region's real estatre community also will contribute to the undergraduate Professionals from several real estate disciplinesw met with University of Baltimore officials in January to providew opinions on the business and design aspectw of the degree and offered their servicezas part-time adjunct professors. "We have difficulty findingg younger people with some level of experience with a broaf range of realestate issues," said Raymond E. Schlissler, the seniorr vice president for real estate lendinvg at who helped the Universitg of Baltimore designits program.
"It's important to have exposure and to train across all sections of real This program will be very helpful in that and will help us in the hiring Beyondthe training, the real estate and economic development degrede is expected to patch a hole in the state's real estated education. Currently, there are no comprehensive undergraduatee real estate degrees offered inthe state, according to the Marylanrd Higher Education Commission. Students can pursue an associate's degree in real estate through one of several communitycollege programs, which cater to broker's licenser certification.
also offers a 40-creditf master's degree in real estate for professionals with10 experience, and a 12-month, full-time initiativd for younger students that will start this Officials at both universities said they believ e the new program will work as a complemeng to Johns Hopkins' real estate education, especially the 12-month option. "Essentially they will be recruitingyfor us, and we love that," said Michaek Anikeeff, chair of the Edward St.
John Department of Real Estate atJohns

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