As demand for new real estate degrees increases, the number of colleges offering them is growing.
The number of programs offering degrees in real estate has jumped in the past two years.
But the demand for these courses isn’t keeping up.
“I think that’s a challenge,” said Michael Tashman, president of the Michigan Association of College Real Estate Schools.
“It’s a constant problem that we’re having,” he said.
He said there’s a shortage of students with the right credentials and the demand is rising.
Students are applying to more than 100 schools in Michigan, and Tashmann said there are now more than 2,000 programs in Michigan offering real estate degree programs.
Students who are accepted to those programs must have the required coursework and meet certain criteria.
They must be at least 18 years old, be enrolled in an accredited college or university and have an average grade point average of 3.9 or better.
They must also pass an exam.
They are not required to have the coursework.
The programs are required to accept applicants who have at least a 3.0 grade point-average and pass a two-hour exam that students must pass in a lab.
Tashman said the demand has increased over the past couple of years.
“This is the biggest one in the state right now,” he told Recode.
The demand for this type of real estate education is increasing in part because of a federal law that requires more schools to accept new applicants, he said, but that doesn’t mean there aren’t demand for it.
“People are more interested in what’s happening right now in the market,” he added.
“If you’re not going to do it right now, there’s going to be a point when it’s not going, and it’s going away.”
Tashmans program, for example, is accepting applications from students who have a 3 and above average GPA.
“Students who have that kind of GPA are coming in with a much higher GPA than the ones who are doing well,” he explained.
“We’re seeing a very significant increase in applications, and we’re seeing more and more people taking our course,” he continued.
Tushmans program is located in Michigan’s northern and western regions.
The school offers a real estate management degree, as well as a certificate in commercial real estate.
“What we do is help them get their real estate license and move to a location, and then move in to a realty office,” he noted.
Students at the school can earn a master’s degree and a master of commercial realestate degree, and the degree programs offer an additional certificate of completion for the real estate licensing course.
“There’s not an issue with the degree,” Tashmans said.
“It’s just one of the steps to get the realtors license and become a realtor.”
Tishmans program offers students two years of college credit, plus three years of realtoring certification, as part of the two-year program.
“The program is focused on real estate business,” he stated.
“Our goal is to be the best place to learn about real estate.”
The real estate department at the Michigan Department of Licensing and Regulation has been offering training for students in real property for the past year.
“As demand increases, we’re always looking for ways to expand our training,” spokesperson Jennifer Fennell said.
Fennell noted that students who are approved for the program are able to earn up to $25,000 in realty licenses.
“Our goal for the state is to provide as many qualified graduates with as many opportunities as possible,” she added.