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Property Science

Property Science

A specialized course under Business & Economics

Course Details

Real estate and property administration train students about advantageous methods to manage, administer, and sell property owned by another party or entity. Professionals may additionally cope with all factors associated to a property, from discovering viable buyers, retaining house integrity, or making sure tenants respect their contractual obligations. Managed houses consist of residential and vacation properties, industrial retail space, or industrial warehouse space. The real estate and property management discipline deals with four primary areas: advertising and marketing and financial aspects, tenant and occupancy, facilities of the property, and administration and risk.

Real estate and property administration combine theories from different disciplines like accounting, finance, business administration, and strategic management. Students will reap in-depth information of property maintenance and functional and aesthetical development of buildings. Future gurus understand records associated to operating expenses and budgeting. Property managers develop negotiation and verbal exchange skills, as they have to resolve disputes between tenants, negotiate costs when promoting properties, and carry out their clients’ requests. Graduates can discover careers in the discipline working as real estate appraiser/broker, investment analyzer, company asset/property manager, community association manager.

Objectives of the course:

  • Enabling students to build their knowledge across a range of disciplines around the real estate including finance, investment, economics, environmental policy, planning, and law
  • Enabling students to build on previous study and work experience across real estate and related disciplines
  • Equipping students to take leadership positions in the industry and develop their understanding of key skills in management, innovation, strategy, negotiation, partnering, and risk management
  • Providing opportunities to learn from colleagues from different cultures, work backgrounds, and experiences from different countries with different social, economic, and legal systems
  • Providing students with the skills to manage information and resources effectively and to be able to manage their own research
  • Building a passion for research and strategic thinking

Career Prospect

An international degree in Property Studies that prepares you for the real estate industry will open a host of career possibilities. If you are confident, love dealing with people, thrive on working unconventional hours, and prefer to enter a quite moneymaking industry, working in real estate might simply be your dream career. However, it is also a risky industry that requires excessive moral requirements from its practitioners. After all, you will often be involved in high-value transactions that would possibly represent the most necessary economic choices ever made by your clients, so treat them with respect. Generally, real property dealers (or realtors) lease, manage, value, purchase and sell the residential, commercial, and industrial property or corporations on behalf of their clients. To be profitable and successful requires dedication, professionalism, and a real dedication to turning in top-quality customer service.

Career Opportunity

A real estate degree prepares you for work in property management but also equips you with highly-desirable, transferable commerce and business skills

Jobs directly related to your degree include:

  • Building control surveyor
  • Building surveyor
  • Commercial/residential surveyor
  • Land/geomatics surveyor
  • Planning and development surveyor
  • Rural practice surveyor
  • Jobs where your degree would be useful include:
  • Chartered loss adjuster
  • Construction manager
  • Estate agent
  • Estates manager
  • Facilities manager
  • Historic buildings inspector/conservation officer
  • Housing manager/officer
  • Landscape architect
  • Mortgage adviser

Employment Opportunity

Graduating with a real estate degree will set you up for success in a range of plausible jobs, no longer in the least constrained to the following: brokers and real estate agents, real estate developers, appraisers and assessors, property managers, real estate licensing and education, and corporate real estate finance. Overall, salaries for these positions will differ relying on your training, skill level, degree, and experience.

In 2018, the United States Bureau of Labor Statistics reported a median average of $50,300 per year and $24.18 per hour salaries for entry-level real estate brokers and agents. And think that a real estate degree will position you to probably enter at a greater salary, and also supply you the tools to begin at the company level, if so desired. For example, according to RealEstateExpress, if you work as a land administration manager, you will possibly earn between $148,149 and $182,362.

Course Under Science

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