Find out how to grow an immovable property. Study the criteria of education and training, and learn about the skills you need to advance your real estate development career.
Will I be a developer of real estate?
Real estate developers are businessmen who purchase land, plan it for development and manage the process of construction. Such properties may be either industrial or residential. And, they ‘re still spending time debating proposals and public hearings. Many land developers move frequently, splitting their time between working on the site or in the field of their business.
Many real estate developers are self-employed and come from many educational backgrounds, making the necessary skill sets quite varied for success in this field. In February 2020, PayScale.com announced a median annual wage of $95.253 for commercial real estate developers.
Career Prerequisites
| Degree Level | Bachelor’s degree is standard; some employers prefer MBA |
| Degree Fields | Civil engineering, business, and management |
| Certification | Certification available but not required |
| Experience | 5+ years of experience |
| Key Skills | Excellent communication, leadership, problem solving, interpersonal, analytical, presentation, and project management skills; proficiency in Microsoft Office; the ability to read and understand blueprints; knowledge of construction and architectural design |
| Salary (2020)* | $95,253 (median annual salary) |
Steps to Create an Immobilien
Let’s go over the steps you need to take in order to become a real estate developer:
Stage 1: Gain a Bachelor’s Degree
Although obtaining a bachelor’s degree is an essential step in becoming a developer of real estate, the degree does not have to be in a particular subject. Many majors have courses that can help improve the skills required for the position by aspiring real estate developers. Civil engineering, business , and management are important topics. A Civil Engineering degree can be useful because it can help students understand how things are made. Company or management courses, in addition to learning about current business methods, will help students improve rational reasoning skills , critical thinking and analytical abilities.
Tip for Success:
- Strong communication skills grow. Clear communication skills are an important element needed by developers of real estate when communicating with various individuals. Students can find courses in communications, English, and public speaking to learn and improve these skills.
Stage 2: Get Real Estate Experience
A lot of professionals gain experience by working in a related field, such as real estate, before beginning a career as a real estate developer. To gain exposure in the industry, one may search for entry-level positions that require the production, purchase, or sale of real estate. Planning or consultancy jobs may also help train people for a career as a real estate developer.
Tip for Success:
- Become a real estate agent authorised to you. Obtaining a real estate license will allow individuals to improve their knowledge in communication and transactions, as much of the job relies on excellent interpersonal skills. Therefore, it is important to familiarize yourself with the housing prices in the local market to help make wiser investment decisions once you become a developer. Eventually, this is a great way of networking and attracting new customers when establishing relationships with other industry leaders.
Step 3: Find a Degree with a Master
Master ‘s programs in real estate development can help students learn about the problems commonly faced by real estate developers including design , planning, land use and environmental regulations. Many of these programs combine various fields, including city and regional planning, economics, architecture and building science, public policy, law, sustainability, and management. Students participating in a real estate development master’s program should also expect to learn about negotiation, marketing , economics, local history, and structuring of transactions in all capacities, including manufacturing, office , retail, commercial , and residential. Certain related majors may include strategic planning or economic development.
Tip for Success:
- Start a practicum. Most real estate technology master ‘s programs give students multiple opportunities to gain experience in training for their first jobs in the industry. Students may make useful friends by engaging in an internship, and learn how to apply the skills they have gained in a professional setting. There may also be services for the mentoring. Students work one-on-one with industry professionals through a mentoring program and learn how to contribute to the communities, serve clients, work with peers, and manage their businesses.
Phase 4: Focus on Certification
While qualification is voluntary, one can explore the Accredited Land Consultant (ALC) credential of the Realtors Land Institute. Individuals may need to request multiple pieces of documents to apply. Some of the qualifications include an active real estate license, at least six months of association membership, and a minimum of three years of real estate experience in areas such as real estate sales, brokerage, or growth. Alternatively, candidates must complete courses and pass an exam through Land University. The status of the ALC shall be valid for as long as membership of the organization remains active.
Stage 5: Pursue Learning
Prospective developers who wish to participate in industry learning may want to pursue a credential or continuing education plan. The Commercial Real Estate Development Association (NAIOP) has programs which lead to an Advanced Study Certificate in Real Estate Development and an Advanced Study Certificate in Real Estate Finance. For receive such certifications, a minimum number of courses must be taken. These courses range from advanced planning techniques, real estate law and land-use regulation, advanced real estate finance, and construction project financial analysis.
NAIOP also provides continuing education services that can help promote learning opportunities and encourage learning. Individuals who wish to complete a continuing education program can choose from eight choices of classes, including advanced accounting, site analysis, construction management and commercial leasing.
You’ll need to get a bachelor’s degree and gain experience in the industry to become a real estate developer.
Popular University
1. University of Pennsylvania
Education Data
School facilities:
- Pennsylvania (field 1)
Programming Info
You can consider areas of research at the University of Pennsylvania including:
- Graduate: Ba, Master’s degree, Master’s degree
- Postgraduate Certificate: certificate of first career, postgraduate certificate, postgraduate certificate
- Degree: Associate, Bachelor’s degree
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Company support and management services
Managing human capital
Control of the information infrastructure
Company worldwide
Merchandising and Sales - Specializing in sales
Public Insurance
Real Estate Trading, Valuation and Finance
2. University of Florida
Education Data
School facilities:
- Florida (cluster 1)
Programming Info
You can consider areas of research at the University of Florida including:
- Graduate: Ba, Master’s degree, Master’s degree
- Certificate of post degree: Certificate of post degree
- Degree: Associate, Bachelor’s degree
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing - Specializing in sales
Real Estate Trading, Valuation and Finance
3. Cornell University
Education Data
School facilities:
- New York Centre (1 campus)
Programming Info
You can find areas of study at Cornell University which include:
- Graduate: Ba, Master’s degree, Master’s degree
- Non-Diploma: Coursework
- Baccalaureate: Bachelor
- Enterprise
Corporate Economics
Business and operations management
Managing Hospitality
Managing human capital - Specializing in sales
Real Estate Trading, Valuation and Finance
4. University of Georgia
Education Data
School facilities:
- Georgia (1 Unit)
Programming Info
You can consider areas of research at the University of Georgia including:
- Graduate: Ba, Master’s degree, Master’s degree
- Baccalaureate: Bachelor
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Managing human capital
Control of the information infrastructure
Company worldwide - Specializing in sales
Merchandising Trend
Public Insurance
Real Estate Trading, Valuation and Finance
5. Marquette University
Education Data
School facilities:
- Wisconsin (field 1)
Programming Info
You can find areas of research at Marquette University which include:
- Graduate: Ba, Master’s degree, Master’s degree
- Postgraduate Certificate: certificate of first career, postgraduate certificate
- Baccalaureate: Bachelor
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Company support and management services
Entrepreneurship and the growth of small businesses
Managing human capital
Company worldwide - Specializing in sales
Real Estate Trading, Valuation and Finance
6. New York University
Education Data
School facilities:
- New York Centre (1 campus)
Programming Info
You can find areas of research at New York University including:
- Graduate: Ba, Master’s degree, Master’s degree
- No-Diploma: Certificate
- Certificate of post degree: certificate of first career, certificate of post master
- Degree: Associate, Bachelor’s degree
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company support and management services
Managing Hospitality
Managing human capital
Company worldwide
Merchandising and Sales - Specializing in sales
Real Estate Trading, Valuation and Finance
7. Northwestern University
Education Data
School facilities:
- Illinois (cluster 1)
Programming Info
You can consider areas of research at Northwestern University including:
- Graduate: Ba, Master’s degree, Master’s degree
- Non-Diploma: Coursework
- Certificate of post degree: Certificate of post degree
- Baccalaureate: Bachelor
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Entrepreneurship and the growth of small businesses
Managing human capital
Control of the information infrastructure
Company worldwide - Specializing in sales
Real Estate Trading, Valuation and Finance
8. Mississippi State University
Education Data
School facilities:
- Mississippi (field 1)
Programming Info
You can find areas of research at Mississippi State University which include:
- Graduate: Ba, Master’s degree, Master’s degree
- Certificate of post degree: Certificate of post degree
- Baccalaureate: Bachelor
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Control of the information infrastructure - Specializing in sales
Public Insurance
Real Estate Trading, Valuation and Finance
9. Temple University
Education Data
School facilities:
- Pennsylvania (field 1)
Programming Info
You can consider areas of research at Temple University including:
- Graduate: Ba, Master’s degree, Master’s degree
- Certificate of post degree: certificate of first career, certificate of post master
- Degree: Associate, Bachelor’s degree
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Entrepreneurship and the growth of small businesses
Managing Hospitality
Managing human capital
Control of the information infrastructure
Company worldwide - Specializing in sales
Public Insurance
Real Estate Trading, Valuation and Finance
10. University of Connecticut
Education Data
School facilities:
- Connecticut (cluster 1)
Programming Info
Research areas you can find at Connecticut University include:
- Graduate: Ba, Master’s degree, Master’s degree
- Certificate of Postgraduate: Certificate of Postgraduate
- Degree: Associate, Bachelor’s degree
- Enterprise
Accounting and accounts
Corporate Economics
Corporate Finance
Business and operations management
Company Marketing
Company support and management services
Managing human capital
Control of the information infrastructure - Specializing in sales
Public Insurance
Real Estate Trading, Valuation and Finance
