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Professional

 

Should you go for a certificate, diploma, or a degree in real estate? 

You should get some kind of real estate qualifications on top of your license; especially if you are a new agent!  It is very impressing when your business card has an abbreviation such as Dip. R.E., it tells your clients you are knowledgeable and committed in your real estate career and they will have more confident in working with you.

Should you go for a professional designation instead of an academic qualification?

It depends.  In real estate, professional designations are good for networking.  Some of them are recognitions of your experience and sales volume; while some of them put more emphasis on relevant knowledge. 

Although it is hard to say which one is better to boost your credential and your knowledge, I had done my homework before I applied the master degree program (see my opposite viewing points at Designations page): 

  1. Academic qualification costs you less money.  The fact is that you have to pay annual dues for your professional designations; and once you have your diploma, you can keep it for life FREE.  I have surrendered two designations just because I did not want to the annual fees.
  2. You can keep your academic qualification without other requirements, but not for all designations.  Many professional associations require their members to take continuing education courses in order to keep their designations.  The rationale of having continuing education is good, but sometimes that is too much for people who have too many designations.
  3. The general public can easily tell what an academic qualification is.  Abbreviations such as Dip RE and Cert. RE clearly indicate they stand for Diploma in Real Estate and Certificate in Real Estate.  To the worst, a Dip BD will at least tell people that it is a diploma qualification, although the abbreviation BD needs explanation (such as Building Design).  Most of the designations in real estate are not well known to the public, even real estate practitioners may not be able to tell all of them.  One of the reasons is that, unlike the abbreviation used in diplomas, abbreviations used in designations are not internationally standardized.
  4. You can keep your academic qualification forever, but not designations.  I hate to say this but this is a fact.  For someone who violate the association's rule, such as unethical behaviour, or even committed a crime; their designations will be revoked.  An institution will not take back the diploma they granted you no matter what you do after your graduations. Don't get me wrong, I am not saying that you can do whatever you want after getting your academic qualification.

As a real estate agent, you may not have time to go to a class for the lecture.  You need flexibility in study.  Distance learning is the only way to satisfy your need.  There are not too many institutes offer programs in real estate; among them just a few offer distance learning option.  Below are some of the institutes that offer distance learning real estate programs:

Fox College of Business (Canada) – Certificate and Diploma Programs

Sauder School of Business (Canada) – Certificate, Diploma and Degree Programs

University of Reading (UK) – MBA; Construction and Real Estate

University of Salford (UK) – MSc, PgDip, PgCert; Real Estate and Property Management

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