Real Estate/Property Management

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Overview

  • Delivery: Evening Classes
  • Start: Fall or Spring Semester, Full- or Part-Time
  • Location: Apple Valley Site

Outcomes

Major Description

This program prepares students to manage and market residential, commercial, industrial and investment real estate. Students are trained to estimate the value of residential and investment properties across the nation. Coursework includes 90 hours of pre-licensing education required for the Minnesota Real Estate license examination.

Work Environment

Property Manager: A property manager is responsible for making sure the property they manage meets the owner's goals and objectives. This work includes screening prospective tenants, showing rental space and/or apartments, negotiating leases, problem solving and customer service. This work will lead to a career in managing and training other property managers.

Real Estate Sales: A real estate salesperson will learn how to qualify prospective buyers, show properties, write and negotiate contracts, estimate the value of residential and/or investment properties and market homes, condominiums, townhomes and investment properties.

Potential Job Titles

  • Apartment Rental Agent
  • Real Estate Agent
  • Realtor
  • Real Estate Closer
  • Condominium Manager
  • Facilities Coordinator
  • Housing Manager
  • Property Administrator

Salary Data

  • Residential Property Managers
    • Entry-level Leasing Agent: $14 to $18/hour
    • Resident Manager: $28,000 to $45,000/year
    • District/Regional Manager: $45,000 to $65,000/year
    • Senior Management: $65,000 +
  • Real Estate Sales
    • Commission Sales Average: $2,700 to $5,940 for $200,000 home
    • Many successful sales agents earn $100,000/year or more
    • Salaried careers available in financing, training and management

Career Opportunities

According to research conducted by Salary.com and MONEY Magazine, property manager ranks #23 on a list of Best Jobs in America. Real estate appraiser is ranked #8 on the same list. The U.S. Department of Labor indicates that the demand for property managers will increase 15 percent by the year 2016. A growing need also exists for community association managers.

Academic Advisor

Dean

  • Gary Hebert
    Dean of Business, Technology & Customized Training

Instructors

Martin Otto 651-423-8453 martin.otto@dctc.edu BIO

Credit for Prior Learning (CPL)

This program offers Credit for Prior Learning (CPL). Seek credit for life experience to accelerate your progress toward a degree, diploma, or certificate. Read More…

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