New Paradigms in Real Estate Education

Abstract

This paper traces the development of real estate education over the last few decades. It addresses the different schools of thought on what constitutes real estate education; in particular, the US versus the UK models and the dilemmas facing each model. However, with increasing globalisation and the pervasiveness of information technology, the more fundamental issue facing real estate education today is its relevance to the professions as well as in the new knowledge economy. Both the curricula and the mode of delivery will need to accommodate these changes. New educational paradigms such as life-long learning, problem-based learning, and creative thinking will dictate the development of the real estate curricula. Information technology tools will change the traditional learning environment. To meet the challenges of these changes, both academic institutions as well as professional bodies need to re-examine the type of real estate graduate that will fit the future work place and the education that will give the desired outcome.