Real Estate Programs in the United States by Kerrie S. Mattson Thesis Advisor Dr. Michael N. Baur Assistant Professor, Finance Department fUrL( 11 ~ ?j~ Ball State University April,1996 4!l6!96 - Real Estate Programs in the United States Abstract An evaluation of colleges and universities with real estate programs is presented in this paper. The schools have been divided up by state. Issues that are discussed include tuition, enrollment, selectivity, distribution, library holdings, accreditation, and types of degrees. Using the results of this paper, a comparison of United States colleges and universities can be made. The data is presented as information taken from the tables and exhibits created from the research findings. This type of information is a helpful tool for anyone trying to make a decision between different schools. It is not just for students who wish to attend one of them. 4/26/96 - Real Estate Programs in the United States Introduction This paper is a survey of real estate programs in the United States. The purpose of this research is to provide a listing of real estate programs, degrees awarded, locations, enrollments, total library holdings, tuition, admission selectivity, real estate journal collections, and accreditation. The people who will benefit most from this research include 1) students deciding among schools, 2) professionals in the real estate industry interested in what kind of real estate programs exist and the characteristics of the programs that supply labor to the real estate industry, 3) faculty wanting to survey the number and content of different schools, 4) individuals interested in resources for real estate research, 5) employers interested in hiring students from these colleges and universities, and 6) others interested in supporting real estate education. The paper will discuss the description of the research findings in this study and then draw a conclusion. Real Estate Proarams Table 1 is divided by state, and it identifies colleges and universities offering an Associate, Bachelor, Masters or Doctorate Degree in Real Estate in each state. The table also reveals whether the college or university is accredited by the American Assembly of Collegiate Schools of Business (AACSB). As shown in Exhibit 1, a geographical distribution of real estate programs has been compiled as a result of Table 1. California is the state with the most real estate programs. It has a total of ninety-seven. Most of these programs are those offering an Associate Degree. The state with the second highest number of programs is Texas with fifty-three. A majority of these programs are those offering an Associate Degree in real estate. Delaware, New Hampshire, Vermont, and Wyoming do not have a real estate program, and Alaska, Hawaii, and Montana have - only one. 1 4/26/96 Insert Exhibit 1 Here Summary Statistics about U.S. Real Estate Proerams The information in Table 2 shows the number of programs offering degrees in real estate, tuition plus room and board, library resources, and admissions selectivity. The total of all schools offering programs in real estate is five hundred and ten.l Approximately one out of four schools offering a program is accredited by AACSB. Tables 3,4, and 5 show the data supporting Table 2. Insert Table 2 Here The results of Table 3 identify the location, enrollment, programs offered, total library holdings, and in- and out-of-state tuition for schools that offer Masters or Doctorate Degrees in real estate. Ohio State University has the highest enrollment with 52,183 students. Educating only 8,213 students in real estate, the University of Denver has the smallest enrollment. The University of Michigan possesses the most library holdings with a total of 6,100,000. While Florida Atlantic University is at the bottom ofthe list with only 560,712 Hbrary holdings. The lowest tuition cost is at Georgia State University. For an in-state student, it is only $1,199; and it is $3,674 for an out-of-state student. The most expensive program is at Massachusetts Institute of Technology. The tuition there is $19,000. Insert Table 3 Here The tuition plus room and board for real estate programs is presented in Table 4. 2 The twenty most and least expensive universities offering programs are listed. The most expensive A given college or university may offer more than one program. 2 Financial Aid is not taken into consideration. 2 4/26/96 tuition plus room and board is $24,238 which is at the University of Pennsylvania. Fees of $3,160 make the University of Texas at EI Paso the least expensive university. Insert Table 4 Here Table 5 presents the admission selectivity for real estate programs. The categories are most competitive, highly competitive, very competitive, competitive, least competitive, and not competitive. In the most competitive category there is only one school that met the criteria, the University of Pennsylvania. In general, these colleges require high school rank in the top ten to twenty percent and grade averages of A to B+. Median freshman test scores at these colleges range from 625 to 800 for SAT I (derived by averaging the median verbal reasoning and mathematical reasoning scores) and 29 and above on the ACT. In addition, many of these colleges admit only a small percentage of those who apply-usually fewer than one third. Four universities are listed in the highly competitive category. These four are the University of Florida, University of Missouri at Columbia, Penn State University, and University of Wisconsin at Madison. In general, these colleges require high school rank in the top twenty to twenty-five percent and grade averages of B+ to B. Median freshman test scores at these colleges range from 575 to 625 for SAT I and 27 or 28 on the ACT. These schools generally accept between one third and one half of their applicants. Eight schools are rated very competitive. In general, these colleges admit students whose averages are no less than a B- and who rank in the top thirty-five to fifty percent of their graduating class. These schools report test scores in the 525 to 575 range for SAT I and from 24 to 26 on the ACT. They generally accept between one half and three quarters of their applicants. The competitive category is a broad one covering colleges that generally have median test scores between 450 and 525 on the SAT I and between 21 and 23 on the ACT. Some of the 3 4/26/96 schools require that students have high school averages of B- or better, although others state a minimum of C+ or C. Twenty schools are in the competitive category. Included in the least competitive category are colleges with median test scores below 450 on the SAT I and below 21 on the ACT; some colleges that require entrance examinations but do not report median scores; and colleges that admit students with below C who rank in the top sixtyfive percent of their graduating class. Eleven schools are rated in the least competitive category. Five schools are included in the not competitive category. Colleges in this category generally require only evidence of graduation from an accredited high school. In some cases, insufficient capacity may compel a college in this category to limit the number of students that are accepted. Insert Table 5 Here The results of Table 6 show the number of real estate collections at schools with real estate programs. The twenty schools with the most real estate journals are listed. The University of Georgia has the most journals with a total of thirty-four, and the University of Florida has the second most number of journals with thirty-two. Although it is not revealed in the table, the two schools with the fewest journals were the University of Maine with two and New York University with one. Insert Table 6 Here The results of Table 7 show the number of degrees issued in real estate divided by gender. Florida State University had the highest number of Bachelor Degrees issued to men with a total of thirty-five. The most Bachelor Degrees issued to females was thirteen, and that was at Penn State ..- University. The most Masters Degrees issued to men was 90 and to women was 15 both at New 4 4/26/96 York University. There was only one Doctorate Degree issued. It was issued to a man at Georgia State University. This table shows that there are significantly more degrees (both Bachelor and Masters) issued to men than to women. Insert Table 7 Here Conclusion Using the results from this paper, some broad conclusions can be drawn. The first being that the larger and more populated a state is, the more real estate programs there are offered in that particular state. The assumption here is simply that the population is a key factor. The next general conclusion is concerning gender issues. There were more Associate and Bachelor Degrees issued to men than to women in every state that reported; and the only Doctorate Degree was also issued to a man. It is not apparent that sexism is an issue, but simply that desires of men and women differ in the area of real estate. The last conclusion is the correlation between tuition, selectivity, and library collections. These three seem to be positively related. A school in a more competitive category has higher tuition and more library holding. The opposite is also true. This is not a surprising statement. Although it may not hold true for every school, for the most part the correlation is positive. 5 4/26/96 References American Assembly of Collegiate Schools of Business (AACSB), 1993, Standards for Business Accreditation (revised April 20, 1993). American Assembly of Collegiate Schools of Business, 1993-1994, AA CSB Membership Directory. American Council on Education, 1993, 14th Edition, American Universities and Colleges. ABIIINFORM User Guide, 1994, (Louisville, KY: Data Courier Inc.). Barron's Profiles of American Colleges, 1995, 20th Edition (New York, N.Y.: Barron's Educational Series Inc.). National Center for Educational Statistics, 1993, Digest of Education Statistics, Office of Educational Research and Improvement, U.S. Department of Education. Online Computer Library Center (OCLC), 1995. Peterson's Guide to Two-Year Colleges: 1995, 25th Edition, (Princeton, N.J.: Peterson's Guides Inc.). Peterson's Guide to Four-Year Colleges: 1995, 25th Edition, (Princeton, N.J.: Peterson's Guides Inc.). Peterson's Graduate Programs in Business, Education, Health, and Law, 1993, 27th Edition (Princeton, N.J.: Peterson's Guides Inc.). Peterson's Gradline, 1995, (Newton Falls, MA: SilverPlatter Information Inc.). Peterson's Register of Higher Education, 1994, Seventh Edition, (Princeton, N.J.: Peterson's Guides Inc.). The College Blue Book: Degrees offered by College and Subject, 1993, 24th Edition (New York, N.Y.: Macmillan). Ulrich's 1nternational Periodical Directory, 1994, 32nd Edition (New York, N.Y.: Bowker Inc.). The Official Guide to MBA Programs, 1992-94 Edition, (Princeton, N.J.: Educational Testing Service). The Directory of Real Estate Development and Related Educational Programs, 1994, 5th Edition (Washington, D.C.: The Urban La! Institute). -. 6 4/26/96 - Table 2 Summary Statistics about U.S. Real Estate Programs Number of Programs Percentage Accredited by AACSB Tuition, Room & Board: Average Minimum Maximum Number of Reporting Schools Library Resources: Average # of Insurance Journals Minimum Maximum Number of Reporting Schools Admissions Selectivity: Most Competitive (MC) Highly Competitive (HC) Very Competitive (V C) Competitive (C) Less Competitive (LC) Not Competitive (NC) Number of Reporting Schools All Schools Offering Real Estate Bachelor's in Real Estate Masters or Ph.D. in Real Estate Associate Degree in Real Estate Certificate in Real Estate 510 22.5% 114 66.7% 47 91.5% 352 1.4% 133 12.8% $7,599 $3,160 $24,238 49 $7,599 $3,160 $24,238 49 $8,281 $3,808 $24,238 16 $7,989 $7,989 $7,989 1 $7,989 $7,989 $7,989 1 19 1 34 101 19 8 34 73 21 3 34 46 20 5 27 7 16 1 30 10 1 4 8 20 11 5 49 1 4 8 20 11 5 49 1 3 3 7 2 0 16 Data Sources: American Assembly of Collegiate Schools of Business (1993-1994), Baur, Zivney and Wells (1995), Barron's Profiles of American Colleges (1995), Peterson's Guide to Two-Year Colleges (1995), Peterson's Guide to Four-Year Colleges (1995). 7 4/26/96 - Table 3 Masters and Doctorate Programs in Real-Estate Panel 1: Individual Programs: s..ctl.Q.Ql Location Vniversity Enrollment MBA Option (MBA), Doctorate (PhD) ProlUarnS Offered Total Library In-state (Out-of-state) Holdin~s I.ui.tiQn California St V-Sacramento Sacramento, CA 24,468 MBA 806,455 Cornell V Ithaca, NY 18,450 MBA 5,600,000 $1,844 ($7,350) $1,565 ($4,517) $1,674 ($7,332) $18,202 Depaul Chicago,IL 16,499 MBA 615,019 $5,862 Duquesne V Pittsburgh, PA 8,359 MBA 626,184 $4,764 Florida Atlantic V Boca Raton, FL 14,778 MBA 560,712 George Washington V District of Columbia 16,293 MBA 1,600,000 $1,944 ($6,498) $13,554 Georgia St V Atlanta, GA 24,101 MBA, Doctorate 1,600,000 Indiana V Bloomington, IN 36,076 MBA, Doctorate 5,200,000 Mass Institute Of Tech Cambridge, MA 9,798 MBA 2,200,000 Middle Tennessee St V Murfreesboro, TN 16,780 MBA 564,952 Ohio St V Columbus, OH 52,183 MBA 4,600,000 Penn St V Vniv. Park, PA 38,446 MBA 2,300,000 San Diego St V San Diego, CA 30,369 MBA 1,000,000 StCloud St V St. Cloud, NM 16,047 MBA 767,723 Temple V Philadelphia, PA 27,736 MBA, Doctorate 2,100,000 Texas Tech V Lubbock, TX 24,215 MBA 2,700,000 VOf Alabama Tuscaloosa, AL 18,784 MBA 1,900,000 V Of California Berkeley, CA 30,622 MBA 7,000,000 V Of Cincinnati Cincinnati, OH 17,931 MBA 1,800,000 V Of Connecticut Storrs, CT 18,399 MBA 1,800,000 V Of Denver Denver, CO 8,213 MBA 1,200,000 V Of Georgia Athens, GA 28,493 MBA 2,700,000 V Of Illinois Vrbana- Champaign, IL 35,815 MBA 6,000,000 V Of Michigan Ann Arbor, MI 36,626 MBA 6,100,000 Arizona State V Temple,AZ California St V-Los Angeles Los Angeles, CA 4126/96 43,635 MBA 2,700,000 19,403 MBA 1,100,000 $1,199 ($3,674) $3,401 ($9,314) $19,000 $2,046 ($5,648) $4,266 ($11,082) $5,388 ($10,806) $1,742 ($5,678) $1,752 ($2,400) $6,018 ($8,082) $1,924 ($5,188) $2,172 ($5,424) $4,006 ($11,705) $5,688 ($11,160) $5,036 ($11,876) $14,364 $2,250 ($5,940) $4,046 ($9,578) $7,813 ($15,975) 8 U Of New Orleans New Orleans, LA 16,308 MBA 581,667 U Of North Texas Denton, TX 26,433 MBA 1,100,000 U Of Pennsylvania Philadelphia, PA 22,418 MBA 3,500,000 U Of South Carolina Columbia, SC 26,138 MBA 2,500,000 U Of Southern California Los Angeles, CA 27,353 MBA 2,700,000 U Of Texas Arlington, TX 24,727 MBA 1,500,000 U Of Wisconsin Madison, WI 43,196 MBA, Doctorate 5,300,000 Virginia Commonwealth U Richmond, VA 21,939 MBA 935,000 Wichita St U Wichita, KS 15,120 MBA 938,817 $2,362 ($5,154) $1,898 ($5,162) $18,662 $3,048 ($6,096) $13,640 $4,224 ($8,928) $3,530 ($10,666) $4,273 ($10,291) $1,466 ($4,202) Panel 2: Student and Programs Profile (for 1992-93 school year): Number of master's degrees awarded: 271 (11 schools reporting) Number of doctoral degrees awarded: 5 (2 schools reporting) Number of matriculated graduate students: 552 (11 schools reporting) Percentage of women in graduate real-estate programs: 22 percent (10 schools reporting; 108 of 486 students) Percentage of graduate students attending full-time: 42 percent (10 schools reporting; 204 of 486 students) Percentage of Asian American graduate real-estate students: 4.2 percent (9 schools reporting; 19 of 455 students) Percentage of African American graduate real-estate students: 2.6 percent (9 schools reporting; 12 of 455 students) Percentage of Hispanic American graduate real-estate students: 3.1 percent (9 schools reporting; 14 of 455 students) Percentage of Native American graduate real-estate students: 0.2 percent (9 schools reporting; 1 of 455 students) Percentage of minority students in graduate real-estate programs: 11 percent (10 schools reporting; 54 of 486 students) Percentage of foreign students in graduate real-estate programs: 8.4 percent (9 schools reporting; 38 of 455 students) Data Sources: American Council on Education (1993), The College Blue Book: Degrees Offered by College and Subject (1993), Peterson's Graduate Programs in Business, Education, Health, and Law (1993), Peterson's Gradline (1995), Peterson's Register of Higher Education (1994). 4/26/96 9 Table 4 Tuition, Room and Board for Real Estate Pro arns $25,000 $20,000 c $15,000 .- $10,000 0 ~ ---- $5,000 -----------------------_. $0 0~ 0 ~ o ~ o o o C\I <0 ~ o o co ~ o o o Percentile Rank Note: Of the 49 schools that report tuition, room and board fees in the "the College Blue book," the twenty with the highest and lowest tuition, room and board are: Most Expensive Pro&raros: U of Pennsylvania U of Miami U of Denver Southern Methodist U Pace University Schreiner College Columbia Coll Temple U Philadelphia U of Connecticut, Stores Penn State U U of Cincinnati San Francisco St U California St U·Northridge Shippensburg U Western Michigan U 24,238 22,107 19,290 18,520 15,540 14,320 11,995 10,281 9,168 8,752 7,989 7,292 7,122 7,052 6,820 Least Expensive Pro&raros: U of Hawaii-Manoa U of Texas-Arlington Florida Atlantic U U of Oklahoma Dyke College California St U-Los Angeles Eastern Kentucky U Franklin U Morehead State U Arkansas State U U of Houston-Downtown Northeast Louisiana U TexasA&MU Christopher Newport U U of Texas-EI Paso 5,626 5,549 5,525 5.427 5,200 4,940 4,840 4,621 4,600 4,250 4,034 3,906 3,808 3,196 3,160 Data Source: Barron's Profiles of American Colleges (1995). 4/26/96 10 Table 5 20 18 16 U) '0 1 4 0 .J:. () U) 12 0 10 I- CD 8 E 6 Z 4 2 .c ::l 0 -- CD .~ 0 Z += CD a. E 0 () U) a:I CD ...J CD > += '';:; CD a. E 0 () CD > += += CD a. E 0 () CD > »:t= ... CD CD > a. E 0 () CD > -»+= ;:; .J:. CD Ola. :c 0E () !/) 0 ~ CD > += += CD a. E 0 () Admissions Selectivity Note: Of the 49 schools that offer real estate programs and report data to compute the selectivity of their admissions, the 13 schools with the highest admissions selectivity rankings are: Most Competitive: U. of Pennsylvania Highly Competitive: U of Florida U of Missouri-Columbia Penn State U U of Wisconsin-Madison Very Competitive: Florida State U U of Miami Indiana U-Bloomington Mississippi State U U of Oklahoma Southern Methodist U California St U-Los Angeles U of Denver Data Source: Barron's Profiles of American Colleges (1995). 4/26/96 11 ,- Table 6 Real Estate Journal Collections at Schools with Real Estate Programs 35 U) 30 as ...c::. ...,0 0 ...CD 25 20 15 .Q E 10 -----------------------------------~---------- :. z 5 0 ~ 0 0 ~ o ~ o o o <D C\I ~ o o co ~ o o o Percentile Rank Note: Of the 101 schools that offer real estate programs and report their real estate journal collections on the Online Computer Library Center (OCLC), the 20 schools with the most insurance journals are: ~ U of Georgia U of Florida U of Texas-Austin U of California-Los Angeles California St U-Los Angeles U of Kentucky TexasA&MU Indiana U-Bloomington Florida Atlantic U U of Cincinnati-Raymond Walters U of Cincinnati U of Arkansas Memphis State U Arizona State U Georgia St U Florida State U Florida Comm ColI-Jacksonville California St U-Hayward U of Alabama Appalachian State U Number of Real Estate Journals 34 32 30 30 30 29 28 28 28 27 27 27 26 26 25 25 25 25 24 24 Data Source: Online Computer Library Center (OCLC). 4{26/96 12 - Table 7 Number of degrees in Real Estate issued to men and women 500 450 'tJ G) :::J III 400 .!! 350 III G) G) ... 300 ." G) c 250 0 ... 200 150 E 100 :::J G) .Q Z 50 0 Bachelor (men) Bachelor (women) Masters (men) Masters (women) Note: Of the 69 schools that offer real estate programs and report the number of degrees issued to the Department of Education, the 20 schools with the most bachelors and masters degrees issued are: - BACHELQR DEGREES ~ ~ 5 35 Florida State V 9 28 Ohio V 10 23 V of Georgia 23 13 Penn State V 10 22 V of Missouri-Columbia 20 3 V of Cincinnati V of Wisconsin-Madison 5 20 5 18 Arizona State V V of Wisconsin-Milwaukee 9 18 12 17 Temple V-Philadelphia 6 17 Georgia St V 1 13 Eastern Michigan V 13 St Cloud State V 5 V of North Texas 13 2 V of Arizona 12 4 Arkansas State V 11 V of Florida 3 11 10 V of Alabama 10 American V 2 10 Kent State V Note: There was one Doctarate in real estate issued by Georgia State MASIER DEGREES New York V MA Institute of Tech TexasA&MV V of Wisconsin-Madison Georgia St V Nova Vniversity-Ft Lauderdale John Hopkins V V of Pennsylvania American V Northwestern V National V George Washington V Temple V-Philadelphia V of North Texas V of Florida V of Cincinnati Webster V V of New Orleans V of Texas-Arlington ~ ~ 15 7 2 2 9 7 8 1 2 90 30 27 26 18 14 14 11 9 8 7 7 6 6 5 2 1 2 4 3 2 Vniversity. Data Source: Department of Education (Internet) 13 4/26/96 - Table 1 Real Estate Programs Bachelor in Real Estate Alabama Chattahoochee Valley St Comm Coli Enterprise St Jr Coli Jefferson St Comm Coli John C Calhoun St Comm Coli Northeast Alabama St Comm Coli Sanford V Snead State Jr Coli V of Alabama Wallace St Comm CoIl Alaska V of Alaska Arizona Arizona State V Glendale Comm Coli Mesa Comm Coli Phoenix Coli Pima Comm Coli Scottsdale Comm Coli V of Arizona Arkansas Arkansas State V V of Arkansas Califoroia Allan Hancock Coli American River Coli Antelope Valley Coli Bakersfield CoIl Barstow Coli Butte Coli Cabrillo Coli Califonia St Polytechnic V California St V-Dominguez Hills California St V-Fresno California St V-Hayward California St V-Los Angeles California St V-Northridge Califronia St V-Sacramento Chabot Coli Chaffey Coli Citrus Coli City Coli of San Francisco Coastline Comm Coli Coli of Marin CoIl of San Mateo CoIl of the Canyons CoIl of the Desert CoIl of the Redwoods CoIl of the Siskiyous Compton Comm Coll Cosumnes River Coli Cuesta Coll De Anza Coli Diable Valley Coll Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 14 4/26/96 AACSB Accreditation Table 1 (Continued) Real Estate Programs Bachelor in Real Estate East Los Angeles Coli EI Camino Coli Evergreen Valley Coli Foothill Coli Fresno City Coli Fullerton Coli Gavilan Coli Glendale Comm Coli Golden Gate U Golden West Coli Grossmont Coli Hartnell Coli Imperial Valley Coli Long Beach City Coli Los Angeles City Coli Los Angeles Harbor Coli Los Angeles Mission Coli Los Angeles Pierce Coli Los Angeles Southwest Coli Los Angeles Trade-Tech Coli Los Angeles Valley Coli Los Medanos Coli Marin Comm Coli Mendocino Coli Merced Coli Merrit Coli Miracosta Comm Coli Mission Coli Monterey Peninsula Coli Moorpark Coli Mt San Antonio Coli Mt San Jactino Coli Napa Valley Coli National U Ohlone Coli Oxnard Coli Palomar Comm Coli Pasadena City Coli Porterville Coli Rancho Santiago Coll Riverside Comm Coli Sacramento City Coli Saddleback Coli San Bernardino Valley Coli San Diego City Coli San Diego Mesa Coli San Diego Miramar Coli San Diego St U San Francisco St U San Jose City Coli Santa Barbara City Coli Santa Monica Coli Shasta ColI Sierra Comm ColI 4/26/96 Associate Degree in Real Estate 1 1 1 1 1 I 1 1 1 I I 1 1 1 1 1 1 I 1 1 I 1 I 1 1 1 1 1 1 1 I 1 Masters or Doctorate in Real Estate Certificate in Real Estate I 1 I I I 1 1 I I I 1 I I 1 I 1 1 I I 1 1 I I 1 I 15 AACSB Accreditation Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate Solano Comm Call Southwestern Call U of California-Berkeley U of California-Los Angeles U of California-Riverside U of California-San Diego U of Southern California U of the Pacific Ventura Call Victor Valley Call West Los Angeles Call West Valley Call Yuba Call Canada U du Quebec a Montreal McGill U McGill U Colorado Aims Comm Call Arapahoe Comm Call Colorado State U Red Rocks Comm Call U of Colorado-Boulder U of Colorado-Colorado Springs U of Colorado-Denver U of Denver Connecticut Manchester Comm Call U of Connecticut U of Connecticut-Storrs District Of Columbia American U George Washington U Florida Brevard Comm Call Broward Comm Call Daytona Beach Comm Call Edison Comm Call Florida Atlantic U Florida Comm Call-Jacksonville Florida International U Florida State U Gulf Coast Comm Call Lake City Comm Call Miami-Dade Comm Call Okaloosa-Walton Comm Call Pasco-Hernando Comm Call Polk Comm Call South Florida Comm Call St Petersburg Jr Call U of Florida U of Miami 4/26/96 16 AACSB Accreditation - Table 1 (Continued) Real Estate Programs Bachelor in Real Estate V of North Florida Valencia Comm ColI Geonia Clark Atlanta V Georgia Institute of Tech Georgia Southern V Georgia St V Morehouse ColI V of Georgia West Georgia ColI Hawaii V of Hawaii-Manoa lJ!.il.b.Q Boise State V ColI of Southern Idaho Illinois Belleville Area ColI Black Hawk ColI Carl Sanburg ColI ColI of DuPage Depaul V Elgin Comm ColI Highland Comm ColI Illinois Central CoIl Joliet J r ColI Kankakee Comm ColI Lewis and Clark Comm CoIl Lincoln Land Comm ColI Moraine Valley Comm ColI Morton CoIl Northwestern V Oakton Comm CoIl Parkland ColI Praire State ColI Robert Morris CoIl-Chicago Rock Valley ColI South Suburban CoIl Southeastern Illinois ColI Triton ColI V of Chicago V of Illinois-Vrbana Champaign Waubonsee Comm CoIl William Rainey Harper ColI Indiana Ball State V Indiana V Purdue-Indianapolis Indiana V-Bloomington Vincennes V 4/26/96 Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate AACSB Accreditation 1 1 1 1 I I 1 1 1 1 1 1 17 Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate I..2.ln Des Moines Area Comm Coll Iowa Lakes Comm ColI Kansas Butler Comm Coll Dodge City Comm ColI Wichita State U Kentucky Ashland Comm ColI Eastern Kentucky U Elizabethtown Comm ColI Jefferson Comm ColI Lexington Comm ColI Morehead State U Murray State U Northern Kentucky U U of Kentucky U of Kentucky-Ashland Comm ColI U of Kentucky-Elizabethtown Comm ColI U of Kentucky-Jefferson Comm ColI U of Kentucky-Lexington Comm ColI U of Kentucky-Madisonville comm ColI U of Kentucky-Paducah Comm ColI U of Kentucky-Prestonsburg Comm Coll U of KY - Comm ColI System Western Kentucky U Louisiana Lousiana State U Northeast Louisiana U U of New Orleans ~ Andover ColI Casco Bay ColI U of Maine U of Southern Maine Maryland Anne Arundel Comm Coll Catonsville Comm ColI Charles County Comm Coll Dundalk Comm ColI Essex Comm ColI John Hopkins U Montgomery Coll-Takoma Park U of Baltimore Villa Julie Coll Massachusetts Bently Coll Greenfield Comm ColI Harvard U MA Institute of Tech Massachusetts Bay Comm ColI 4126/96 18 AACSB Accreditation Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Nichols Coli North Shore Comm Coli Northeastern U Northern Essex Comm Coil Quincy Coil Michigan Delta Coil Eastern Michigan U Ferris State U Henry Ford Comm Coli Lansing Comm Coil Michigan State U U of Detroit Mercy U of Michigan Wayne County Comm Coil Western Michigan U Minnesota Itasca Comm Coil Mankato State U St Cloud State U U of Minnesota - Crookston Mississippi Delta State U East Mississippi Comm Coil Hinds Comm Coil Mississippi State U Northwest Mississippi Comm Coil U of Mississippi U of Southern Mississippi Missouri Columbia Coil Drury College East Central Coil Southwest Missouri St U St Louis Comm Coil-Florissant Valley St Louis Comm Coll-Meramec StLouis U U of Missouri-Columbia Webster U Montana Montana State U Nebraska McCook Comm Coil Metropolitan Cornm Coil Mid-Plains Comm Coli Northeast CommColl U of Nebraska-Kearney U of Nebraska-Omaha Western Nebraska Comrn ColI Neyada Comm Coil of Southern Nevada Truckee Meadows Comrn Coil 4/26/96 Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate 1 1 19 AACSB Accreditation Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate V of Nevada-Las Vegas Western Nevada Cornm Coli New Jersey Bergen Comm Coli Camden County Coli Fairleigh Dickinson V Ocean County ColI Raritan Valley Comm ColI Rutgers State V Rutgers State V Graduate Sch-Newark Thomas Edison St ColI New Mexico Clovis Comm Coli Eastern New Mexico V New Mexico Jr ColI New Mexico St V-Alamogordo New Mexico State V San Juan Coli Santa Fe Comm Coli V of New Mexico-Valencia Wilmar Comm Coli New York Baruch Coli-City V of New York Borough of Manhattan Comm ColI Columbia-Greene Comm ColI Cornell V Five Towns ColI Hudson Valley Comm Coli New York Institue of Tech New York V Orange County Comm ColI Pace V Queensborough Comm ColI of the City V of NY Rockland Comm ColI St V of NY ColI of Tech-Alfred St U of Ny ColI of Tech-Canton Suffolk County Comm ColI-Ammerman Suffolk County Comm ColI-Eastern Suffolk County Comm ColI-Western Sullivan County Comm ColI Utica School of Commerce Westchester Comm ColI North Carolina Alamance Comm ColI Appalachian State U Brunswick Comm ColI Catawba Valley Comm ColI Central Piedmont Comm ColI Coastal Carolina U ColI of the Albemarle Durham Tech Comm ColI East Carolina U I 1 1 1 20 4/26/96 AACSB Accreditation Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Edgecombe Comm Coll Fayetteville Tech Comm Coll Forsyth Tech Comm CoIl Gaston CoIl Isothennal Comm ColI Mayland Comm ColI Southwestern Comm CoIl Surry Comm CoIl U of North Carolina-Chapel Hill Wake Tech Comm ColI Western Piedmont Comm Coll North Dakota Bismarck State CoIl North Dakota St Coll of Science Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate 1 1 1 1 1 1 1 1 illW! Cincinnati St Tech and Comm CoIl Cincinnati Technical CoIl Cleveland St V Columbus State Comm CoIl Cuyahoga Comm ColI-District Cuyahoga Comm Coll-Eastern Cuyahoga Comm Coll-Metropolitan Cuyahoga Comm ColI-Western Dyke College Edison State Comm ColI Franklin V Jefferson Tech ColI Kent State V Kent State V-Ashtabula Kent State V-Trumbull Lakeland Comm ColI Lorain County Comm CoIl Miami V-Hamilton Northwest State Comm CoIl Ohio State V-Columbus OhioU Sinclair Comm CoIl Southern Ohio CoIl-Cincinnati Southern Ohio CoIl-Fairfield Southern State Comm CoIl Southwestern ColI of Business-Cincinnati Terra State Comm CoIl Terra Technical ColI Tiffin U U of Cincinnati U of Cincinnati-Clennont CoIl U of Cincinnati-Raymond Walters U of Rio Grande U of Toledo Oklahoma Northeastern Oklahoma A&M CoIl Oklahoma County Comm CoIl Rogers State CoIl 21 4/26/96 AACSB Accreditation Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Tulsa Jr Coll V of Central Oklahoma V of Oklahoma Western Oklahoma State Coll Oregon Chemeketa Comm Coll Clackamas Comm Coll Lane Comm Coll Portland Comm Coll V of Oregon Pennsylvapia Bucks County Comm Coll Clarion V of Penn Comm Coll of Allegheny County-Allegheny Comm Coli of Allegheny County-North Comm Coli of Allegheny County-South Comm Coll of Philadelphia Duquesne V Harrisburg Area Comm Coll Lehigh County Comm Coll Luzerne County Comm Coll Montgomery County Comm Coli Penn State V Robert Morris Coll Shippensburg V Temple V-Philadelphia V Center at Harrisburg V of Pennsylvania V of Pittsburg Westmoreland County Comm Coli York College of Penn Rhode Islapd Comm Coll of Rhode Island V of Rhode Island South Carolina Orangeburg-Calhoun Tech Coll V of SC- Coastal Carolina Coll V of South Carolina U of South Carolina-Columbia Tennessee Columbia State Comm Coll East Tennessee State U Jackson State Comm Coli Memphis State U Middle Tennessee St V Motlow State Comm Coll The U of Memphis U of Memphis V of Tenn - Knoxville Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate 1 1 1 1 ~ Amarillo Coll Angelina Coli Angelo State U 4/26/96 22 AACSB Accreditation - Table 1 (Continued) Real Estate Programs Bachelor in Real Estate Austin Comm CoIl Baylor U Bee County ColI Blinn CoIl Brazosport CoIl Central Texas ColI Cisco Jr ColI ColI of the Mainland Collin County Comm ColI Del Mar ColI EI Paso Comm ColI Galveston ColI Grayson County ColI Hill ColI of the Hill Jr ColI Ditrict Houston Comm ColI System Kilgore ColI Laredo Comm ColI McLennan Comm ColI Midland ColI Navarro ColI North Central Texas ColI Northeast Texas Comm ColI Odessa ColI Panola Jr ColI Paris Jr CoIl Richland ColI San Antonio ColI San Jacinto ColI-North San Jacinto ColI-South San Jactino CoIl-Central Schreiner ColI South Plains College Southern Methodist U St Philips ColI Tarrant County Jr ColI Temple Jr College Texarkana ColI Texas A&I U TexasA&MU Texas Christian U Texas Tech U Trinity Valley Comm ColI Tyler Jr ColI U of Houston U of Houston-Downtown U of North Texas U of Texas-Arlington U of Texas-Austin U of Texas-EI Paso Victoria CoIl Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 lllilh U of Utah Utah Valley Comm ColI 4/26/96 23 AACSB Accreditation Table I (Continued) Real Estate Programs Bachelor in Real Estate Vin inia Christopher Newport U National Business ColI-Main Branch Northern Virginia Comm ColI Tidewater Comm ColI U of Richmond U of Virginia Virginia Commonwealth U Wytheville Comm Coli Washineton Bellevue Comm Coli Clark Coli Columbia Basin Comm Coli Eastern Washington U Everett Comm Coli Green River Comm ColI Lower Columbia ColI North Seattle Comm ColI Olympic ColI Peninsula ColI Pierce ColI Shoreline Comm Coli Spokeline Falls Comm ColI Washington State U Whatcom Comm ColI West virjeinia Davis and Elkins Coli Marshall U Wisconsin Chippewa Valley Tech ColI Fox Valley Tech Coli Madison Area Tech Coli Milwaukee Area Tech ColI Nicolet Area Tech Coli U of Wisconsin-Madison U of Wisconsin-Milwaukee Waukesha County Tech ColI Associate Degree in Real Estate Masters or Doctorate in Real Estate Certificate in Real Estate AACSB Accreditation 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Data Sources: American Assembly of Collegiate Schools of Business (1993-1994), Barron's Profiles of American Colleges (1995), Peterson's Guide to Two-Year Colleges (1995), Peterson's Guide to Four-Year Colleges (1995), The College Blue Book: Degrees Offered by College and Subject (1993), Peterson's Graduate Programs in Business, Education, Health, and Law (1993). 24 4/26/96 - Exhibit 1 Geographical Distribution of Real Estate Programs 2 4/26/96 25