University of Central Florida Real Estate Program: A Comprehensive Overview
The University of Central Florida (UCF) offers a robust real estate program within its College of Business Administration. This article provides a detailed look into the program, covering its curriculum, opportunities, faculty, and overall value.
Introduction to UCF and Its Real Estate Program
UCF is a large, comprehensive research university with a diverse student body representing all 50 states and 149 countries. With over 69,500 students, UCF is one of the nation's largest and fastest-growing universities. The university complements the economy with strong programs in engineering, business, education, science, film, health, nursing, social sciences, and hospitality management. UCF has established extensive partnerships with businesses and industry, providing students with exceptional research and learning experiences through co-op and internship programs.
The Dr. P. Phillips School of Real Estate at UCF is a flagship program designed to prepare students for successful careers in the real estate industry. Located in Orlando, one of the fastest-growing markets in the nation, the program offers multi-faceted experiences, including relevant academic coursework, mentorship and internship opportunities, and participation in the UCF Real Estate Club and other industry trade organizations.
Degree Programs Offered
UCF offers a Bachelor of Science in Business Administration with a major in Real Estate. The College of Business Administration also offers degrees in accounting, business economics, economics, finance, integrated business, management, and marketing. Many graduate programs leading to masters and doctoral degrees are available. The university offers the degrees of Bachelor of Arts, Bachelor of Design, Bachelor of Fine Arts, Bachelor of Music, Bachelor of Music Education, Bachelor of Science, Bachelor of Science in Business Administration, Bachelor of Science in Education, Bachelor of Science in Engineering, Bachelor of Science in Nursing, Bachelor of Social Work, and Bachelor of Science in Social Sciences.
Curriculum and Coursework
The real estate program at UCF provides students with a solid foundation in various aspects of real estate, such as real estate finance, investment, and analysis. Courses specifically tailored to real estate principles and practices include Real Estate Principles, Real Estate Valuation, Real Estate Finance, and Real Estate Investment.
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The curriculum combines a professional business core with courses in accounting, finance, and advanced coursework in real estate. The courses blend core business fundamentals with specialized real estate expertise and are taught by distinguished faculty who are both accomplished researchers and industry leaders.
Admission Requirements
Admission to UCF does not guarantee admission to the College of Business Administration. Students must qualify separately for admission to the CBA and initially enter the University as ‘pre’ business majors. Freshman applicants must have earned a minimum of 18 high school academic units. Grades in honors courses, International Baccalaureate, Advanced Placement, AICE and dual enrollment courses are given additional weight in the GPA computation. Applicants should understand that the satisfaction of minimum requirements does not automatically guarantee admission to UCF.
Transfer applicants' admission requirements vary by the number of college credit hours the student has successfully completed prior to enrolling at UCF.
Tuition and Fees
In 2022-2023, the average part-time undergraduate tuition at UCF was $749 per credit hour for out-of-state students. The average full-time tuition and fees for undergraduates are shown in the table below:
| In State | Out of State | |
|---|---|---|
| Tuition | $4,478 | $19,810 |
| Fees | $1,890 | $2,657 |
| Books and Supplies | $1,000 | $1,000 |
| On-Campus Room and Board | $12,070 | $12,070 |
| On-Campus Other Expenses | $5,230 | $5,230 |
Faculty and Resources
The Dr. P. Phillips School of Real Estate has two endowed chairs: the Howard Phillips Chair in Real Estate and the Jim Heistand-NAIOP Chair in Real Estate. The purpose of these positions is to advance the knowledge and literature of the real estate field and to educate the students and community on real estate issues.
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UCF faculty sit on boards and planning committees, and graduates make their mark in engineering, business, computer science, education, health care, science, tourism, film, and public service.
Career Opportunities and Outcomes
A real estate degree can act as a springboard to a variety of career options. For new graduates with little to no experience, a Realtor position is often recommended, as it can lay the groundwork for future accomplishments. The UCF Professional MSRE provides the perfect foundation for a career with increasing responsibilities in various organizations and industries.
The median salary of real estate students who receive their bachelor's degree at UCF is $41,218.
Career Services and Experiential Learning provides comprehensive and coordinated career development, enhances academic study, and builds ongoing partnerships with employers and the community.
Student Life and Extracurricular Activities
Students participate in over 650 organizations, including special interest clubs, multicultural associations, fraternities and sororities, honor societies, and academic and pre-professional organizations. The Office of Student Involvement schedules a wide array of extracurricular programs, including concerts, movies, and guest speakers. The innovative LEAD Scholars Academy fosters leadership and service commitment through a comprehensive student development program for freshman. The Major Exploration Program (MEP) helps entering freshmen define their career goals and develop an academic strategy to reach their goals. UCF offers Air Force and Army ROTC programs.
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The UCF Real Estate Club offers opportunities for networking and learning more about the real estate industry beyond the classroom.
Campus and Location
UCF's 1,415-acre Main Campus in East Orlando provides a safe and serene setting for learning, with natural lakes and woodlands. Other campuses include the Rosen College of Hospitality Management Campus, UCF Downtown Campus, and the Health Sciences Campus. The university provides housing for approximately 12,140 students on campus and through affiliated housing. The many attractions of Orlando lie a short distance away: the Orlando Magic, the Orlando City Soccer Club, the Kennedy Space Center, major film studios, Walt Disney World, Universal Orlando, Sea World, and sandy beaches are all nearby.
Professional Master of Science in Real Estate (PMSRE)
The Professional Master of Science in Real Estate (PMSRE) is a flagship graduate program of the Dr. P. Phillips School of Real Estate. Beginning Fall 2026, the program will follow a new hybrid schedule to accommodate working professionals. Students will attend class in person once a week on Wednesday evenings and engage with online asynchronous content each week. This format provides the flexibility of online learning while maintaining the valuable networking and collaboration that comes from face-to-face interaction. The real estate master’s degree at UCF accepts applications throughout the year with the program beginning in fall. Each cohort has a maximum of 24 students and meets face-to-face at the College of Business at UCF Downtown.
The CE Shop Partnership
The College of Central Florida is partnering with CE Shop to offer online real estate courses. College of Central Florida has established an agreement with The CE Shop to promote online course information to consumers and real estate licensees.
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