The Royal Agricultural University has introduced the UK’s inaugural foundation degree specifically designed for residential estate agency, marking a significant milestone in professionalising the sector often scrutinised in public opinion. Despite estate agents being ranked lower in trust than lawyers and traffic wardens in various polls, this new educational endeavour aims to elevate the profession by equipping aspiring agents with comprehensive skills and knowledge.
Spanning two years and requiring attendance two days a week, the foundation degree encompasses a broad curriculum covering essential aspects such as valuations, marketing, law, professional sales practice, alongside practical skills in surveying, inspecting, and measurement.
William Leschallas, the course leader and a senior lecturer in the university’s land and property team, emphasises the multifaceted nature of the estate agent’s role. From sales and property marketing to assisting clients in buying, selling, and renting homes, Leschallas highlights the increasing complexity of residential estate agency. He notes, “The home remains the main asset for most private owners who can afford them, and the returns on capital remain the priority for investors.”
The curriculum is further enriched with guest lectures from seasoned industry professionals, introducing trainee agents to the critical role of technology in modern estate agency practices. This includes leveraging property portals, online agency tools, social media, client relationship management systems, and compliance software, preparing students for a digitally-driven marketplace.
Although there are no specific degree courses for becoming a landlord, the landscape of property-related education in the UK is robust, with institutions like Nottingham Trent University and Portsmouth University offering courses in Property Finance and Investment and Property Development, respectively.
This educational initiative arrives in the wake of Prime Minister Rishi Sunak’s announcement last year, mandating universities to limit the number of students enrolled in ‘low-value’ degrees. This policy targets courses with a low rate of graduates securing professional employment, pursuing postgraduate studies, or initiating businesses, aiming to enhance the value of higher education in England.
The Royal Agricultural University’s pioneering course sets a new precedent for professional development within the estate agency sector, underscoring the importance of specialised education in nurturing skilled professionals capable of navigating the complexities of the residential property market.
