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Importance of Accreditation in Real Estate Education for Knowledge-Based Society

Explore the impact, challenges, and solutions related to accreditation by professional bodies in real estate education towards enhancing academic rigor, interdisciplinary studies, and knowledge production in a changing governance system. Discover the relevance of practice-oriented knowledge in shaping the future of real estate education.

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Importance of Accreditation in Real Estate Education for Knowledge-Based Society

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  1. The Role of Accreditation through Professional Bodies in the Knowledge-Based Society: The Case of Real Estate The 4th European Real Estate Society Education Seminar Bucharest, Academia de Studii Economice 5-7 December, 2008 Dr. Christopher Bahn Programme Manager, Center for Urban & Real Estate Management – CUREM Andreas Loepfe MRICS Head Real Estate Research & Strategies, Zurich Insurance Company

  2. Current Situation • Governance of Universities and the whole academic system tends to favor • narrow scholary discussions within academic disciplines: • Crucial for promotion and rewarding of academic staff • Discrimination against practise-oriented and interdisciplinary studies • Focus on by evaluation bodies (academic or state-sponsored) • Crucial areas of practise like Real Estate are heavily under-researched • Policy-Makers, Associations, Professional Bodies, etc. find it difficult to get state-of-the-art research, tailored to their needs CUREM@UZH

  3. Transformation of Knowledge System • Helga Nowotny, Peter Scott, Michael Gibbons (2001): Re-Thinking Science. Knowledge and the Public in an Age of Uncertainty, Cambridge (UK): Polity Press: • Mode-1  Mode-2 • In: Richard Thorpe, Tony Beasley (2004): The characteristics of performance management research: Implications and challenges, International Journal of Productivity and Performance Management, Volume 53, Issue 4, Page 334 – 344. CUREM@UZH

  4. Governance of academic system is heading into wrong direction… • Knowledge-Based Society: Mode-1 → Mode-2 • Governance of Academic System: Mode-2 → Mode-1 CUREM@UZH

  5. Problems facing Real Estate Education in Universities • interdisciplinary nature of real estate education normally doesn‘t fit in • faculties which offer such programmes • academics who are interested in real estate issues have very few • colleagues whom to collaborate with within faculties  huge • disincentives concerning power networks and academic discussions • students are not interested in academic rigour which plays a crucial role • in evaluations of universities and academics • universities are not interested in students without academic credentials •  Who will be left in real estate education? CUREM@UZH

  6. Why accreditation by professional bodies is so important? • Emphasis of practice-oriented knowledge and teaching in real estate • education • helpful in gaining reputation within and outside of universities • funding possibilities for studies not covered by state-sponsored • research • enforcing the production of knowledge which is needed most in • societies  mode-2 • enrich the debate about sociology of science and knowledge production CUREM@UZH

  7. Thank you very much • for your attention! CUREM@UZH

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