The supply for Real Estate Education in Poland – the case of Cracow University of E conomics

1. Thesupply for Real Estate Education in Poland – the case of Cracow University of Economics Bartlomiej Marona maronab@uek.krakow.pl Cracow University of Economics Department of Real Estate and Investment Economics

2. 'Modern University with a Rich Tradition' • State university, established in 1925 • One of 5 state schools of economics in Poland • Over 21,000 students • 681 instructors and professors (incl. 54 nominated professors) • Large 17-acre campus in the heart of Cracow • Modern and new infrastructure • High position in rankings among • Polish schools of business/economics • Reputation among employers

3. Faculties • Faculty of Economics and International Relations • Faculty of Management • Faculty of Finance • Faculty of Commodity Science

4. Study programs All levels • bachelor • master • PhD • postgraduate professional All forms • daytime studies • evening studies • weekend/extramural studies Close to students • Krakow campus • Debica campus • teaching centres in other towns

5. The specialization – Real Estate Economy • Conducts by Department of Real Estate and Investment Economics • Place at the University • Faculty - Economics and International Relationship • Major - Economics

6. Specialisation - info • Form of studies: full time, evening and extramural • Lectures, classes and short training • About 120 students per year at a full time course • About 70 students per year at a extramural course • From 1991 (earlier existed as Construction Economics)

7. Universities which run Real Estate Economy • State-run Schools • Warsaw - Warsaw School of Economics • Lodz – University of Lodz • Krakow – Cracow University of Economics • Olsztyn – University of Warmia and Mazury in Olsztyn • Katowice – University of Economics in Katowice • Poznan – Poznan University of Economics • Private (selected): • Warszawa – Higher School of Real Estate Management • Tarnow – Malopolska Higher School of Economics

8. Studies in Real Estate(graduate and postgraduate) • Division into two cycles – Specialization REE • 1st cycle consists of 6 semesters – specialization from 4th semester • 2nd cycle consists of 4 semesters – specialization from 2 semester • Number of hours for specialization subjects • B.A. - about 750 h (total: 1830 h) • M.A. – about 345 h(total: 720 h)

9. Professional Activity in Real Estate Economy • Real estate agent, property manager, property valuer • Legal regulation: Act on Real Estate Management from August 21 of 1997 • Since 2008 – new regulations abolishing state exam for real estate agent and property manager

10. Real Estate Agent and Manager - Requirements • Completion of studies in real estate economy or postgraduate studies for real estate agents and property manager • Six-month training/practice • Working out example of transaction or management plan • Delivering documents to Qualification Committee • Positive consideration - license

11. Minimum curriculum requirements – real estate agents

12. Minimum curriculum requirements for real estate managers

13. Real Estate Valuer - Requirments • Completion postgraduate studies of property value assessment • One-year training • Working out 15 valuation reports for different properties • State exam – written and oral parts

14. Minimum curriculum requirements for real estate valuers

15. Potential Gap… Source: Author calculations based on Annual Report 2007, European Council of Real Estate Professions (CEPI)

16. Progressinlicensesin Poland

17. Thank you maronab@uek.krakow.pl