by Shane Henson — March 20, 2013—The Institute of Real Estate Management (IREM) and Cornell University have signed a memorandum of understanding (MOU) outlining a collaborative relationship to advance the real estate management profession through education and encouraging interest in the profession as an attractive career opportunity.
Formed in 1993, IREM, an international community of real estate managers, has long been committed to promoting real estate management careers and attracting a pool of new talent to the industry through academic outreach, the organization says. Cornell, through its Baker Program in Real Estate, offers a master of professional studies in real estate graduate degree program (MPS/RE) designed to help students understand real estate from a variety of perspectives and provide leadership across the real estate industry spectrum.
Under the terms of the agreement, IREM will:
- Heighten awareness of Cornell as a provider of real estate education on its Web site and through other of its communications channels;
- Recognize the Cornell MPS/RE program as one that fulfills many of the educational requirements to earn IREM’s prestigious Certified Property Manager (CPM) designation;
- Provide Cornell with resource materials to further develop its real estate curriculum and promote career opportunities in real estate management; and
- Connect Cornell to IREM chapters in the region for collaborative purposes.
For its part, Cornell will, among other initiatives:
- Recognize IREM as a principal provider of real estate management education and credentials;
- Make information about IREM’s CPM designation and its Student Membership program available on the Cornell Web site. Currently, all students in the Baker program are IREM student members; and
- Utilize IREM textbooks and resource material, as appropriate, to develop and deliver its real estate management curriculum.
