Real Estate Professors Lack Transaction Experience

The article titled “Masters in Training”(August 2004) failed to mention one very salient point regarding the graduate-level real estate programs being peddled today. Ninety-nine percent of all the professors teaching real estate investment at the college level have never been a principal in any type of commercial real estate transaction! Their courses are long on theory, but short on real world hands-on experience. Not exactly what aspiring real estate mavens need.

Thomas J. Lucier,
President & CEO
Home Equities Corp
Tampa, Fla.