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. 25.02.2016 / 2CUREM@UZH 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

3. 25.02.2016 / 3CUREM@UZH 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.

4. 25.02.2016 / 4CUREM@UZH Governance of academic system is heading into wrong direction… Knowledge-Based Society: Mode-1 → Mode-2 Governance of Academic System: Mode-2 → Mode-1

5. 25.02.2016 / 5CUREM@UZH 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?

6. 25.02.2016 / 6CUREM@UZH 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

7. 25.02.2016 / 7CUREM@UZH Thank you very much for your attention!