The introduction of the Fourth Industrial Revolution has demanded for the paradigm shift in the traditional real estate education to the delivery of smart real estate education. However, smart real estate is the combination of sustainability, user-centred, and innovative technologies for the effective delivery of real estate services to its consumers. This study therefore explores the challenges and prospects in the delivery of smart real estate education in the Fourth Industrial Revolution. Some challenges discussed were cyber security issues, data management and accessibility, and affordability. The prospects in the fourth industrial revolution include partnership with government, society and industry for the effective delivery of smart real estate education. This study therefore recommends that educational partnerships would help to improve the future employability skills needed for the delivery of smart real estate services in the fourth industrial revolution.