In terms of your question. The right decision is entirely dependent on the person, their previous experience in real estate, where they’d like to work full-time, and in what area of real estate they’re interested in.
Generally speaking, the MBA is a generalist degree, which provides optionality in the event you later decide real estate isn’t the right fit. The MSRE in contrast offers focus, especially as it relates to network and curriculum.
Spencer, Michael, and Sam have released an audio series episode discussing this exact question. Find it here: https://www.adventuresincre.com/audioseries-s2spe7/