Major in Real Estate Studies (B.S.)
The Bachelor of Science degree in the multidisciplinary field called real estate finds an ideal foundation in a liberal arts education. It provides a quality real estate program with a core in the general functional and operational areas of business. The program is designed to develop students as better citizens able to make responsible decisions benefiting society. Employers prefer to hire students who are knowledgeable of their discipline and operate within a moral and ethical framework of values. Graduates of the program can find employment as mortgage loan officers, appraisers, commercial/investment brokers and property managers.
Business Core Courses:
- BUSN 100: Business for the Common Good (2 credits)
- ENTR 100: Introduction to Entrepreneurship & Innovation (2 credits)
- ACCT 100: Principles of Accounting I (4 credits)
- BUSN 200: Business Learning Through Service (0 credit)
- ACCT 200: Principles of Accounting II (2 credits)
- OPMT 300: Operations & Supply Chain Management (2 credits)
- FINC 310: Core Financial Management (2 credits)
- MKTG 200: Introduction to Marketing (2 credits)
- MGMT 200: Working Skillfully in Organizations (2 credits)
- BLAW 304: Real Estate Law (4 credits)
- BETH 300: Ethical Principles in Business (2 credits)
Note: Except for BLAW 304, the required core business courses (BUSN 100, ENTR 100, ACCT 100, ACCT 200, BUSN 200, FINC 310, OPMT 300, MKTG 200, MGMT 200, BETH 300) must be completed by the end of the sophomore year. Transfer students who have not had an equivalent course must complete these courses by the end of their first semester, junior year.
Elective Courses in Business Core:
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Ten credits from undergraduate courses with designations ACCT / BETH / BLAW / BUAN / BUID / ENTR / FINC / IBUS / MGMT / MKTG / OPMT / REAL. These credits may not fulfill any required concentration credits unless you have more than one business concentration. These credits may be taken in courses within the department of the student’s business concentration. Transfer credits with these designations must be at the 300 level or above.
Concentration Courses:
- FINC 311 Advanced Financial Management (2 credits)
- REAL 200 Real Estate Principles (4 credits)
- REAL 370 Real Estate Market Analysis (4 credits)
- REAL 380 Real Estate Finance and Investments (formerly REAL 460) (4 credits)
- REAL 470 Real Estate Development (4 credits)
Plus four credits from the following REAL electives:
- REAL 360 Real Estate Property Management (4 credits)
- REAL 461 Real Estate Appraisal (4 credits)
Allied requirements:
- CISC 200 Introduction to Computer Technology and Business Applications (4 credits)
- ECON 251 Principles of Macro-Economics (4 credits)
- ECON 252 Principles of Micro-Economics (4 credits)
- STAT 220 Statistics I (4 credits)
Note: STAT 220 should be completed by the end of the sophomore year. Transfer students who have not had an equivalent course must complete this course by the end of their first semester, junior year.
Plus four credits from the following:
- MATH 101 Finite Mathematics (4 credits)
- MATH 109 Calculus with Review II (4 credits)
- MATH 111 Calculus for Business and Social Science (4 credits)
- MATH 113 Calculus I (4 credits)
Note: The math requirement must be completed by the end of the sophomore year.
Plus four credits from the following:
- COMM 370 Intercultural Communications (4 credits)
- ECON 311 Forecasting (4 credits)
- ECON 315 Introduction to Econometrics (4 credits)
- ECON 333 Regional and Urban Economics (4 credits)
- GEOG 113 Globalization and World Regions (4 credits)
- GEOG 330 Geography for Business and Planning (4 credits)
Real Estate Studies Undergraduate Courses
| Course Number | Title | Credits | |
|---|---|---|---|
| REAL 200 | Real Estate Principles | 4 | |
| Description of course Real Estate Principles : | Explores the theories and practices of real estate with emphasis on the "why" and "how" of buying, financing, owning and selling real estate. Real estate brokerage, property management, mortgage finance, appraisal, investment and development are examined within a legal, economic and social context. Open to non-majors. Prerequisites: None | ||
| REAL 295 | Topics | 2 | |
| Description of course Topics : | The subject matter of these courses will vary from year to year, but will not duplicate existing courses. Descriptions of these courses are available in the Searchable Class Schedule on Murphy Online, View Searchable Class Schedule | ||
| REAL 296 | Topics | 2 | |
| Description of course Topics : | The subject matter of these courses will vary from year to year, but will not duplicate existing courses. Descriptions of these courses are available in the Searchable Class Schedule on Murphy Online, View Searchable Class Schedule | ||
| REAL 360 | Real Estate Property Mgmt | 4 | |
| Description of course Real Estate Property Mgmt : | Owner, management and tenant relations within context budgeting, marketing and management planning is examined. Management for multi-family, office, retail and industrial property differentiated. Entrepreneurial roles of managers for finding tenants and conducting lease negotiations is explored. Prerequisites: REAL 200, STAT 220 (may be taken concurrently), MATH 101 or 109 or 111 or 113 (may be taken concurrently), and Sophomore standing | ||
| REAL 370 | Real Estate Market Analysis | 4 | |
| Description of course Real Estate Market Analysis : | This course provides students with the skills and knowledge necessary to evaluate the productive attributes of parcels of real estate as they relate to the demand for a particular use and the supply of competitive properties within a specified market. Focus is placed on the role of market analysis in real estate decision making and valuation. Students will learn the process of evaluative property analysis through the study of property productivity; demand for and supply of property; comparative analyses; and forecasting. Topics include the urban growth process; market conditions; market analysis; data collection; financing; governmental and legal considerations; and environmental issues. Prerequisites: REAL 200, STAT 220, MATH 101 or 109 or 111 or 113, and Sophomore standing. | ||
| REAL 380 | Real Estate Finc/Investment | 4 | |
| Description of course Real Estate Finc/Investment : | Examines mortgage, lease, contract and construction financing with related underwriting standards and analytical techniques. Integrates the role of banks, pension funds, insurance companies with government, secondary mortgage markets, and purpose, function and operation of the U.S. financial and federal reserve systems. Acquisition and disposition analysis of income producing real property including tax liability and strategy. Market, feasibility and income analysis integrated with profitability and rate of return measures pertaining to investments with optimal financing. Prerequisites: REAL 200; FINC 311 or FINC 321; CISC 200; MATH 101 or 109 or 111 or 113, and Sophomore standing. | ||
| REAL 461 | Real Estate Appraisal | 4 | |
| Description of course Real Estate Appraisal : | Valuation of residential and commercial real estate using the cost, market and income approaches to value. Professional ethics and standards of professional appraisal practice explored. Professional quality narrative appraisal with comparable sales, depreciated cost and discounted cash flow analysis required. Prerequisites: REAL 200; FINC 311 or FINC 321; CISC 200; MATH 101 or 109 or 111 or 113; and Sophomore standing. | ||
| REAL 470 | Real Estate Development | 4 | |
| Description of course Real Estate Development : | Capstone course integrating all functional areas of real estate for production of housing, commercial and industrial real estate. Use of market research, feasibility studies and market analysis in contract negotiation for project construction, marketing and management. Prerequisites: REAL 380, BLAW 304, Sophomore standing, and 80 completed credits. | ||