College of Architecture and Urban Studies

Program in Real Estate

The Program in Real Estate is a comprehensive, interdisciplinary academic program that draws classes from six colleges (College of Agriculture and Life Sciences; College of Architecture and Urban Studies; Pamplin College of Business; College of Engineering; College of Liberal Arts and Human Sciences; and College of Natural Resources and Environment) to students with dynamic education. The Program is administratively housed in the College of Architecture and Urban Studies.

www.realestate.vt.edu

Director: Kevin J. Boyle
Associate Director: Rosemary Goss
Manager of Academic Affairs and Business Operations: Chelsea Lyles
Principle Faculty: Y. Beliveau, BC; V. Bonomo, FIN; R. Dymond, CEE; L. Geyer, AAEC; A. Keown, FIN; T. Koebel, UAP; R. Kumar, FIN; A. McCoy, BC; D. Read, AHRM; M. Sirgy, MKTG; K. Sullivan, FIN; E. Wiseman, FOR; E. Zielenback, AHRM



 Real Estate

Overview

    The Program in Real Estate offers a Bachelor of Science degree in Real Estate. Real Estate courses integrate the material students learn in disciplinary courses such as finance, law, and property management through practical experiences within the academic program. The integration occurs though a university-industry partnership where real estate professionals are actively involved in students’ education through guest lectures, mentoring experiences, and by providing internship opportunities.

    In addition to learning about the broad field of real estate, students are encouraged to find their niche in the field. Students develop an area of expertise to fulfill their restricted electives requirement.  This is accomplished by adding a second major, completing a minor, or creating an area of concentration (with the approval of their academic advisor) that meets each student’s unique interests. Graduates of the Virginia Tech Program in Real Estate will be prepared to enter the Real Estate industry upon graduation and make immediate professional contributions.

Sample Plan of Study

    Note: Graduation requires a total of 120 semester credit hours. Requirements are subject to change; prospective students should contact their academic advisor prior to initiating their programs of study.

    First Year

    First Semester

    CLE Area 1 - ENGL 1105: Freshman English recommended

    3

    CLE Area 2 - Ideas, Cultural Traditions, and Values

    3

    CLE Area 3 - ECON 2005: Principles of Economics or AAEC 1005: Economics of the Food and Fiber System recommended

    3

    CLE Area 4 - Scientific Reasoning and Discovery

    3

    CLE Area 5 - Calculus recommended

    3

    REAL 2984: First Year Experience recommended

    1

    Credits

    16

    Second Semester

    CLE Area 1 - ENGL 1106: Freshman English recommended

    3

    CLE Area 3 - ECON 2006: Principles of Economics or AAEC 1006: Economics of the Food and Fiber System recommended

    3

    CLE Area 4 - Scientific Reasoning and Discovery

    3

    CLE Area 5 - Calculus recommended

    3

    UAP 2004: Principles of Real Estate

    3

    REAL 2014: Careers in Real Estate

    1

    Credits

    16

    Second Year

    First Semester

    CLE Area 2 - Ideas, Cultural Traditions, and Values

    3

    CLE Area 6 - Creativity and Aesthetic Experience

    1

    COMM 2004: Public Speaking

    3

    ACIS 2115: Principles of Accounting

    3

    AHRM 2674: Multifamily Property Management and Operations

    3

    Restricted Elective: See remarks

    3

    Credits

    16

    Second Semester

    CLE Area 7 - Critical Issues in a Global Context

    3

    BC 2014: Construction Principles I

    3

    AHRM 4684 Managing and Leasing Commercial Properties

    3

    Restricted Elective: See remarks

    3

    Restricted Elective: See remarks

    3

    Credits

    15

    Third Year

    First Semester

    ENGL 3774: Business Writing

    3

    FIN 3104 Introduction to Finance

    3

    REAL 3014: Professional Dev in Real Estate Seminar

    1

    AAEC 4754: Real Estate Law

    3

    Restricted Elective: See remarks

    3

    Elective

    3

    Credits

    16

    Second Semester

    AAEC 4764: Real Estate Appraisal

    3

    REAL 3024 Applied Real Estate Development

    3

    Restricted Elective: See remarks

    3

    Elective

    3

    Elective

    3

    Credits

    15

    Fourth Year

    First Semester

    FIN 4154: Real Estate Finance

    3

    REAL 4075 Real Estate Studio I

    3

    Restricted Elective: See remarks

    3

    Elective

    3

    Elective

    2

    Credits

    14

    Second Semester

    MKTG 4734: Real Estate Marketing

    3

    REAL 4076: Real Estate Studio II

    3

    Restricted Elective: See remarks

    3

    Elective

    3

    Credits

    12

Remarks:

Restricted Electives - Students must have a restricted elective plan of study signed by their real estate advisor comprised of courses that form a focused area of study in the real estate profession. Students may substitute courses from a second major or a minor for restricted electives as long as the courses are not real estate requirements (listed above). 

Undergraduate Course Descriptions (REAL)

    2014: CAREERS IN REAL ESTATE
    Provides an overview of multiple facets of the industry and specific skills needed to integrate knowledge from different disciplines. Examines potential careers and pathways to achieve professional success. Co: UAP 2004. (1H,1C)

    2984: SPECIAL STUDY
    Variable credit course.

    3014: PROFESSIONAL DEVELOPMENT IN REAL ESTATE
    Professional issues in the real estate industry such as interdisciplinary teamwork, ethics, and networking. Exposure to these topics through case studies, including presentations by real estate professionals. Pre: UAP 2004, REAL 2014. (1H,1C)

    3024: APPLIED REAL ESTATE DEVELOPMENT
    Examines real estate development from design and construction through project management. Develops analysis tools based on feasibility studies, comprehensive plans and ordinances, and basic economic yield analyses. Applications carried out in lab exercises that include field visits and mock development scenarios. Pre: UAP 2004, REAL 2014. Co: 3014. (2H,2L,3C)

    4075-4076: REAL ESTATE STUDIO
    Course provides mock, real-world learning in a student-led, team environment. Teams will analyze, design and develop a plan, for a mixed use or complex real estate development. Project spans two semesters. Students select a team project in consultation with faculty and industry advisors. Work will focus on all elements of preliminary design and approvals required to initiate a real-world development. For majors only. Pre: 3024 for 4075; 4075 for 4076. (1H,6L,3C)

    4964: FIELD STUDY
    Variable credit course.