Program in Real Estate
Director: Kevin J. Boyle
Associate Director: Rosemary Goss
Manager of Academic Affairs and Business Operations: Ashley Clark
Principle Faculty: Y. Beliveau - BC, D. Bieri - UAP, R. Dymond - CEE, L. Geyer - AAEC, E. Hopkins - PM, A. McCoy - BC, D. Read - PM, M. Sirgy - MKTG, K. Sullivan - REAL, M. Walsh - REAL,, and C. White - CEE
Overview
The Program in Real Estate is administratively housed in Pamplin College of Business. The B.S. in Real Estate is a comprehensive, interdisciplinary academic program that draws classes from five colleges (College of Agriculture and Life Sciences, College of Architecture and Urban Studies, Pamplin College of Business, College of Engineering, and College of Liberal Arts and Human Sciences) to students with dynamic education.
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.
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.
Degree Requirements
The graduation requirements in effect at the time of graduation apply. When choosing the degree requirements information, always choose the year of your expected date of graduation. Requirements for graduation are referred to via university publications as "Checksheets". The number of credit hours required for degree completion varies among curricula. Students must satisfactorily complete all requirements and university obligations for degree completion.
The university reserves the right to modify requirements in a degree program. However, the university will not alter degree requirements less than two years from the expected graduation year unless there is a transition plan for students already in the degree program.
Please visit the University Registrar website at http://registrar.vt.edu/graduation-multi-brief/index1.html for degree requirements.
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)
1004: DISCOVERING REAL ESTATE
First year experience for the Program in Real Estate. Academic planning, career exploration, and resources for academic success. Leadership, team building, communication and problem solving in the real estate industry. Role of ethics in the profession. Introduction to peer and professional mentors. (2H,2C)
2004 (UAP 2004): PRINCIPLES OF REAL ESTATE
Introduction to real estate, including markets, land use planning and zoning, development, finance, construction, sales, marketing, management and property valuation. Examines the key actors and processes in each of these areas. Explores major public policies impacting real estate (3H,3C)
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)
2034 (BC 2034): REAL ESTATE DATA ANALYSIS
Real estate market data and the statistical tools for analyzing data to support decision making. Descriptive statistics and hypothesis testing. Form insights to inform management and investment decisions. Pre: UAP 2004 or REAL 2004. (2H,2C)
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 or REAL 2004), REAL 2014. Co: 3014. (2H,2L,3C)
3034 (MKTG 3034): REAL ESTATE MARKET ANALYSIS
Market potential of residential, retail, office and industrial, hotels and resorts, and mixed use real estate development projects. Market analysis, identifying a market area, conducting demand and supply analyses, reconciling demand and supply. Pre: 2034, (ECON 2005 or AAEC 1005). (3H,3C)
3044 (FIN 3044): FINANCING REAL ESTATE PROJECTS
Methods and tools for analyzing commercial real estate from the perspective of a developer. Land valuation, equity and debt financing, measuring project returns, public private partnerships, and real estate capital markets. Pre: 2004 or UAP 2004, REAL 2034, FIN 3104 or FIN 3134. (3H,3C)
3984: SPECIAL STUDY
Variable credit course.
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.
4974: INDEPENDENT STUDY
Variable credit course.
4984: SPECIAL STUDY
Variable credit course.