Real estate is the study of
investments in real estate properties (residential and commercial properties).
This is a relatively small field of finance that attracts few students.
However, the prospects for a successful career are very good.
Students specializing in real
estate finance must take courses that introduce real estate valuation
techniques as well as the legal and regulatory environment of real estate
markets. The typical entry point is that of an analyst in a real estate
investment firm (there are known as Real Estate Investment Trusts (REIT)). Job
seekers in this area must have strong knowledge of valuation, legal and tax
issues, and exhibit very good writing and communication skills.
Finance 443: Legal Issues in Real Estate
Presents an overview of legal concepts, issues, and principles involving real estate.
Finance 444: Urban Real Estate Valuation
The terminology, theory and techniques of real estate valuation (appraisal); a modern view of the three approaches to estimating value – sales comparison, cost, and income; special requirements include local field trips to appraise at least one single-family property and one income property.
Finance 445: Real Estate Investment
An approach to the evaluation of real estate investment opportunities; begins with the identification of the investor’s goals and ends with an investment decision; legal, physical, locational, and financial constraint, aggregate real estate and financial markets, tax considerations, and investment criteria.
Finance 446: Real Estate Markets
Discusses real estate financing techniques and the secondary market for real estate financial assets including mortgage-backed securities and mortgage-backed finance.
Finance 541: Real Estate Economics
Discusses the theory and practice of real estate and urban land economics; emphasizes real estate market analysis, finance, appraisal, and investment.