Real Estate Development & Finance
Why study real estate development and finance at CMU?
The real estate development and finance program at CMU prepares students for careers in real estate development, investment, and finance. It is one of only two real estate development programs in Michigan. Consider these key features distinguishing this program at CMU:
- A dual focus on development and finance in both commercial and residential real estate
- Professional experiences through a variety of internship opportunities
- Faculty mentors and academic advisors who guide students with career planning and personal development
- A wide range of course work including development, finance, lending, and real estate law
Career outlook
According to the Bureau of Labor Statistics Occupational Outlook Handbook, for all occupations through the year 2014:
- Employment of property, real estate, and community association managers and real estate brokers and sales agents is projected to increase nine to 17 percent.
- Opportunities should be best for those with a college degree in business administration, real estate, or a related field.
- These occupations have potential for high earnings. Well-trained, ambitious people who enjoy selling - particularly those with extensive social and business connections in their communities - should have the best chance for success.
Career options
Graduates of the real estate development and finance program at CMU will find a variety of career opportunities. Some of these may require additional education.
- Property Manager
- Real Estate Manager
- Community Association Manager
- Real Estate Broker
- Sales Agent
- Real Estate Developer
- Real Estate Assessor or Appraiser
- Real Estate Investor
Program Overview
The course listings below are a representation of what this academic program requires.
For a full review of this program in detail please see our official online academic bulletin
AND consult with an academic advisor. This listing does not include the General Education
courses required for all majors and may not include some program specific information, such as admissions, retention, and termination standards.
(Click on the course name or number for a complete course description.)
Real Estate: Development & Finance Major
( Total: 36 semester hours )
(9 hours)
Additional Common Body of Knowledge in Business Administration Courses
3
BUS 100 Essential Business Skills
Introduces students to the concept of a business, its disciplines, and essential business skills including decision making, team work, and oral and written communication. This course is approved for offering in a distance learning format.
3
BUS 300 Applied Business Statistics
Applications of statistical analysis to support business decision making. Covers collection of business data, analysis of business datasets, and presentation of results. Prerequisites: STA 282 or 382; Tier 2 Admission to Professional Business Studies.
3
MGT 499 Integrated Capstone-Strategic Management
An integrative capstone course applying and analyzing financial, marketing, supply chain and other business functions within a global strategic management perspective. Prerequisites: 86 semester hours completed; BUS 300, 301; MGT/MKT 303; FIN 302; MKT 304; Tier 2 Admission to Professional Business Studies. Preference given to graduating seniors.
(21 hours)
Required Courses
3
BLR 330 Real Estate Law
The fundamentals of the law relating to land ownership and use, including possessory and non-possessory rights and interests in land. Prerequisites: BLR 202 or 235
3
ECO 375 Economics of Cities and Regions
Elementary theories of regional economic analysis used in solving specific problems such as pollution, housing, segregation, and conservation. Emphasizes urban regions. Prerequisites: ECO 201 or ECO 202 or ECO 203.
3
FIN 335 Real Estate Principles
An introduction to real estate practice, institutions and participants with a focus on investment decision making, valuation, and debt financing. Prerequisite: ECO 202 or 203.
3
FIN 336 Real Estate Finance & Investments
Survey of the institutional landscape of real estate finance, including debt and equity, public securities and private financing modes. Prerequisites: FIN 335; admission to Professional Business Studies or listed on signed major or minor.
3
FIN 337 Real Estate Valuation/Appraisal
The application of valuation techniques to the appraisal of properties purchased by investors for their income potential. Prerequisites: Admission to Professional Business Studies.
3
FIN 438 Real Estate Development
A case studies approach to real estate development integrating urban dynamics, architecture, construction, law, public approvals, finance, marketing and management. Prerequisites: FIN 335, 336, and admission to Professional Business Studies.
1-3
FIN 490 Internship in Finance
Enrollment confined to a limited number of students working in business situations for educational experience. Prerequisites: permission of the department chairperson; admission to Professional Business Studies or listed on signed major or minor.
Select the courses below for 6 hours, or select one course below plus another 300 or 400 level course in Finance & Law or Accounting for 6 hours.
3
FIN 315 Principles of Investments
Provides students with basic knowledge about different investments and sources of information to enable them to make wiser investments and prepare to build portfolios. Prerequisites: 56 hours completed; admission to Professional Business Studies or listed on a signed major or minor.
3
FIN 472 Money and Capital Markets
Survey of money and capital markets, strategies for growth, and timing of financial policy. Prerequisites: FIN 302 or FIN 332; ECO 201 or ECO 204, ECO 202 or ECO 203; 56 semester hours completed; admission to Professional Business Studies or listed on signed major or minor.