The Real Estate Development Program began in 2006-7. This undergraduate major offered within The College of Business Administration (CBA) is the only program of its kind in the state of Michigan. We strongly believe that the CBA is the place where real estate education belongs. Just as with other CBA majors, our graduating students receive a BS of BA degree.

The purpose of the new program is to provide a broad integrated undergraduate education in real estate development and finance, encompassing the perspective of the private developer, as well as those of professionals in brokerage, design, engineering, land use, and environmental planning.

The Real Estate Development program is currently running about 40-45 students each semester enrolled in the FIN 335 principles course. In the fall semester, we offer a course in real estate law (BLR 330), real estate finance (FIN 336) along with an additional course in real estate economics (ECO 375). In the spring semester, we are offering RE valuation/appraisal (FIN 337), as well as a case study course in RE Development (FIN 438).

For the first time, students graduating in the spring 2008 semester will be able to earn a minor in real estate development and finance by taking the four courses offered in 2007-8 as well as additional second year prerequisites in accounting, economics and finance. Our real estate minor was approved by the CMU Academic Senate in late October 2007.

Students may also earn a minor in real estate development and finance by taking FIN 335, FIN 336 plus two of the three courses FIN 337, BLR 330, and/or ECO 375. In addition, there are additional second year prerequisites in accounting, economics and finance.

A compelling feature of our RE program is bringing together students and RE business people in many different settings that include speakers, trips as well as the annual RE conference. In October 2010, we held our fourth annual CMU real estate conference. This conference features about a dozen speakers from backgrounds in RE development, lending, capital markets and RE investments. The conference covers topics in both housing and commercial RE issues. It includes an internship fair that brings together students and RE companies. For pictures from past annual conferences as well as business trips to Chicago, see the heading RE Conference/trips on the RE home page.

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