Program Overview

Diploma Program in Urban Land Economics (DULE)

The DULE is a sophisticated, technical, and specialized program designed for practitioners already employed in the real estate industry who want to upgrade their education, and for highly-motivated people seeking to join the industry. DULE students complete a core curriculum that builds a foundation in real property law, economics, financial math, statistics, and valuation. Students can then specialize in one of five areas of practice: Appraisal, Assessment, Real Estate Management, Development, or Brokerage.

Overview

The DULE is designed for flexibility. Most Diploma courses are offered two or three times per year. Students can complete the program at a pace that best suits their busy schedules. By taking one course per term, the Diploma Program can be completed in just four years, although many students can accelerate completion to two years or less by taking more than one course per semester.

Getting Started: Admissions and Program Planning

Students embarking on this Program will first need to be formally admitted to UBC. In general, applicants must have their grade 12 or equivalent standing and must submit their official high school transcript. Students who have not graduated from high school may be eligible for admittance as a mature student.

• Students may apply for transfer credit on the basis of previous post-secondary education which is substantially similar to courses in this program.
  • Where exemptions have been granted, a student must complete at minimum 50% of the total program credits to be eligible for a UBC credential.
• Please reference Course Equivalencies and Transcript Reviews for more information.

Course Structure

The Diploma Program is offered via self-paced learning. The DULE requires 11 courses, each of which are approximately 13 weeks in length. Students begin with core courses that establish a broad foundation in the principles underlying real property markets. The program advances to focus on specialized professional and applied topics.

• The courses include a set of printed materials plus online resources.
• Students are assessed on a series of multiple choice assignments, written projects, examinations, and case studies.
• Most courses include webinars and instructional videos.

Core Courses

• BUSI 100 Micro Foundations of Real Estate Economics
• BUSI 101 Capital Markets and Real Estate (Prerequisite BUSI 100)
• BUSI 111 BC Real Property Law and Real Estate Ethics (Required for Brokerage Option)
  • OR BUSI 112 Canadian Real Property Law and Real Estate Ethics
• BUSI 121 Foundations of Real Estate Mathematics
• BUSI 300 Urban and Real Estate Economics (Prerequisite BUSI 100, Recommend BUSI 121)
• BUSI 330 Foundations of Real Estate Appraisal (Recommend BUSI 121)
• BUSI 331 Real Estate Investment Analysis and Advanced Income Appraisal (Prerequisite BUSI 121 & 330)

Program Specialization

Appraisal Specialization

• BUSI 442 Case Studies in Appraisal I (Prerequisite BUSI 121, 330 & 331)
• BUSI 452 Case Studies in Appraisal II (Prerequisite BUSI 121, 330 & 331, Recommend BUSI 442)
  • PLUS two of:
    • BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
    • BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
    • BUSI 400 Residential Property Analysis
    • BUSI 401 Commercial Property Analysis
    • BUSI 460 Real Estate Consulting Fundamentals (Prerequisite BUSI 121, Recommend BUSI 330)

Real Property Assessment Specialization

• BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
• BUSI 443 Foundations of Real Property Assessment and Mass Appraisal (Recommend BUSI 330)
• BUSI 444 Advanced Computer Assisted Mass Appraisal (Prerequisite BUSI 121 & 344, Recommend BUSI 330 & 443)
  • PLUS one of:
    • BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
    • BUSI 400 Residential Property Analysis
    • BUSI 401 Commercial Property Analysis
    • BUSI 460 Real Estate Consulting Fundamentals (Prerequisite BUSI 121, Recommend BUSI 330)

Real Estate Management Specialization

• BUSI 441 Residential Property Management (formerly Real Estate Management I) (Prerequisite BUSI 331, Recommend BUSI 400)
• BUSI 451 Commercial Property Management (formerly Real Estate Management II) (Prerequisite BUSI 331)
  • PLUS two of:
    • BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
    • BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
    • BUSI 400 Residential Property Analysis
    • BUSI 401 Commercial Property Analysis
    • BUSI 460 Real Estate Consulting Fundamentals (Prerequisite BUSI 121, Recommend BUSI 330)

Real Estate Development Specialization

• BUSI 445 Real Estate Development I (Recommend BUSI 330 & 331)
• BUSI 446 Real Estate Development II (Prerequisite BUSI 445)
  • PLUS two of:
    • BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
    • BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
    • BUSI 400 Residential Property Analysis
    • BUSI 401 Commercial Property Analysis
    • BUSI 460 Real Estate Consulting Fundamentals (Prerequisite BUSI 121, Recommend BUSI 330)

Real Estate Brokerage Specialization

• BUSI 433 Real Estate Business
• BUSI 441 Residential Property Management (Prerequisite BUSI 331, Recommend BUSI 400)
  • PLUS two of:
    • BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121 & BUSI 330)
    • BUSI 400 Residential Property Analysis
    • BUSI 401 Commercial Property Analysis
    • BUSI 451 Commercial Property Management (Prerequisite BUSI 331)
  • Note: Requires BUSI 111 BC Real Property Law and Real Estate Ethics

Additional Information

Tutorial Assistance

Students can get help from Real Estate Division academic staff and industry specialists, by e-mail or telephone. There are also many other helpful resources available to students on the course website.

Workload

Students should expect to commit at least ten hours per week to their studies and assignments. The material is not easy. Diligence, organization, and self-discipline are essential. Each course has a set schedule for assignments, projects, and examinations -- please note there are fees imposed for late submissions of assignments and projects, as well as for deferral of examinations or transferring to subsequent terms.

Additional Course Requirements

• The Hewlett Packard (HP) 10BII+ calculator will be used in the demonstration of analytical techniques in the program of studies; however, there are a variety of pre-programmed financial calculators on the market, some of which will perform more sophisticated calculations or have greater programming capacity.
• All students taking Real Estate Division courses must have high-speed access to the internet. Most course materials including videos and learning resources are available online, and all assignments and projects are also submitted online.
• Access to a high-quality printer is also beneficial as it is sometimes necessary to print certain materials from Real Estate Division website.

Program Regulations

View a copy of the full program regulations from the Real Estate Division Student Handbook: Credit Courses.

Examinations

Most Real Estate Division courses end with a final examination. For more information on exam scheduling, availability, and registration, go to Examinations.

Awards

A number of awards are available to students in the Real Estate Division’s credit programs.