Program Overview

Real Estate Program

The real estate major offered through the Department of Finance provides comprehensive coverage of personal finance, real estate fundamentals, and real estate law. Students can also learn about real estate investments, finance, and real estate development. Other elective courses include real estate appraisal, environmental issues, professional selling, and internships.

Curricular Plan of Study

The curricular plan of study for the real estate major is as follows:

• Prior to orientation, students must take the Math Placement Test (MPT) and place into MAC 1105.
• The plan of study is divided into four years: freshman, sophomore, junior, and senior.

Freshman

• Fall (15 hours):
  • ENC 1101 Composition I
  • MAC 1105C College Algebra
  • ECO 2013 Macroeconomics
  • Cultural Foundation I
  • General Elective
• Spring (15 hours):
  • ENC 1102 Composition II
  • ECO 2023 Microeconomics
  • Social Science Foundation
  • General Elective
  • General Elective

Sophomore

• Fall (15 hours):
  • ACG 2021 Principles of Financial Accounting
  • SPC 1608 Fundamentals of Oral Communication
  • Historical Foundation I
  • Biological Science Foundation
  • General Elective
• Spring (15 hours):
  • ACG 2071 Principles of Managerial Accounting
  • Historical Foundation II
  • QMB 3003 Quantitative Business Tools I
  • Physical Science Foundation
  • CGS 2100C Computer Fundamentals for Business

Junior

• Fall (15 hours):
  • QMB 3200 Quantitative Business Tools II
  • MAR 3023 Marketing
  • FIN 3403C Business Finance
  • MAN 3025 Management of Organizations
  • ACG 3173 Accounting For Decision Makers
• Spring (13 hours):
  • FIN 2100 Personal Finance & Investments
  • REE 3043 Fundamentals of Real Estate
  • REE 3433 Real Estate Law
  • QMB 3602
  • GEB 3005 Career Search Strategies

Senior

• Fall (16 hours):
  • BUL 3130 Legal and Ethical Environment of Business
  • Real Estate Restricted Elective
  • Real Estate Restricted Elective
  • Real Estate Restricted Elective
  • Business Elective
  • GEB 4223 Business Interviewing Techniques
• Spring (13 hours):
  • Real Estate Restricted Elective
  • Real Estate Restricted Elective
  • MAR 3203 Supply Chain and Operations Management
  • MAN 4720 Strategic Management
  • GEB 4004 Executing Your Career Plan

Pre-Major

Admission to UCF does not equate to admission to the College of Business Administration (CBA). After receiving admission to UCF, students must qualify to be admitted to CBA and therefore all students enter the University as a 'pre' business major. As a 'pre' business major, students will:

• Complete the General Education Program
• Complete the Gordon Rule requirements
• Complete the Business Common Program Prerequisites with a grade of "C" or better
  • MAC 1105 College Algebra
  • ACG 2021 Financial Accounting
  • ACG 2071 Managerial Accounting
  • ECO 2013 Macroeconomics
  • ECO 2023 Microeconomics
  • CGS 2100 Computer Fundamentals for Business
  • QMB 3003 Quantitative Business Tools I
  • STA 2023 Statistical Methods I
  • MAC 2233 Concepts of Calculus
• Complete the Primary Business Core at UCF (per major specific GPA requirements)
  • MAN 3025 Management of Organizations
  • MAR 3023 Marketing
  • FIN 3403 Business Finance
  • QMB 3200 Quantitative Business Tools II
  • ACG 3173 Accounting for Decision Makers

Career Opportunities

A real estate graduate can apply their knowledge to numerous facets of the industry. Career opportunities include:

• Brokerage and Leasing
• Construction and Architecture
• Appraisal and Consulting
• Corporate Real Estate
• Institutional Real Estate Investment
• Property Management
• Mortgage and Construction Lending
• Development

Brokerage and Leasing

Real estate agents that represent buyers, sellers, owners, or tenants must be licensed by the states in which they work. Most states require a test before issuing a sales license, or for more advanced brokers, a license is based on experience and educational requirements.

Construction and Architecture

Your education and experience in commercial real estate can open opportunities in some areas of the industry you may not have considered, including the architecture and construction segments of the real estate development process.

Appraisal and Consulting

Appraisers are paid to estimate the value of property after a systematic analysis of the prices paid for similar properties, or based on an analysis of discounted future cash flows.

Corporate Real Estate

All major corporations must deal with real estate assets. Corporate real estate management involves maximizing the firm's resources devoted to space needs.

Institutional Real Estate Investment

Most of today's large-scale real estate transactions ($10 million dollars and up) involve institutional investors. Among these are Real Estate Investment Trusts (REITs), the larger life insurance companies, and pension funds.

Property Management

Property management involves maximizing net revenues of property based on managing rental flows, tenant retention, and property operation.

Mortgage and Construction Lending

Mortgage lenders specialize by size of loan and property types. Primary lenders for residential single-family properties include mortgage companies that resell loans in the secondary mortgage market, as well as commercial banks, savings institutions, and credit unions.

Development

Developers are among the most entrepreneurial of the real estate players. They acquire land and prepare it for development, as well as oversee the construction process. Developers specialize in residential or commercial development, and they specialize by property size and type.