Runstad Department of Real Estate

Real Estate Undergraduate Minor

The minor in real estate is open to all undergraduate students across the University of Washington. It is designed to provide students with an opportunity to obtain comprehensive exposure to the field of real estate. Real estate is core to both our society and economic well-being. Real estate professionals serve a central role in the development of the built environment from deciding what will be developed and how it will be funded to leasing and managing real property.

The minor in real estate has been created with the generous support of Windermere Real Estate and the Jacobi family.

Curriculum

The real estate minor requires to have completed 25 credits of approved courses. A minimum of 16 credits (including Introduction to Real Estate) of undergraduate real estate courses (or approved substitutes) are required. The other 9 credits can come from undergraduate real estate courses or from graduate real estate courses with the permission of the instructors or from approved related courses from other departments. The curriculum covers both the residential and commercial real estate sectors. It has been structured for students majoring in disciplines across the university.

Undergraduate Real Estate Classes

Introduction to Real Estate is required to complete the minor and an additional 13 credits need to come from undergraduate real estate courses or approved substitutes as shown below:

Course Number Course Name Credits Notes
RE 250 Introduction to Real Estate 3 credits Required Course
RE 416

RE 516

Real Estate Market Analysis

Real Estate Economics & Market Analysis

4 credits

4 credits

 

Substitute

RE 361 Property Transaction Law 3 credits
RE 411

RE 511

Real Estate Valuation and Appraisal

Real Estate Appraisal

3 credits

3 credits

 

Substitute

RE 363

RE 550

FIN 445

Real Estate Development Process

Real Estate Development

Real Estate Development

3 credits

4 credits

4 credits

 

Substitute

Substitute

RE 364

RE 517

Real Estate Asset and Portfolio Management

Real Estate Asset Management

3 credits

3 credits

 

Substitute

RE 465

RE 513

FIN 425

Introduction to Real Estate Finance

Real Estate Finance and Investment

Intro to Real Estate Finance and Investment

3 credits

4 credits

4 credits

 

Substitute

Substitute

RE 497/597

URBDP 404

GEOG 317

GEOG 360

Real Estate Data Modeling

Intro to GIS

Geographic Information and Spatial Analysis

GIS and Mapping

4 credits

3 credits

5 credits

5 credits

 

Substitute

Substitute. GEOG Students

Substitute

RE 400

RE 507

Real Estate Accounting

Accounting for Real Estate

3 credits

3 credits

 

Substitute

RE 401/563

RE 401/563

Housing Markets and Policy

Early Fall Study Abroad

3 credits

5 credits

Both courses can be counted for a total of 8 credits
FIN 435 Real Estate Capital Markets 4 credits Prereq FIN 350
RE 490 Independent Study 1-3 credits

For courses that have substitutes, only the primary course or one of its substitutes can count toward the minor except otherwise noted.

Approved Related Courses

A maximum of 9 credits from this list can count towards the minor. Graduate real estate courses that may count toward the minor:

Course Number Course Name Credits
RE 508 Financial Modeling for Real Estate I 2 credits
RE 509 Financial Modeling for Real Estate II 2 credits
RE 512 Leadership in the Built Environment 3 credits
RE 514 Negotiations and Conflict Resolution 3 credits
RE 515 Real Estate Law 3 credits
RE 518 Best Practices in Sustainable Real Estate 3 credits
RE 530 Corporate Real Estate 3 credits
RE 531 Risk and Portfolio Management 3 credits
RE 540 Advanced Real Estate Finance and Investment 3 credits
RE 541 Real Estate Capital Markets 3 credits
RE 532 Project Management 3 credits
RE 542 Private Public Project Finance 3 credits
RE 559 Risk and Reward in Sustainable Development 3 credits
RE 564 Affordable Housing 4 credits
RE 565 Advanced Housing Studies 4 credits
RE 598 Sustainable Development & Regional Economics 3 credits

Non-Real Estate courses that may count toward the minor:

Course Number Course Name Credits
ACCTG 215 Intro to Accounting & Financial Reporting 5 credits
ACCTG 219 Essentials of Accounting 4 credits
BE 200 Intro to Built Environments 3 credits
BE 210 A Global History of the Built Environment I and II 5 credits
BE 220 Cities, Health, and Well-being 3 credits
BE 230 Living with Disasters 5 credits
BE 405 Built Environments Studio 6 credits
CEP 200 Intro to Community and Environmental Planning 5 credits
CEP 498 CEP 498 Planning Practicum 1 – 9 credits
CM 250 Construction and Culture 5 credits
CM 310 Introduction to the Construction Industry 3 credits
GEOG 277 Geography of Cities 5 credits
GEOG 432 Geography of Inequality 5 credits
GEOG 445 Geography of Housing 5 credits
QMETH 201 Introduction to Statistical Methods 4 credits

Learning Outcomes

Students in the minor will develop technical, statistical, and analytical skills that will enable them to interpret data across a wide range of topics. This analysis will aid in addressing many of the challenges facing the world today. The interdisciplinary nature of real estate will be highlighted throughout the minor and in a variety of learning environments that students will encounter.

Learning outcomes include:

  • Be able to communicate technical and complex material in an effective manner in a professional real estate environment
  • Practice according to the professional, ethical, and legal standards expected in the real estate industry
  • Understand the participants and processes involved in the real estate market
  • Appreciate the interdisciplinary nature of real estate and how it fits into a broader economic and social framework
  • Understand the key differences across the various property types and functions
  • Understand the steps involved in a real estate transaction
  • Apply a range of analytical and quantitative techniques in an applied real estate context, including real estate appraisal and mortgage calculations
  • Adopt innovative problem solving and transfer appropriate knowledge and methods across different topics
  • Understand how the structure of urban areas impact the demand and supply of real estate and how these feed into broader issues such as public policy and regional economic development and planning

Career Opportunities

The real estate minor will help students understand how their major can be integrated into a variety of career paths available within the real estate profession. It will prepare students for careers in real estate brokerage, finance, asset management, development, and public policy.

The minor is not only suitable for students intending to pursue a dedicated career in real estate, but will also be valuable in cases where real estate complements their major field. For example:

  • Architecture
  • Business
  • Community, Environment, and Planning
  • Construction Management
  • Geography
  • Law, Societies and Justice
  • Sociology
  • Public Policy

Real Estate Club

The Real Estate Club at the University of Washington provides opportunities for networking, career development, and property tours for students who have an interest in real estate. The membership is comprised of students across campus including, but not limited to: the College of Built Environments, Foster School of Business, Evans School of Public Affairs, and the School of Law. The club is open to all members of the UW community. For further information visit the website at www.UWREClub.com.

Get Involved

Meet with your major department adviser in order to declare the minor. Your major department adviser must sign the Change of Major/Minor Form. It can be done at any time once you have declared a major with one exception. You cannot declare a minor after the deadline for applying to graduate. You cannot declare a minor after the deadline for applying to graduate. Students who have declared the minor will receive priority in registering for real estate courses.

Sign up here if you want to be added to the listserv to receive information about the minor and career opportunities in real estate. Use your UW email address and confirm your request by accepting the link on the confirmation email.

Rebecca Walter and Arthur Acolin serve as the Co-Directors and Advisers for the minor. Please contact them through reminor@uw.edu if you have any questions related to the real estate minor.