Real Estate

REAL 3305 Real Estate Principles (3 semester credit hours) Real Estate Principles is an introduction to real estate concepts for residential and commercial real estate. Students will learn various aspects of real estate that are key to making sound investment decisions and understand how property values are created, maintained, increased, or destroyed as applied in various real-world situations. Areas of study include careers in real estate, residential mortgages, appraisal, leasing, contract, regulations, listing agreements, brokerage, investment criteria, and returns. (Same as FIN 3305) (3-0) S

REAL 3358 Real Estate Markets and Investments (3 semester credit hours) Students will learn the theoretical detail of making sound real estate investments while analyzing "real world" considerations. The course focuses on evaluating the risks and opportunities of real estate assets and investments while analyzing market considerations. Students will learn how to develop a discounted financial cash flow model using Microsoft Excel for valuing real estate and developing internal rates of return. The course topics include investment strategies, due diligence, analyzing long-term growth patterns, fundamentals of leases, use of debt and equity impact on returns, portfolio analysis, and corporate real estate decision-making. Prerequisite: REAL 3305 or FIN 3305. (Same as FIN 3358) (3-0) Y

REAL 3365 Real Estate Finance and Principles (3 semester credit hours) Students will learn how to underwrite real estate investments by evaluating potential investments using the CoStar technology. In this class, students will learn to evaluate the market supply and demand to develop a financial discount cash flow analysis, valuation, and loan structures modeling in Excel. Students will learn the theoretical financial aspects of developing an investment and cash flow analysis for valuing commercial real estate and calculating expected returns. Prerequisite: REAL 3305 or FIN 3305. Prerequisite or Corequisite: FIN 3390. (Same as FIN 3365) (3-0) S

REAL 4090 Real Estate Internship (0 semester credit hours) This course provides students with an opportunity to expand and apply their skills in a professional setting. Students must identify and submit specific business learning objectives at the beginning of the semester. This course requires faculty sponsor approval, a written report upon completion, and employer evaluation. Credit/No Credit only. May be repeated if internships differ. Department consent required. (0-0) S

REAL 4321 Real Estate Law and Contracts (3 semester credit hours) Students will learn a comprehensive overview of the law and legal system, with an emphasis on the laws related to real estate and personal property. Students will learn the legal terminology necessary to understand a typical real estate transaction and obtain a practical understanding of the essential legal aspects of real estate transactions and Texas Real Estate Commission (TREC) contract forms. The course builds students' critical thinking and communication skills by applying acquired knowledge to real world legal conflicts and familiarizing students with legal sources relevant to real property. Prerequisite: FIN 3305. (Same as FIN 4321) (3-0) S

REAL 4328 Real Estate Valuation (3 semester credit hours) This capstone real estate course provides the theory and methods of income property valuation and appraisal. Topics include the three major approaches to appraising real estate, regression analysis, real estate market analysis, highest and best use analysis, and capitalization techniques. Income property valuation techniques are emphasized through hands-on computer cash flow analysis modeling in Excel and ARGUS. Several real-world real estate cases and problems are presented and incorporated into the course for students to solve. Prerequisites: (REAL 3305 or FIN 3305) and (REAL 3358 or FIN 3358). Prerequisite or Corequisite: REAL 3365 or FIN 3365. (Same as FIN 4328) (3-0) Y

REAL 4332 Commercial Property Risk Management and Insurance (3 semester credit hours) All for-profit or non-profit businesses are subject to losses arising from property exposures. Incidents may occur, which can cause the business financial ruin and force them to close their doors unless they are properly prepared to manage these exposures. We will discuss how Commercial Property, Business Income & Extra Expense, Inland Marine, Ocean Cargo, Business-owners, Equipment Breakdown, and Cyber Risk insurance contracts may be employed to help protect businesses from financial losses due to various loss exposures. Students will also learn risk management techniques to help address loss exposures not traditionally covered by insurance contracts. Prerequisite: (FIN 3305 or REAL 3305) or (FIN 3370 or RMIS 3370). (Same as FIN 4332 and RMIS 4332) (3-0) P

REAL 4V80 Internship in Real Estate (1-3 semester credit hours) This course provides students with an opportunity to expand and apply their skills in a professional setting. Students must identify and submit specific business learning objectives at the beginning of the semester. This course requires faculty sponsor approval, a written report upon completion, and employer evaluation. Credit/No Credit only. May be repeated for credit (3 semester credit hours maximum). ([1-3]-0) R

REAL 4V90 Individual Study in Real Estate (1-3 semester credit hours) Credit/No Credit only. May be repeated for credit as topics vary (3 semester credit hours maximum). Prerequisites: REAL 3365 and instructor consent required. ([1-3]-0) R