Department of Real Estate
Contact Information:
Campus Location: 2100 University Hall (UH)
(312) 355-9490
businessconnect.uic.edu/undergrad/undergrad-programs
Administration:
Associate Professor and Interim Department Head: Andrew Hanson, arhanson@uic.edu
The BS in Real Estate Studies program is designed to provide the background required by employers in the real estate industry, while also providing the rigorous academic training needed for graduate study in real estate or finance. The program emphasizes development of the skills required to conduct financial analysis of real estate investments, along with a thorough understanding of real estate institutions and training in market analysis and development.
The real estate major directly supports four of UIC’s mission statements:
- To create knowledge that transforms our views of the world and, through sharing and application, transforms the world.
- To provide a wide range of students with the educational opportunity only a leading research university can offer.
- To address the challenges and opportunities facing not only Chicago but all Great Cities of the 21st century, as expressed by our Great Cities Commitment.
- To foster scholarship and practices that reflect and respond to the increasing diversity of the U.S. in a rapidly globalizing world.
Distinction
See Academic Honors in the College of Business Administration section.
RES 250. Real Estate Principles. 3 hours.
Introduction to real estate, including principles of finance, investments, accounting, management, marketing, and statistic. Provides background necessary for additional courses in real estate.
RES 420. Real Estate Market Analysis. 3 or 4 hours.
Analysis of real property markets, including land, buildings, and improvements. Course Information: 3 undergraduate hours. 4 graduate hours. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): ECON 120.
RES 425. Real Estate Valuation. 3 or 4 hours.
Introduction to the valuation of real estate, with focus on the underlying determinants of location value. Course Information: 3 undergraduate hours. 4 graduate hours. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): ECON 120.
RES 440. International Real Estate Markets. 3 or 4 hours.
Survey and analysis of issues related to international real estate markets, with an emphasis on North American and Asia. Course Information: 3 undergraduate hours. 4 graduate hours. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): ECON 120.
RES 450. Real Estate Data Analysis. 3 or 4 hours.
Analysis of real estate data using statistical software programs, with an emphasis on housing data. Course Information: Extensive computer use required. 3 undergraduate hours. 4 graduate hours. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): ECON 120.
RES 460. Commercial Real Estate. 3 or 4 hours.
Fundamentals of the commercial real estate, including mortgages and investment analysis. Course Information: 3 undergraduate hours. 4 graduate hours. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): FIN 300.
RES 470. Real Estate Investments. 3 or 4 hours.
Introduction to investment in real estate, with focus on types of investment and analysis of investment performance. Course Information: 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): FIN 300.
RES 472. Real Estate Finance. 3 or 4 hours.
Finance principles applied to real estate; financing of residential and income-producing real estate; real estate development finance; secondary mortgage market; taxation and real estate finance. Course Information: Same as FIN 472. 3 undergraduate hours. 4 graduate hours. Previously listed as ECON 472. May not be used to satisfy the economics credit requirement for the MA in Economics and PhD in Economics. Only elective credit will be applied toward these degrees. Graduate students will complete a term project to meet the additional credit hour requirement. Prerequisite(s): FIN 300.
RES 494. Topics in Real Estate. 1-4 hours.
An intensive study of a selected topic in real estate. Course Information: May be repeated if topics vary. Students may register for more than one section per term. May be repeated to a maximum of 6 hours for undergraduates; may be repeated to a maximum of 8 hours for graduate students. Prerequisite(s): RES 250 and FIN 300; or FIN 301 and FIN 302.
RES 499. Research Experience. 1-3 hours.
Independent student research experience under the supervision of a faculty member. The faculty member and student will determine a specific, discipline appropriate research project to complete within the semester and submit a written report. Course Information: Extensive computer use required. Prerequisite(s): Consent of the instructor and Department Head.