Department of Real Estate
Campus Location: 2100 University Hall (UH)
Department Head: Dan McMillen
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.
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 hours.
RES 425. Real Estate Valuation. 3 hours.
RES 440. International Real Estate Markets. 3 hours.
RES 450. Real Estate Data Analysis. 3 hours.
Analysis of real estate data using statistical software programs, with an emphasis on housing data. Course Information: Extensive computer use required. Prerequisite(s): ECON 120 and ECON 121; and FIN 300.
RES 460. Commercial Real Estate. 3 hours.
RES 470. Real Estate Investments. 3 hours.
Introduction to investment in real estate, with focus on types of investment and analysis of investment performance. Course Information: Extensive computer use required. Prerequisite(s): RES 250; and FIN 300; or FIN 301 and FIN 302.
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. Prerequisite(s): ECON 220.