Real Estate

College: Business
Degree: BS
Specialized Admission: Yes

Description of Major

*Please Note: Face-to-face/in-person instruction of this program is available ONLY at the main campus in Tallahassee, FL. This program is NOT available via Online/Distance Learning.*

The Real Estate program involves a multidisciplinary approach to the production, financing, marketing, and consumption of the real estate product. Students are exposed to theoretical concepts from urban land economics, economics, consumer behavior, appraisal, investment analysis, and risk theory. Based on this background, the real estate process is analyzed. In addition, the Real Estate program develops a systematic methodology for investment and valuation analysis within a framework that acknowledges the impacts of taxation, risk, financing structure, governmental constraints, and market context. This framework provides the basis for examining decisions involving real property investment from the developer, lender, and consumer perspectives. Software applications are used within the curriculum to analyze actual cases.

In the first two years at FSU, students should take courses to complete the following: General Education requirements, Diversity requirements, and Prerequisite Coursework requirements. Some courses may fulfill requirements in multiple areas. Electives in the first two years should focus on gaining additional exposure to the social and behavioral sciences, and on improving communication and analytical reasoning skills.

Prerequisite Coursework

Prerequisite Coursework: (21 hours)
Each of the following courses must be completed with a final grade of C minus or better:

ACG X021 (3) Introduction to Financial Accounting
ACG X071 (3) Introduction to Managerial Accounting
* CGS X518 (3) Spreadsheets for Business or CGS X100 (3) Microcomputer Applications for Business or CGS X060 (3) Computer Fluency
ECO X013 (3) Principles of Macroeconomics
ECO X023 (3) Principles of Microeconomics
MAC X233 (3) Calculus for Business and Non-Physical Sciences (Higher level Calculus courses will be accepted)
STA X023 (3) Business Statistics (Higher level Statistics courses will be accepted)

* Students taking CGS X100 or CGSX060 or other approved course will also need to take CGS 2518 at FSU

Note: State-wide common prerequisites are always under review. For the most current information and for acceptable alternative courses, visit the “Common Prerequisites Manual.” This is available from the “Student Services” section of http://www.flvc.org .

Requirements

Admission Requirements to Major Program of Studies
Admission to this Specialized Admissions business programs requires the following:
1) completion of at least 52 semester hours,
2) a cumulative grade point average on all college work attempted of at least 2.900; and
3) satisfactory completion of all required prerequisite coursework.

Major Program of Studies at FSU: (46-49 hours; depending on whether CGS 2518 was taken as a prerequisite or not)

* Courses taken at a Community College may not be substituted for 3000/4000 level courses. *

Lower-Division Requirements (4 hours)
These courses are Term 5 milestones. Transfer students must complete them in their first term of enrollment at FSU.

RMI 2302 (3) Risk in Business and Society
GEB 1030 (1) Intro. to Professional Development

General Business Core Requirements for Real Estate majors (18 hours)
A final grade of C minus or better must be earned in each course.

BUL 3310 (3) The Legal and Ethical Environment of Business
FIN 3403 (3) Financial Management of the Firm
GEB 3213 (3) Business Communications
ISM 3541 (3) Introduction to Business Analytics
MAN 3240 (3) Organizational Behavior
MAR 3023 (3) Basic Marketing Concepts

General Business Breadth Requirements for Real Estate Majors (9 hours)
The following three (3) courses must be completed with a final grade of C minus or better.

REE 3043 (3) Real Estate
RMI 3011 (3) Risk Management/Insurance
MAN 4720 (3) Strategic Management and Business Policy

Major Area Requirements for Real Estate Majors (15 hours)
Majors must complete the five courses listed below with a final grade of C minus or better to satisfy the major area requirements.

REE 4103 (3) Real Estate Valuation
REE 4143 (3) Real Estate Market Analysis
REE 4204 (3) Real Estate Finance
REE 4313 (3) Real Estate Investment
REE 4433 (3) Legal Environment of Real Estate

Digital Literacy: (0 hours beyond prerequisites)
CGS2060 (3), CGS2100 (3) and/or CGS2518 (3) may be taken for admission. CGS2518 is a required course for graduation in the Real Estate major.

Oral Communication Competency: (0 hours beyond other requirements)
Students must demonstrate the ability to orally transmit ideas and information clearly. Business majors must take GEB 3213.

Minimum Program Requirements - Summary
Total Hours Required 120
General Education 36*
Prerequisite Coursework 21*
Major Coursework 46-49
Minor Coursework 0
Digital Literacy 0 beyond prerequisites
Oral Competency 0 beyond other requirements

Electives to bring total hours to 120 (must complete at least 60 hours outside of business)

*Some Prerequisite courses may also be counted as part of General Education requirements.

Mapping

Mapping is FSU’s academic advising and monitoring system. Academic progress is monitored each Fall and Spring semester to ensure that students are on course to earn their degree in a timely fashion. Transfer students must meet mapping guidelines to be accepted into their majors. You may view the map for this major at www.academic-guide.fsu.edu/.

Remarks

1. A minimum of 45 hours at the 3000 level or above, at least 30 of which must be taken at this University.
2. At least half of the major course semester hours must be completed in residence at this University. After enrolling at this University, all remaining major course requirements must be completed at this University.
3. The final 30 hours must be completed in residence at this University.

Employment Information

Salary Information:For more information go to: National Association of Colleges and Employers (www.naceweb.org) or the Occupational Outlook Handbook (www.bls.gov/ooh/home.htm) provided by the U.S. Bureau of Labor Statistics.

Representative Job Titles Related to this Major: Financial Counselor, Marketing Research Director, Investment Analyst, Property Manager, Mortgage Loan Officer, Syndicator, Mortgage Broker, Appraiser, Sub divider, Mortgage Banker, Portfolio Manager, Developer, Real Estate Salesperson, Real Estate Counselor, Real Estate Broker.

Representative Employers: Real Estate Developers, Accounting Firms, Credit Unions, Financial Institutions, Government Agencies, Commercial Banks, Savings & Loans, Property Management Firms, Mortgage Brokers, Real Estate Brokers, Real Estate Research Corporations, Life Insurance Companies, Self-Employment, Real Estate Investment Trusts, Appraisal Firms, Mutual Savings Banks, Pension Fund Trusts.