Runstad Department of Real Estate

Curriculum

The Real Estate Major will prepare students to contribute to the multiple facets of financing, developing, and operating real estate while placing real estate within the context of building cities and communities that are both equitable and sustainable. The curriculum covers both the residential and commercial real estate sectors.

The real estate major requires a minimum of 50 credits of approved courses.

  • 3 credits of RE 250: Introduction to Real Estate
  • 15 credits of required undergraduate real estate courses (or approved substitutes):
    • RE 361: Property Transactions
    • RE 411: Real Estate Valuation & Appraisal
    • RE 416: Real Estate Economics & Market Analysis
    • RE 465: Introduction to Real Estate Finance and Investments
    • RE 480: Professional Development Seminar
  • 12 credit of other approved real estate courses
  • 10 credit hours of analytic courses to develop strong data management, analysis, and visualization skills
  • 5 credit hours of built environment courses to be exposed to the context in which real estate takes place
  • 5 credit hours of business skills courses to be introduced to some of the key communication, management, and organizational skills needed to be a successful professional.

A minimum of 2.0 grade is required in all courses counting toward the major and courses taken as satisfactory/non satisfactory cannot count toward the major.

Undergraduate Real Estate Classes

Required Courses (18 credits)

Course Number Course Name Credits Notes
RE 250 Intro to Real Estate 3 credits Prerequisite for RE Courses and to Declare Major
RE 361 Property Transactions 3 credits Required Course
RE 411 Real Estate Valuation & Appraisal 3 credits Required Course
RE 416 Real Estate Economics & Market Analysis 4 credits Required Course
RE 465 Intro to Real Estate Finance and Investments 3 credits Required Course
RE 480 Professional Development Seminar 2 credits Required Course

 

Core Real Estate Courses (min. 12 credits)

At least 12 credits of undergraduate real estate courses or approved substitutes as shown below:

Course Number Course Name Credits Notes
RE 363 Real Estate Development Process 3 credits Primary
FIN 445 Real Estate Development 4 credits Substitute
RE 400 Real Estate Accounting 3 credits
RE 401
RE 401
Housing Markets & Policy
Early Fall Study Abroad
3 credits
5 credits
Both can be counted for a total of 8 credits
FIN 435 Real Estate Capital Markets 4 credits Prereq. FIN 350
RE 431 Real Estate Asset & Portfolio Management 3 credits
RE 464 Affordable Housing 4 credits
RE 466 Advanced Housing Studies 4 credits
RE 497 Real Estate Data Modeling 4 credits
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 major except otherwise noted.

 

Analytic Skills Courses (10 credits)

At least 10 credits of approved analytic courses to develop strong data management, analysis, and visualization skills are required. At least one course must be an upper division class (either 300 or 400 level course).

Analytic Skills Courses

Course Number Course Name Credits Notes
STAT 100 Numbers and Reason 5 credits Early fall, discovery seminar
STAT 180
INFO 180
Introduction to Data Science 4 credits
QMETH 201 Introduction to Statistical Methods 4 credits
INFO 201 Technical Foundations 4 credits
STAT 220 Principles of statistical reasoning 5 credits
STAT 221
CS&SS 221
SOC 221
Statistical Concepts and Methods for the Social Sciences 5 credits
ARCH 380 Computers in Architecture 3 credits
GEOG 326 Quantitative Methods In Geography 5 credits
INFO 370 Core Methods in Data Science 5 credits Prereq INFO 201 & STAT 221
STAT 302 Statistical Software and Its Applications 3 credits Prereq STAT 311
STAT 311* Elements of Statistical Methods 5 credits Precalculus requirement, can be taken without STAT 220 or STAT 221
STAT 320
CS&SS 320
SOC 320
Evaluating Social Science Evidence 5 credits
CS&SS 321
STAT 321
SOC 321
Data Science and Statistics for Social Sciences I 5 credits
CS&SS 322
STAT 322
SOC 322
STAT 322 Case-Based Social Statistics II 5 credits Prereq STAT 221/CS&SS 221/SOC221
STAT 416 Introduction to Machine Learning 4 credits Prereq STAT 311
INFO 474 Interactive Information Visualization 5 credits Prereq INFO 340 or CSE 154; CSE 143; and either Q METH 201, Q SCI 381, STAT 221/CS&SS 221/SOC221, STAT 311, or STAT 390.

*STAT 311 does not have a prerequisite and is best as the first course in a sequence of STAT courses.

 

Built Environment Courses (5 credits)

At least 5 credit hours of approved built environment courses to be exposed to the context in which real estate takes place are required.

Built Environment Courses

Course Number Course Name Credits Notes
BE 200 Introduction 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
ARCH 200 Architectural Design and Representation I 5 Credits
ARCH 201 Architectural Design and Representation II 5 Credits
ARCH 350 Architecture of the Ancient World 3-5 credits
ARCH 351 Architecture of the Medieval and Early Modern World 3-5 credits
ARCH 352 History of Modern Architecture 3-5 credits
ARCH 452 History of Architecture in Seattle and Environs 3 Credits
ARCH 534 Green Technology 3 credits
ARCH 538 Building Reuse Seminar: Investigating the Value of Existing Buildings 3 Credits
CEP 200 Intro to Community and Environmental Planning 5 credits
CEP 498 Planning Practicum 1-9 credits
CM 250 Construction and Culture 5 credits
CM 260 Digital Tools 3 credits
CM 310 Introduction to the Construction Industry 3 credits
CM 311 Construction Documents 2 credits
CM 335 Sustainable Construction 3 credits
CM 416 Residential Project Development 3 credits
GEOG 277 Geography of Cities 5 credits
GEOG 317 Geographic Information and Spatial Analysis 5 credits
GEOG 360 GIS and Mapping 5 credits
GEOG 432 Geography of Inequality 5 credits
GEOG 445 Geography of Housing 5 credits
L ARCH 212 Designing the Future 5 credits
L ARCH 300 Introductory Landscape Architecture Design Studio 6 credits
L ARCH 341 Site Design and Planning 3 credits
L ARCH 352 History of Landscape Architecture 5 credits
L ARCH 353 History of Modern Landscape Architecture 5 credits
L ARCH 361 The Human Experience of Place 3 credits
L ARCH 363 Ecological Design and Planning 3 credits
L ARCH 454 History of Urban Landscapes and Environments 5 credits
PUBPOL 201 Introduction to Public Policy and Governance 5 credits
SOC 215 Intro to Urban Sociology 5 credits
SOC 415 The City and Neighborhood Dynamics 5 credits
T URB 480 Housing in the United States 5 credits
URBDP 200 Introduction to Urbanization 5 credits
URBDP 300 Introduction to Urban Planning 5 credits
URBDP 404 Intro to GIS 3 credits
URBDP 424 Site Planning: Issues and Techniques 3 credits
URBDP 450 Introduction to Land Use, Growth Management, and Environmental Planning 3 credits
URBDP 466 Infrastructure and Community Facilities 4 credits

 

Business Skills Courses (5 credits)

At least 5 credit hours of business skills courses to be introduced to some of the key communication, management, and organizational skills needed to be a successful professional are required.

Business Skills Courses

Course Number Course Name Credits Notes
ACCTG 219 Essentials of Accounting 4 credits
B CMU 301 Strategic Business Communication 4 credits
COM 220 Introduction to Public Speaking 5 credits
COM 270 Interpersonal Communication 5 credits
INFO 360 Design Methods 4 credits
INFO 380 Information Systems Analysis and Design 5 credits
MGMT 200 Introduction to Law 5 credits
MGMT 300 Leadership and Organizational Behavior 4 credits
MGMT 401 Leadership Development 4 credits
MGMT 402 Negotiations 4 credits
MGMT 407 Managing a Global Workforce 4 credits
MGMT 445 Multicultural Marketing and Business Development 4 credits
MKTG 275 Marketing Essentials 3 credits
MKTG 301 Marketing Concepts 4 credits
MKTG 335 Principles of Selling 4 credits Prereq MKTG 301
MKTG 370 Retailing 4 credits Prereq MKTG 301
MKTG 450 Consumer Behavior 4 credits
MKTG 462 Customer Analytics 4 credits Prereq MKTG 301

 

General Education Requirements

In addition to the major requirements, students must complete an additional 130 credits including 80 credits of general education requirements:

Areas of Knowledge English Composition Additional Writing Foreign Language Quantitative and Symbolic Reasoning Comments
20 VLPA, 20 I&S, 20 NW 5 credits 10 credits none 5 credits from the Q/SR list. MATH 112, MATH 124, QMETH 201 or Q SCI 291 recommended. Areas of Knowledge must include an approved Diversity course.

Learning Outcomes

The Real Estate Major educates future real estate professionals by equipping them with a deep understanding of the context within which their industry operates and will ensure they are sensitive to environmental resilience and the social and economic equity challenges that are prevalent in the built environment.

The Major benefits from the Runstad Department of Real Estate being located in the College of Built Environments. This provides students with exposure to five disciplines directly involved with shaping and managing the urban environment and creates an interdisciplinary approach that integrates capital, design, and policy considerations.

Students in the Major develop technical, analytical and business skills that prepare them to join the real estate industry, or interact with it, by working in the construction, design, policy, or community development fields. The interdisciplinary nature of real estate will be highlighted throughout the Major and in a variety of learning environments that students will encounter. Students are also encouraged to explore potential double majors and minors.

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 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