Real Estate

Ronald Anderson, Department Chair
Office: Alter Hall 420
215-204-8279
ron.anderson@temple.edu

Forrest Huffman, Ph.D., Undergraduate Real Estate Coordinator
Professor of Real Estate and Finance
Office: Alter Hall 432
215-204-6675
fhuffman@temple.edu

The real estate major is designed to provide an educational foundation for students interested in learning about real estate and real estate markets and/or pursuing careers in real estate. Traditional career paths include real estate investment and financial analysis, real estate financing and mortgage lending, real estate appraisal and valuation, property management, residential and commercial brokerage and marketing, and corporate real estate analysis.

Core competencies to be developed include the ability to analyze real estate investment opportunities from investor and lender perspectives, conduct asset and risk assessments and implement risk management strategies, understand the dynamics of real estate markets, and develop an understanding of the legal framework surrounding real estate ownership, title transfer, and the regulatory and legal requirements, including agency obligations, common in real estate transactions.

All real estate-interested students are encouraged to participate in Temple Real Estate Organization (TREO), the Fox School student professional organization (SPO) for real estate interested students. TREO meets regularly throughout the semester and has an active real estate speaker series. A Temple University real estate student listserv serves as a conduit for various internships and job/career opportunities from real estate companies in the local area. Temple University also hosts a chapter of Alpha Sigma Gamma, the International Real Estate Honorary Society. Alpha Sigma Gamma is the premier honorary organization for real estate students, faculty and professionals with over 30 university chapters and program affiliates. Membership in ASG is based on academic achievement. Real estate majors are eligible for a number of professional and university scholarships and financial awards, including the Fox School's E. Fred Kemner Scholarship Award, devoted exclusively to Temple real estate students. Students interested in any of the opportunities above should contact Professor Huffman for more information. 

Accelerated 3 Year BBA

Motivated students can accelerate their BBA program to finish in 3 years. Please see the suggested sequence.

Summary of Requirements 

University Requirements  

All students are required to complete the university's General Education (GenEd) curriculum.

Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.

College Requirements

Students must meet College Graduation Requirements for the Bachelor of Business Administration, including the requirements of the major listed below. Students must maintain a 2.0 GPA overall and a 2.0 GPA in the major to graduate. To calculate the GPA in the major, use the major GPA calculator.

Major Requirements

Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.

Requirements of Real Estate Major

RE 3501Real Estate Fundamentals3
RE 3502Real Estate Practice3
FIN 3504Intermediate Corporate Finance3
FIN 3509Real Estate Investment and Finance3
FIN 3514Commercial Real Estate Analysis3
FIN 3551International Finance 13
FIN 4597Seminar in Real Estate Asset Analysis (spring only) 23
Total Credit Hours21
1

FIN 3551 replaces IB 3101 in the upper division foundation. This course is not calculated in the major GPA.

2

This major capstone is taken in the final semester, and all prerequisites must be met. This course is currently only offered in the Spring semester.

Suggested Academic Plan

Bachelor of Business Administration in Real Estate

Requirements for New Students starting in the 2016-2017 Academic Year

Please note that this plan is suggested only, ensuring prerequisites are met.

Year 1
FallCredit Hours
STAT 1001Quantitative Methods for Business I3
ECON 1101Macroeconomic Principles3
HRM 1101Leadership and Organizational Management3
ENG 0802, 0812, or 0902Analytical Reading and Writing [GW]4
GenEd Breadth Course3
 Term Credit Hours16
Spring
STAT 1102Quantitative Methods for Business II3
ECON 1102Microeconomic Principles3
LGLS 1101Legal Environment of Business3
IH 0851 or 0951Mosaic: Humanities Seminar I [GY]3
GenEd Breadth Course3
 Term Credit Hours15
Year 2
Fall
STAT 2103Statistical Business Analytics (waives GenEd Quantitative Literacy requirement)4
ACCT 2101Financial Accounting3
MIS 2101Information Systems in Organizations3
BA 2104Excel for Business Applications1
IH 0852 or 0952Mosaic: Humanities Seminar II [GZ]3
GenEd Breadth Course3
 Term Credit Hours17
Spring
ACCT 2102Managerial Accounting3
MKTG 2101Marketing Management3
BA 2101Professional Development Strategies1
BA 2196Business Communications [WI]3
RMI 2101Introduction to Risk Management3
GenEd Breadth Course3
 Term Credit Hours16
Year 3
Fall
FIN 3101Financial Management3
MSOM 3101Operations Management3
BA 3102Business Society and Ethics3
Select one of the following:3
Real Estate Fundamentals 
Real Estate Practice 
GenEd Breadth Course3
 Term Credit Hours15
Spring
BA 3103Integrative Business Applications3
Select one of the following:3
Real Estate Practice 
Real Estate Fundamentals 
FIN 3509Real Estate Investment and Finance3
GenEd Breadth Course3
Free Elective3
 Term Credit Hours15
Year 4
Fall
BA 4101Global Business Policies3
FIN 3504Intermediate Corporate Finance3
FIN 3514Commercial Real Estate Analysis3
GenEd Breadth Course3
Free Elective3
 Term Credit Hours15
Spring
FIN 3551 or IB 3551International Finance3
FIN 4597Seminar in Real Estate Asset Analysis [WI] (spring only)3
Free Elective3
Free Elective3
Free Elective3
 Term Credit Hours15
 Total Credit Hours: 124

Finance Courses

FIN 0822. Investing for the Future. 4 Credit Hours.

This class will teach you about seemingly complicated financial topics in a very comprehensible manner that will help you make informed financial decisions to ensure a secure financial future. We begin with identification of common financial problems among the "young, fabulous and broke" and how to avoid them. After thinking about life and financial priorities, we address why thinking about retirement now must be at the top of your list. We examine how to compute your retirement needs and how to get there, primarily with a focus on investing in common stock. You will learn how to think smart about big ticket purchases such as cars, housing, and graduate/professional education. Finally we will make sure you understand how to create a safety net to protect your future. NOTE: This course fulfills the Quantitative Literacy (GQ) requirement for students under GenEd and a Quantitative Reasoning (QA or QB) requirement for students under Core. Students cannot receive credit for this course if they have successfully completed ECE 0822, FIN 0922 or RMI 0822.

Course Attributes: GQ

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
MATH 0701 to 4999| Required Courses:1|Minimum Grade of C-|May not be taken concurrently
OR MC3 Y|May not be taken concurrently
OR MC4 Y|May not be taken concurrently
OR MC5 Y|May not be taken concurrently
OR MC6 Y|May not be taken concurrently
OR STA1 Y|May not be taken concurrently
OR STA2 Y|May not be taken concurrently
OR STT3 Y|May not be taken concurrently
OR MC3A Y|May not be taken concurrently
OR MC6A Y|May not be taken concurrently
OR ST1A Y|May not be taken concurrently
OR ST2A Y|May not be taken concurrently.

FIN 0922. Honors Investing for the Future. 4 Credit Hours.

This class will teach you about seemingly complicated financial topics in an understandable manner that will help you make well-informed "money" decisions to ensure a secure financial future. At the same time, we will use the tools learned to analyze important current events such as the constant dollar (or inflation-adjusted) minimum wage and unfunded pension liabilities. We begin with identification of common financial problems among the "young, fabulous and broke" and how to think about addressing them. After addressing life and financial priorities, you will learn why retirement savings must be at the top of your list. We examine how to compute your retirement needs and how to get there, primarily with a focus on investing in the stock market. You will learn how to think smart about big ticket purchases such as cars, housing, and graduate/professional education. Finally we will make sure you understand how to create a safety net to protect your future. NOTE: This course fulfills the Quantitative Literacy (GQ) requirement for students under GenEd and a Quantitative Reasoning (QA or QB) requirement for students under Core. Students cannot receive credit for this course if they have successfully completed ECE 0822, FIN 0822 or RMI 0822.

Cohort Restrictions: Must be enrolled in one of the following Cohorts: SCHONORS, UHONORS, UHONORSTR

Course Attributes: GQ, HO

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
MATH 0701 to 4999| Required Courses:1|Minimum Grade of C-|May not be taken concurrently
OR MC3 Y|May not be taken concurrently
OR MC4 Y|May not be taken concurrently
OR MC5 Y|May not be taken concurrently
OR MC6 Y|May not be taken concurrently
OR STA1 Y|May not be taken concurrently
OR STA2 Y|May not be taken concurrently
OR STT3 Y|May not be taken concurrently
OR MC3A Y|May not be taken concurrently
OR MC6A Y|May not be taken concurrently
OR ST1A Y|May not be taken concurrently
OR ST2A Y|May not be taken concurrently.

FIN 3101. Financial Management. 3 Credit Hours.

This course provides a survey of the financial problems associated with the life cycle of a business firm. Topics include: financial analysis and planning, capital budgeting, cost of capital, and the sources and uses of business funds. While the emphasis is on decision making within a corporate environment, the tools taught in this course are just as relevant to other forms of business organization and to personal financial management.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Construction Mgt Tech, Career and Technical Education, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
(ECON 1101|Minimum Grade of C-|May not be taken concurrently
OR ECON 1901|Minimum Grade of C-|May not be taken concurrently)
AND (ECON 1102|Minimum Grade of C-|May not be taken concurrently
OR ECON 1902|Minimum Grade of C-|May not be taken concurrently)
AND (STAT 2102|Minimum Grade of C-|May not be taken concurrently
OR STAT 2902|Minimum Grade of C-|May not be taken concurrently
OR STAT 2104|Minimum Grade of C-|May not be taken concurrently
OR STAT 2103|Minimum Grade of C-|May not be taken concurrently
OR STAT 2903|Minimum Grade of C-|May not be taken concurrently
OR MATH 3031|Minimum Grade of C-|May not be taken concurrently)
AND (ACCT 2102|Minimum Grade of C-|May be taken concurrently
OR ACCT 2902|Minimum Grade of C-|May be taken concurrently
OR ACCT 2521|Minimum Grade of C-|May be taken concurrently).

FIN 3504. Intermediate Corporate Finance. 3 Credit Hours.

This course is an Excel based course in financial management. The course covers three broad areas of study: The first area is financial statements analysis, financial statements forecasting and free cash flow valuation of the firm. The second focuses on capital budgeting decisions. The third covers the cost of capital, leverage and capital structure policy. You will demonstrate your proficiency in each of the broad areas with an exam and a case analysis using the Excel spreadsheet. This course provides an intensive introduction to corporate financial decision-making and will prepare you for subsequent courses in the finance major.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3502|Minimum Grade of C|May not be taken concurrently.

FIN 3505. Management of Financial Institutions. 3 Credit Hours.

This course applies financial management theory and practice to the management of banks and other financial institutions. Topics include: risk-return tradeoffs, regulatory constraints, performance analysis, asset-liability management, and liquidity, interest rate and credit risk management.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3506. Derivatives and Financial Risk Management. 3 Credit Hours.

This course provides a theoretical and practical analysis of the following derivatives instruments: futures, options, options on futures, and swaps. Topics include: speculative and hedging strategies, and the financial risk management of stock portfolios.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3507. Investments. 3 Credit Hours.

This course provides a detailed analysis of the equity market. Topics include: market microstructure, the principles of portfolio theory, and the valuation of equities including the techniques of fundamental security analysis.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3508. Money and Fixed Income Markets. 3 Credit Hours.

This course provides a theoretical and practical analysis of the spot markets for money, bonds and other fixed income instruments. Topics include: money market instruments, duration and convexity of bond yields, default risk, the term structure of interest rates, interest rate volatility, financial risk management of bond portfolios, and securitization.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3509. Real Estate Investment and Finance. 3 Credit Hours.

This course provides theoretical and practical analyses of investments in real estate assets. Topics include: market and site analyses, financing alternatives and valuation techniques. NOTE: Finance 3509 is required for Real Estate majors.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3512. Financial Modeling. 3 Credit Hours.

Presents the theory and practice of financial management, emphasizing computer-based modeling and forecasting. Uses spreadsheets and other software products to analyze the impacts of financial decisions related to financial statement analysis, cash budgeting, and cost of capital determination, capital budgeting, and capital structure choices. The course covers a variety of techniques, such as sensitivity and scenario analysis, optimization methods, Monte Carlo simulation, and regression analysis.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3513. Financial Statement Analysis. 3 Credit Hours.

This course is about analyzing and using information from corporate financial reports for the purpose of financial analysis and valuation. The goal of this course is to learn how to use financial statement information to evaluate the firm's past and present performance and to predict likely future outcomes. We will learn to evaluate how well (or poorly) the financial statements depict the firm's economics and how we can use additional information, especially from footnote disclosures, to better understand and analyze financial statement information.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3514. Commercial Real Estate Analysis. 3 Credit Hours.

This course is designed to give students an understanding of activities and decisions that result in the man-made environment by introducing students to the complex world of commercial real estate analysis and development. Of primary interest are principles of sound development and the procedures and interactions of the analyst/developer that will be necessary to coordinate with governmental officials, community leaders, and neighbors, while meeting the needs of users of commercial real estate space. Of importance will be the integration of community preferences including environmental and sustainable development issues. An understanding of commercial real estate markets and development dynamics will require an understanding of real estate assets; complex urban dynamics; pertinent laws and regulations; the use of public and private financing; and the marketing of space within an urban context. Students should also develop the skills necessary to determine the requirements for the successful financial analysis of commercial real estate development including the forecasts of future cash flows and application of appropriate financial analysis techniques.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently.

FIN 3515. Financial Markets and Institutions for Business. 3 Credit Hours.

This course provides finance majors with a survey of financial instruments (with a focus on fixed income and money markets), markets, and institutions with a strong current events perspective. The course will have an applied managerial perspective that focuses on both how the markets are viewed by companies who need access to funding as well as the professionals that work in the financial services industry. The course is intended not only for those interested in careers in financial markets and institutions, but also for those who wish to extend their institutional industry specific knowledge.

College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May be taken concurrently
OR FIN 3901|Minimum Grade of C|May be taken concurrently.

FIN 3519. Introduction to Financial Planning. 3 Credit Hours.

This course provides an overview of the professional approach to personal financial planning. Topics include client/planner interactions; time value of money applications to retirement planning needs; personal financial statement development and assessment; cash flow and debt management; education planning; risk management and insurance; investment planning; employee benefits, tax and estate planning; ethics and practices standards; and practice management concepts.

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently.

FIN 3551. International Finance. 3 Credit Hours.

The course surveys the theory and practice of international finance, as it relates to both markets and firms. Topics include issues in international financial systems, currency market and risk management, and international corporate finance.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3571. Owl Fund Seminar. 3 Credit Hours.

This course provides select students with the in-depth training required to manage the William C. Dunkelberg Owl Fund.

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently.

FIN 3580. Special Topics. 3 Credit Hours.

Special topics in current developments in the field of Finance.

College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may be repeated for additional credit.

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently
OR FIN 3504|Minimum Grade of C|May not be taken concurrently.

FIN 3581. Field Experience in Finance. 3 Credit Hours.

This course allows finance majors to apply what they have learned in the classroom coupled with any professional skills they may have acquired in the workplace. The requirements of the course include: (1) an expectation that you can demonstrate a synthesis of finance concepts through the preparation of a final paper; (2) student responsibility to arrange meetings every other week with their faculty sponsor to track progress throughout the semester; and (3) a strong work ethic including self-motivation and self-discipline as well as an ability to meet deadlines is critical.

College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
(FIN 3504|Minimum Grade of C|May not be taken concurrently)
AND (FIN 3507|Minimum Grade of C|May not be taken concurrently).

FIN 3582. Independent Study. 1 to 6 Credit Hour.

Readings and/or research paper under the supervision of a faculty member.

Field of Study Restrictions: Must be enrolled in one of the following Majors: Finance, Real Estate
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may be repeated for additional credit.

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently.

FIN 3596. Owl Fund Seminar II. 3 Credit Hours.

This course will expose you to a key genre in the asset management field: an "initiating coverage" report from a buy or sell-side broker that is distributed to key clients such as high net worth investors, institutional money managers, and institutional investors. The completion of the assignments for this class requires you to demonstrate an understanding of the macro economy, industry structure and competition, marketing strategy, financial accounting, and basic corporate finance principles. In addition, you will also be challenged to explore the balance between advocacy and professional skepticism in presenting your results. Students must earn a grade of C in this course if they are using it to fill the writing intensive course requirement for their degree.

College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Course Attributes: WI

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3571|Minimum Grade of C|May not be taken concurrently.

FIN 3671. Advanced Owl Fund Seminar. 3 Credit Hours.

This course is a continuation of Finance 3571 that will focus on improving the students' skills in value investing and applied portfolio analysis. Students may register for this class only with the permission of the instructor.

College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3571|Minimum Grade of C|May not be taken concurrently.

FIN 3682. Independent Study. 1 to 6 Credit Hour.

Readings and/or research paper under the supervision of a faculty member.

Field of Study Restrictions: Must be enrolled in one of the following Majors: Finance, Real Estate
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Repeatability: This course may be repeated for additional credit.

Pre-requisites:
FIN 3101|Minimum Grade of C|May not be taken concurrently
OR FIN 3901|Minimum Grade of C|May not be taken concurrently
OR FIN 3503|Minimum Grade of C|May not be taken concurrently.

FIN 3901. Honors Financial Management. 3 Credit Hours.

This course provides a survey of the financial problems associated with the life cycle of a business firm. Topics include: financial analysis and planning, capital budgeting, cost of capital, and the sources and uses of business funds. While the emphasis is on decision making within a corporate environment, the tools taught in this course are just as relevant to other forms of business organization and to personal financial management. Finance 3901 is the honors section of Finance 3101 and meets the FSBM Finance 3101 requirement.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Actuarial Science, Business Management, Construction Mgt Tech, Career and Technical Education, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School
Cohort Restrictions: Must be enrolled in one of the following Cohorts: SCHONORS, UHONORS, UHONORSTR

Course Attributes: HO

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
(ECON 1101|Minimum Grade of C-|May not be taken concurrently
OR ECON 1901|Minimum Grade of C-|May not be taken concurrently)
AND (ECON 1102|Minimum Grade of C-|May not be taken concurrently
OR ECON 1902|Minimum Grade of C-|May not be taken concurrently)
AND (STAT 2102|Minimum Grade of C-|May not be taken concurrently
OR STAT 2902|Minimum Grade of C-|May not be taken concurrently
OR STAT 2104|Minimum Grade of C-|May not be taken concurrently
OR STAT 2103|Minimum Grade of C-|May not be taken concurrently
OR STAT 2903|Minimum Grade of C-|May not be taken concurrently
OR MATH 3031|Minimum Grade of C-|May not be taken concurrently)
AND (ACCT 2102|Minimum Grade of C-|May be taken concurrently
OR ACCT 2902|Minimum Grade of C-|May be taken concurrently
OR ACCT 2521|Minimum Grade of C-|May be taken concurrently).

FIN 3999. Honors Thesis I. 1 to 3 Credit Hour.

The first of a two-part sequence of courses in which independent research is conducted under the supervision of a thesis advisor from the Finance department resulting in a substantial piece of original research, roughly 30 to 50 pages in length upon completion of Finance 4999. The student must publicly present his/her findings at a Temple University Research Forum session or the equivalent during one of the two semesters during which these courses are undertaken.

Field of Study Restrictions: Must be enrolled in one of the following Majors: Finance
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School
Cohort Restrictions: Must be enrolled in one of the following Cohorts: SCHONORS, UHONORS, UHONORSTR

Course Attributes: HO

Repeatability: This course may be repeated for additional credit..

FIN 4596. Seminar in Financial Management. 3 Credit Hours.

This course integrates the key concepts of finance around the theme of valuation. The course enables students to: prepare a complete financial analysis focusing on the firm's sources of value and economic profit; compute a firm's cost of capital using publicly available data; value a firm using the free cash flow method; and use the valuation model to assess takeover alternatives and potential capital structure changes. NOTE: Finance 4596 is the required Capstone course for Finance majors. Students must earn a grade of C in this course if they are using it to fill the writing intensive course requirement for their degree.

Field of Study Restrictions: Must be enrolled in one of the following Majors: Finance
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Course Attributes: WI

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
FIN 3503|Minimum Grade of C|May not be taken concurrently
OR (FIN 3504|Minimum Grade of C|May not be taken concurrently
AND FIN 3507|Minimum Grade of C|May not be taken concurrently).

FIN 4597. Seminar in Real Estate Asset Analysis. 3 Credit Hours.

Finance 4597 is a detailed study of the financial asset and investment characteristics of commercial real estate using lecture and case analysis techniques. Some class time will be devoted to student interaction and team work development skills. A course project will develop writing and analytical skills. The course covers a variety of topics including acquisition and cash flow analysis, lease analysis, asset and property management strategies, financing strategies, disposition strategies, federal income taxation issues, risk management strategies and standard valuation techniques for commercial real estate. In addition to the course prerequisites, students should have a suitable background in the use of software for basic spreadsheet analysis and data and statistical analysis. NOTE: This is the required capstone course for real estate majors. Students must earn a grade of C in this course if they are using it to fill the writing intensive course requirement for their degree.

Field of Study Restrictions: Must be enrolled in one of the following Majors: Real Estate
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School

Course Attributes: WI

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
(FIN 3509|Minimum Grade of C|May not be taken concurrently)
AND (RE 3501|Minimum Grade of C|May not be taken concurrently).

FIN 4598. Seminar in Financial Planning. 3 Credit Hours.

Students taking this course are exposed to case analysis and integration of the six major areas of financial planning: fundamentals of financial planning, risk management, investments, income tax planning, retirement planning, and estate planning. Your primary assignment is to develop a well-constructed financial plan that analyzes a hypothetical client's situation integrating all of the knowledge you have been given in the program. Along with the written plan, you will also provide an oral presentation to a panel of CFP professionals. NOTE: FIN 4598 is the required capstone course for Financial Planning majors. A minimum grade of C is required in this course to graduate with a Financial Planning major.

Course Attributes: WI

Repeatability: This course may not be repeated for additional credits

Pre-requisites:
(FIN 3507|Minimum Grade of C|May not be taken concurrently)
AND (FIN 3519|Minimum Grade of C|May not be taken concurrently).

FIN 4999. Honors Senior Thesis II. 1 to 3 Credit Hour.

Independent research conducted under the supervision of a thesis advisor from the Finance Department resulting in a substantial piece of original research, roughly 30 to 50 pages in length. Student must publicly present his/her findings at a Temple University Research Forum session or the equivalent if this was not done in Finance 3999.

Field of Study Restrictions: Must be enrolled in one of the following Majors: Finance
College Restrictions: Must be enrolled in one of the following Colleges: Business & Mngmnt, Fox School
Cohort Restrictions: Must be enrolled in one of the following Cohorts: SCHONORS, UHONORS, UHONORSTR

Course Attributes: HO

Repeatability: This course may be repeated for additional credit.

Pre-requisites:
FIN 3999|Minimum Grade of C-|May not be taken concurrently.

Real Estate Courses

RE 3501. Real Estate Fundamentals. 3 Credit Hours.

A survey of real estate transactions, financing, marketing, land use control, and theories of urban development. Designed to acquaint the student with the language, principles, and laws that govern the real estate enterprise. The underlying concepts of land, property rights and the means, methods, and laws that govern the conveyance of these rights. NOTE: This course is required for the Real Estate Licensing examination.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Facilities Management, Actuarial Science, Business Management, Community Development, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, General Business Studies, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits.

RE 3502. Real Estate Practice. 3 Credit Hours.

Required for the Real Estate Licensing examination, this course will explore the laws relating to the creation and transfer of interests in land including the Agreement of Sale, deeds and leases. It will also discuss the recording system for deeds, mortgages, title searches and title insurance, financing, the appraisal process, closing procedures for residential and commercial real estate, the Real Estate Settlement Procedures Act, listing agreements, and the licensing law for real estate brokers and salespersons. NOTE: This course is required for the Real Estate Licensing examination.

Field of Study Restrictions: Must be enrolled in one of the following Fields of study: Accounting, Facilities Management, Actuarial Science, Business Management, Community Development, Economics, Entrprnrship & Innovation Mgt, Entrepreneurship, Finance, Financial Planning, General Business Studies, Human Resource Management, International Business, Law & Business, Legal Studies, Management Information Systems, Marketing, Real Estate, Risk Management and Insurance, Supply Chain Management, Statistical Sci + Data Analyt, Undeclared-Business & Mngt

Repeatability: This course may not be repeated for additional credits.