Real Estate
Learn more about the Bachelor of Business Administration in Real Estate.
Oleg Rytchkov, Department Chair
Alter Hall 420
215-204-4146
rytchkov@temple.edu
David J. Wilk, Director of the Real Estate Program
1810 Liacouras Walk, Suite 230
215-204-6675
david.wilk@temple.edu
https://www.fox.temple.edu/faculty-research/academic-areas/finance/
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 highly 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. Students interested in learning more should contact Professor Wilk.
Licensure/Certification
To become licensed as a real estate sales agent in Pennsylvania, a candidate must be at least 18 years old, complete a pre-licensing class and exam where there are a minimum 75 hours of approved real estate education, submit to a background check, and after all that is completed, pass the state of Pennsylvania licensing exam. While the process to get a real estate license is similar in most states, each state has unique steps that must be adhered to.
Students earning a BBA in Real Estate from Temple, or those students at Temple who successfully complete RE 3501 and RE 3502 qualifies under the Pennsylvania educational requirements to sit for the state real estate licensing exam.
Each state has its own requirements for real estate sales licensing, and they can also include fingerprints as part of a criminal background check, a high school diploma, and certificates of completion for either the pre-licensing class and exam, or a transcript showing successful completion of college courses. Individuals already licensed in one state may also become licensed in other states through what is called "reciprocity", keeping in mind that all states have different requirements for which states allow for reciprocity, and under what conditions a reciprocal license can be obtained.
Real estate majors who are interested in the appraisal profession can receive up to 258 hours of qualified appraisal education toward their state appraisal license through the agreement between Temple University and Appraisal Foundation.
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.
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
| Code | Title | Credit Hours |
|---|---|---|
| RE 3501 | Real Estate Fundamentals | 3 |
| FIN 3509 | Real Estate Investment and Finance | 3 |
| FIN 4597 | Seminar in Real Estate Asset Analysis (spring only) 1 | 3 |
| Select three of the following: | 9 | |
| Introduction to Design and the Environment | ||
| Architectural Representation for Non-Majors | ||
| Commercial Real Estate Analysis | ||
| Real Estate Financial Modeling | ||
| Real Estate Finance and Mortgage Markets | ||
| Real Estate Development | ||
| Real Estate Practice | ||
| Residential Property Management | ||
| Management of Corporate Real Estate Assets | ||
| Total Credit Hours | 18 | |
| 1 | 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 2022-2023 Academic Year
Please note that this plan is suggested only, ensuring prerequisites are met.
| Year 1 | ||
|---|---|---|
| Fall | Credit Hours | |
| STAT 1001 | Quantitative Methods for Business I | 3 |
| ECON 1101 | Macroeconomic Principles | 3 |
| HRM 1101 | Leadership and Organizational Management | 3 |
| ENG 0802, 0812, or 0902 | Analytical Reading and Writing [GW] | 4 |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 16 | |
| Spring | ||
| STAT 1102 | Quantitative Methods for Business II | 4 |
| ECON 1102 | Microeconomic Principles | 3 |
| BA 1103 | Legal and Ethical Reasoning in Business | 3 |
| IH 0851 or 0951 | Intellectual Heritage I: The Good Life [GY] | 3 |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 16 | |
| Year 2 | ||
| Fall | ||
| ACCT 2103 | Financial and Managerial Accounting for Decision Making | 4 |
| STAT 2103 | Statistical Business Analytics (waives GenEd Quantitative Literacy requirement) | 4 |
| MIS 2101 | Digital Systems | 3 |
| MKTG 2101 | Marketing Management | 3 |
| IH 0852 or 0952 | Intellectual Heritage II: The Common Good [GZ] | 3 |
| Term Credit Hours | 17 | |
| Spring | ||
| BA 2101 | Professional Development Strategies | 1 |
| BA 2196 | Business Communications [WI] | 3 |
| Select one of the following:1 | 3 | |
| Turning Numbers into Knowledge: Visualizing Data | ||
| Business Analytics: Modern Data Science Techniques | ||
| RMI 2101 | Introduction to Risk Management | 3 |
| FIN 3101 | Financial Management | 3 |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 16 | |
| Year 3 | ||
| Fall | ||
| MSOM 3101 | Operations Management | 3 |
| FIN 3509 | Real Estate Investment and Finance | 3 |
| RE 3501 | Real Estate Fundamentals | 3 |
| Business Elective2 | 3 | |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 15 | |
| Spring | ||
| Select two of the following: | 6 | |
| Introduction to Design and the Environment | ||
| Architectural Representation for Non-Majors | ||
| Commercial Real Estate Analysis | ||
| Real Estate Financial Modeling | ||
| Real Estate Finance and Mortgage Markets | ||
| Real Estate Development | ||
| Real Estate Practice | ||
| Residential Property Management | ||
| Management of Corporate Real Estate Assets | ||
| Business Elective2 | 3 | |
| GenEd Breadth Course | 3 | |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 15 | |
| Year 4 | ||
| Fall | ||
| BA 4102 | Strategic Management | 3 |
| Select one of the following: | 3 | |
| Introduction to Design and the Environment | ||
| Architectural Representation for Non-Majors | ||
| Commercial Real Estate Analysis | ||
| Real Estate Financial Modeling | ||
| Real Estate Finance and Mortgage Markets | ||
| Real Estate Development | ||
| Real Estate Practice | ||
| Residential Property Management | ||
| Management of Corporate Real Estate Assets | ||
| Business Elective2 | 3 | |
| GenEd Breadth Course | 3 | |
| Free Elective | 3 | |
| Term Credit Hours | 15 | |
| Spring | ||
| FIN 4597 | Seminar in Real Estate Asset Analysis [WI] (spring only) | 3 |
| Free Elective | 3 | |
| Free Elective | 3 | |
| Free Elective | 3 | |
| Free Elective | 2 | |
| Term Credit Hours | 14 | |
| Total Credit Hours: | 124 | |
| 1 | Please check with your departmental advisor on which course is most appropriate for the major. |
| 2 | 2000-3999 electives can be selected from: ACCT, AS, BA, ECON, FIN, HRM, IB, LGLS, MIS, MKTG, RE, RMI, STAT, SCM, SGM. Please see your advisor for elective suggestions that match your career objectives. |