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.

Real Estate Degree Review Program (appraisalfoundation.org)

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

RE 3501Real Estate Fundamentals3
FIN 3509Real Estate Investment and Finance3
FIN 4597Seminar in Real Estate Asset Analysis (spring only) 13
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 Hours18

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
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 II4
ECON 1102Microeconomic Principles3
BA 1103Legal and Ethical Reasoning in Business3
IH 0851 or 0951Intellectual Heritage I: The Good Life [GY]3
GenEd Breadth Course3
 Term Credit Hours16
Year 2
Fall
ACCT 2103Financial and Managerial Accounting for Decision Making4
STAT 2103Statistical Business Analytics (waives GenEd Quantitative Literacy requirement)4
MIS 2101Digital Systems3
MKTG 2101Marketing Management3
IH 0852 or 0952Intellectual Heritage II: The Common Good [GZ]3
 Term Credit Hours17
Spring
BA 2101Professional Development Strategies1
BA 2196Business Communications [WI]3
Select one of the following:13
Turning Numbers into Knowledge: Visualizing Data 
Business Analytics: Modern Data Science Techniques 
RMI 2101Introduction to Risk Management3
FIN 3101Financial Management3
GenEd Breadth Course3
 Term Credit Hours16
Year 3
Fall
MSOM 3101Operations Management3
FIN 3509Real Estate Investment and Finance3
RE 3501Real Estate Fundamentals3
Business Elective23
GenEd Breadth Course3
 Term Credit Hours15
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 Elective23
GenEd Breadth Course3
GenEd Breadth Course3
 Term Credit Hours15
Year 4
Fall
BA 4102Strategic Management3
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 Elective23
GenEd Breadth Course3
Free Elective3
 Term Credit Hours15
Spring
FIN 4597Seminar in Real Estate Asset Analysis [WI] (spring only)3
Free Elective3
Free Elective3
Free Elective3
Free Elective2
 Term Credit Hours14
 Total Credit Hours: 124