Runstad Department of Real Estate

Real Estate Undergraduate Minor

The minor in real estate is open to all undergraduate students across the University of Washington. It is designed to provide students with an opportunity to obtain comprehensive exposure to the field of real estate. Real estate is core to both our society and economic well-being. Real estate professionals serve a central role in the development of the built environment from deciding what will be developed and how it will be funded to leasing and managing real property.

The minor in real estate has been created with the generous support of Windermere Real Estate and the Jacobi family.

Get Involved

Declare the Minor 

Meet with your major department adviser in order to declare the minor. Your major department adviser must sign the Change of Major/Minor Form. It can be done at any time once you have declared a major with one exception. You cannot declare a minor after the deadline for applying to graduate. You cannot declare a minor after the deadline for applying to graduate. Students who have declared the minor will receive priority in registering for real estate courses during the first registration period.

Listserv

Sign up here if you want to be added to the listserv to receive information about the minor and career opportunities in real estate. Use your UW email address and confirm your request by accepting the link on the confirmation email.

Advising

Rebecca Walter and Arthur Acolin serve as the Co-Directors and Advisers for the minor. Please contact them through reminor@uw.edu if you have any questions related to the real estate minor.

Curriculum

The real estate minor requires to have completed 25 credits of approved courses. A minimum of 16 credits (including Introduction to Real Estate) of undergraduate real estate courses (or approved substitutes) are required. The other 9 credits can come from undergraduate real estate courses or from graduate real estate courses with the permission of the instructors or from approved related courses from other departments. The curriculum covers both the residential and commercial real estate sectors. It has been structured for students majoring in disciplines across the university.

Undergraduate Real Estate Classes

Introduction to Real Estate is required to complete the minor and an additional 13 credits need to come from undergraduate real estate courses or approved substitutes as shown below:

Course Number Course Name Credits Notes
RE 250 Intro to Real Estate 3 credits Required Course
RE 416
RE 516
Real Estate Market Analysis
Real Estate Economics & Market Analysis
4 credits
4 credits
Substitute
RE 361 Property Transaction Law 3 credits
RE 411
RE 511
Real Estate Valuation & Appraisal
Real Estate Appraisal
3 credits
3 credits
Substitute
RE 363
RE 550
FIN 445
Real Estate Development Process
Real Estate Development
Real Estate Development
3 credits
4 credits
4 credits
Substitute
Substitute
RE 364
RE 517
Real Estate Asset & Portfolio Management
Real Estate Asset Management
3 credits
3 credits
Substitute
RE 465
RE 513
FIN 425
Intro to Real Estate Finance
Real Estate Finance & Investment
Intro to Real Estate Finance & Investment
3 credits
4 credits
4 credits
Substitute
Substitute
RE 497/597
URBDP 404
GEOG 317
GEOG 360
Real Estate Data Modeling
Intro to GIS
Geographic Info & Spatial Analysis
GIS and Mapping
4 credits
3 credits
5 credits
5 credits
Substitute
Substitute. GEOG Students
Substitute
RE 400
RE 507
Real Estate Accounting
Accounting for Real Estate
3 credits
3 credits
Substitute
RE 401/563
RE 401/563
Housing Markets & Policy
Early Fall Study Abroad
3 credits
5 credits
Both courses can be counted for a total of 8 credits
FIN 435 Real Estate Capital Markets 4 credits Prereq FIN 350
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 minor except otherwise noted.

Approved Related Courses

A maximum of 9 credits from this list can count towards the minor. Graduate real estate courses that may count toward the minor:

Course Number Course Name Credits
RE 508 Financial Modeling for Real Estate I 2 credits
RE 509 Financial Modeling for Real Estate II 2 credits
RE 512 Leadership in the Built Environment 3 credits
RE 514 Negotiations and Conflict Resolution 3 credits
RE 515 Real Estate Law 3 credits
RE 518 Best Practices in Sustainable Real Estate 3 credits
RE 530 Corporate Real Estate 3 credits
RE 531 Risk & Portfolio Management 3 credits
RE 540 Advanced Real Estate Finance & Investment 3 credits
RE 541 Real Estate Capital Markets 3 credits
RE 532 Project Management 3 credits
RE 542 Private Public Project Finance 3 credits
RE 559 Risk & Reward in Sustainable Development 3 credits
RE 564 Affordable Housing 4 credits
RE 565 Advanced Housing Studies 4 credits
RE 598 Sustainable Development & Regional Economics 3 credits

Non-Real Estate courses that may count toward the minor

Course Number Course Name Credits
ACCTG 215 Intro to Accounting & Financial Reporting 5 credits
ACCTG 219 Essentials of Accounting 4 credits
BE 200 Intro to Built Environments 3 credits
BE 210 A Global History of the Built Environment I and II 5 credits
BE 220 Cities, Health, & Well-being 3 credits
BE 230 Living with Disasters 5 credits
BE 405 Built Environments Studio 6 credits
CEP 200 Intro to Community & Environmental Planning 5 credits
CEP 498 CEP 498 Planning Practicum 1 – 9 credits
CM 250 Construction & Culture 5 credits
CM 310 Intro to the Construction Industry 3 credits
GEOG 277 Geography of Cities 5 credits
GEOG 432 Geography of Inequality 5 credits
GEOG 445 Geography of Housing 5 credits
QMETH 201 Intro to Statistical Methods 4 credits
STAT 311 Elements of Statistical Methods 5 Credits
STAT
310/CS&SS
320/SOC
320
Evaluating Social Science Evidence 5 credits
URBDP 200 Introduction to Urbanization 5 credits
URBDP 300 Introduction to Urban Planning 5 credits
URBDP 466 Infrastructure and Community Facilities 4 credits

Learning Outcomes

Students in the minor will develop technical, statistical, and analytical skills that will enable them to interpret data across a wide range of topics. This analysis will aid in addressing many of the challenges facing the world today. The interdisciplinary nature of real estate will be highlighted throughout the minor and in a variety of learning environments that students will encounter.

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 the 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

Career Opportunities

The real estate minor will help students understand how their major can be integrated into a variety of career paths available within the real estate profession. It will prepare students for careers in real estate brokerage, finance, asset management, development, and public policy.

The minor is not only suitable for students intending to pursue a dedicated career in real estate, but will also be valuable in cases where real estate complements their major field. For example:

  • Architecture
  • Business
  • Community, Environment, and Planning
  • Construction Management
  • Geography
  • Law, Societies and Justice
  • Sociology
  • Public Policy

Real Estate Club

The Real Estate Club at the University of Washington provides opportunities for networking, career development, and property tours for students who have an interest in real estate. The membership is comprised of students across campus including, but not limited to: the College of Built Environments, Foster School of Business, Evans School of Public Affairs, and the School of Law. The club is open to all members of the UW community. For further information visit the website at www.UWREClub.com.