Courses

Master of Real Estate Program Curriculum

Common Body of Knowledge/Prerequisites
Students without previous coursework in business administration must complete the following prerequisite courses at Texas A&M or their equivalent at another university.
ACCT 640 - Accounting Concepts and Procedures, Credits: 3Accounting concepts and relationships essential to administrative decisions; use of accounting statements and reports as policy making and policy execution tools. (or ACCT 209-Survey of Accounting Principles or ACCT 229-Introductory Accounting)
ECON 202 – Principles of Economics (Micro Economics), Credits: 3Elementary principles of economics; the economic problem and the price system; theory of demand, theory of production and the firm, theory of supply; the interaction of demand and supply.
FINC 635 – Financial Management for Non-Business, Credits: 3External and internal factors affecting financial decision-making in the firm; fundamental concepts of accounting and managerial economics. (or FINC 409-Survey of Finance Principles or FINC 341-Business Finance)
STAT 651 – Statistics in Research I, Credits: 3Non-calculus exposition of the concepts, methods, and usage of statistical data analysis; T-tests, analysis of variance, and linear regression. (or STAT 302 or 303-Statistical Methods or INFO 303-Statistical Methods)Core courses

Core Coursework:

AGEC 603 – Land Economics, Credits: 3 – Application of economic, financial, legal and related concepts and tools for decision making in land management, real estate development and appraisal of land and attendant resources; public and private property rights and current land and resource management issues emphasized; real estate valuation methods and use of electronic information systems studied.

FINC 670 – Real Property Analysis, Credits: 3 – Provides the economic and financial tools used to analyze real estate investments, new property developments and the redevelopment of existing properties.

FINC 672 – Real Property Finance, Credits: 3 – Primary and secondary mortgage markets; mortgage markets’ institutional organization, alternative mortgage instruments, creative financing techniques, loan underwriting factors, and risk hedging strategies,

FINC 673 Real Property Valuation I: Credits: 3 – Procedures used to estimate the market value of real property; market analysis and valuation techniques most appropriate for appraising income-producing properties; demonstration appraisal report.

FINC 675 – Analysis of Real Estate Decisions, Credits: 3 – Exploration of the real estate capital markets and issues affecting the financing of institutional real estate. Topics covered include impact of securitization, public versus private capital sources, cost of capital, asset allocation, impact of technology, fiduciary responsibilities, product analysis, and business strategies.

FINC 676 – Commercial Real Estate Law, Credits: 3 – Commercial real estate law including legal ownership interests in oil and gas law, real estate sales contact, financing, instruments and closings, commercial leases, and real estate regulations and taxation.

FINC 677 – Real Estate Development Analysis, Credits: 3 – Financial aspects of real estate development; project investment characteristics and merits.

FINC 678 – Real Estate Analytics, Credits: 1 – Directed study of selected problems using ARGUS, Excel Financial modeling and GIS analyses. January wintermester.

FINC 684 – Professional Internship, Credits: 3 – A directed internship in an organization to provide students with on-the-job training with professionals in organizational settings appropriate to the student’s professional objectives.

FINC 685 – Opportunities in Real Estate, Credits: 2 – Directed study with weekly real estate speakers from the Commercial Real Estate industry.

Recommended Electives

In conjunction with their academic advisor, students choose from a variety of potential electives (up to three courses, 3 credit hours each). Students are encouraged to focus their electives in a functional area in which they intend to practice. The following courses are recommended.

FINC 629 – Financial Management I, Credits: 3 – Analysis of finance function, credit and equity markets, financing and dividend decisions; mechanics of financial analysis.

FINC 632 – Investment Management, Credits: 3 – Introductory course in investments; nature and functioning of securities markets; various investment media and tools for analysis of these media; analysis of debt and equity securities. Alternative trading strategies evaluated.

FINC 642 – Analysis of Money and Capital Markets, Credits: 3 – U.S. money and capital markets; changes in the supply of and demand for money and capital as they influence the policies of financial intermediaries, fiscal and monetary authorities, and non-financial firms. Interest rates; factors affecting their level and structure; flow of funds in the U.S. economy.

LDEV 661 – Development and the Environment, Credits: 3 – Land development in the context of environment sustainability, human well being, and business profitability to foster a restorative economy; environmental easement and site analysis; state, federal, and international regulatory issues; and human ecology and the future of land development.

LDEV 664 – Market Analysis for Development, Credits: 3 – Techniques and data sources for market analysis for development; analysis for housing development; trade area analysis and market analysis for retail development; analysis for office, industrial parks and for specialized development.

LDEV 667 – Design and Development Economy, Credits: 3 – Interface between the physical and financial dimensions in the design and development process to achieve building and project economics; creating a physical product and a financial venture that responds to social and environmental concerns and to market economy and feasibility analysis.

LDEV 671 – Sustainable Development, Credits: 3 – Sustainability perspectives about values, rights, property and what constitutes an optimum human environment; sustainability principles and case studies emphasizing on-the ground, incentive-based land development that balances economic growth with environmental quality.

MGMT 639 – Negotiations, Credits: 3 – Understanding prescriptive and descriptive negotiation theory as it applies to dyadic and multi-party negotiations, to buyer-seller transactions, dispute resolution, development of negotiation strategy, and management of integrative and distributive aspects of the negotiation process.