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: 3||Accounting 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: 3||Elementary 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: 3||External 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: 3||Non-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 SCMT 303-Statistical Methods)|
- 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 671 – Opportunities in Real Estate, Credits: 2 – Directed study with weekly real estate speakers from the Commercial Real Estate industry.
- 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 the impact of securitization, public versus private capital sources, cost of capital, asset allocation, the 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 contract, 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 I, Credits: 1 – A directed study of selected problems using ARGUS and Excel Financial modeling. January winter-mester.
- FINC 689 – Real Estate Analytics II, Credits: 3 – Real Estate Analytics II is a practical course that teaches students to build detailed financial models in both Microsoft Excel and ARGUS Enterprise for the analysis of commercial real estate investment. Acquisition, development and equity fund structures will be explored. This course builds on skills developed in FINC 678, Real Estate Analytics I.
- 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 689 – Innovation and Technology in Commercial Real Estate, Credits: 3 – This course will prepare future leaders to thrive during an unprecedented amount of change in the commercial real estate industry. Students first learn the fundamentals of innovation and how these traditional theories relate to a variety of real estate fields and asset classes. Through current case studies, we will investigate the effect of shifts in consumer behavior, the future of work, and technology on how we live, work and play within the built environment. We will explore PropTech and how this trend is re-shaping the horizon for the world’s largest asset class. The students will interact with industry leaders to learn how they have created a culture of innovation and learned from failure to transform their industry. Finally, we will challenge presuppositions that technological change is always good and interact with sage thinkers from the past and present to develop a paradigm through which students can analyze change with wisdom. These principles will help Master of Real Estate Students differentiate and lead in a highly competitive job market.