Runstad Department of Real Estate

Real Estate Undergraduate Minor

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

Curriculum

The curriculum covers both the residential and commercial real estate sectors. It has been structured for students majoring in disciplines across the university.

The following classes are offered:

RE 350 – Introduction to Real Estate
RE 361 – Property Transaction Law and Brokerage
RE 362 – Real Estate Valuation and Appraisal
RE 363 – Real Estate Development Process
RE 364 – Real Estate Asset and Portfolio Management
RE 370 – Real Estate Data Modeling
RE 400 – Real Estate Accounting
RE 401 – Housing Markets and Policy
RE 416 – Real Estate Market Analysis
RE 465 – Real Estate Finance

View the course catalog for course descriptions and availability.

Students in the Foster School of Business may use the following substitutions:

FIN 425 Introduction to Real Estate Finance and Investment for RE 365 Real Estate Finance
FIN 490 Real Estate Development for RE 363 Real Estate Development Process
RE 400 Real Estate Accounting can be substituted for any of the following:
Accounting 215 – Introduction to Accounting and Financial Reporting
Accounting 219 – Essentials of Accounting
Accounting 225 – Fundamentals of Managerial Accounting

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.

How to Declare:

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 with one exception. 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.

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.

Please contact reminor@uw.edu if you have any questions related to the real estate minor.