To graduate, MRE students must receive credit for a minimum of 12 courses** (36 semester-credit hours), consisting of 7 program specific and 5 elective and concentration courses.
The Real Estate core is taken by all students.
The five concentration areas that students can choose to focus on are:
- Residential Real Estate Sales, Marketing and Management
This concentration is designed for those students who wish to pursue careers in real estate brokerage management or as a sales associate.
- Real Estate Asset and Property Management
This concentration is designed for those students pursuing careers in the field of diversified real estate management with an emphasis on the residential and retail sectors.
- Commercial Real Estate Investment and Analysis
This concentration is designed for those students pursuing careers in the field of commercial real estate.
- Real Estate Appraisal and Valuation Services
This concentration is designed for those students who wish to pursue in-depth study of how real estate is appraised and valued in the absence of frequent transactions. Approached to value determination are explored as are legal and ethical considerations in an environment where parties may have competing interests.
- Real Estate Association Management
This specialization is designed for those students who are currently holding, or aspire to, management staff positions at the national, regional, state or local REALTOR® association level, or who desire active involvement in association activities in other than REALTOR® associations.
**Some students may also be required to complete up to 7 Business Prerequisite courses and 1 – 2 prerequisite skill courses: Foundations of Managerial Mathematics (GPRS400) and/or Foundations of Professional Communications (GPRS410).
Master of Real Estate Program Objectives
Upon successful completion of this degree program, students will be able to:
- Articulate the real estate factors that impact the national and global economy.
- Apply course-related concepts, principles, and theories to professional real estate practice.
- Apply analytical financial and economic tools to a dynamic national and global marketplace.
- Self-assess the application of analytical decision-making skills in applied field work through research projects.
- Interpret the financial implications of real estate business decision-making.
- Formulate a multi-functional perspective that allows for management of cross-disciplinary endeavors and integration of functions across the real estate business enterprise.
- Apply analytical skills in accounting and finance in order to conduct sound analyses.
- Conduct quantitative analyses of real estate situations in order to use technology to support effective business decisions.
- Analyze the legal, political, and ethical influences on real estate business opportunities.
- Formulate market-driven strategies and effectively meet real estate customer needs.
- Interpret and extrapolate national and global trends to inform management and operation of the real estate economic system.
- Demonstrate competence in using major technical tools and systems by industry professionals such as the Multiple Listing Services, industry databases, and online networking tools.
- Synthesize knowledge and skills gained from the completion of core and concentration courses by researching an original topic that contributes to the field of real estate.