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Fisher College o Business

Real Estate & Urban Analysis

Real estate is an applied discipline that utilizes management,economics, marketing, and especially nance principles inthe study o real estate valuation, development, brokerage, andnance. Many areas o the nancial services industryloanorigination and servicing, portolio investment and advisingrequire extensive real estate knowledge.

As students progress in their real estate careers, they typicallyacquire designations rom and participate in one or moreproessional associations. Among the designations are theMAI (Member o the Appraisal Institute), CCIM (CommercialInvestment Real Estate Institute), GRI & CRS (awarded by theNational Association o Realtors), CRE (American Society oReal Estate Counselors), and CPM (Institute o Real EstateManagement). Among other proessional organizations are theUrban Land Institute (real estate development), the NationalAssociation o Homebuilders, Building Owners and ManagersAssociation, Mortgage Bankers Association o America,International Council o Shopping Centers (shopping centerdevelopment/leasing/management), National Association o

Corporate Real Estate Executives, National Association oReal Estate Investment Tracts, and the Industrial DevelopmentResearch Council (corporate real estate). The diversity odesignations and organizations refects the variety o careeropportunities in real estate.

Some components o the real estate business require licensure orcertication. Negotiation o the sale or lease and, in some states,the management o the property o another, requires licensure.State certication or licensure also is required to appraise manyproperties. The real estate program at Ohio State is not designedto prepare the student or a specic career in real estate,although the student can acquire the educational prerequisites orlicensure in Ohio as a salesperson or broker while completing thereal estate major. The real estate program o study is intended to

contribute to a successul career in any aspect o real estate.

Pursuing Real Estate & Urban Analysis at Ohio StateStudents interested in business administration as a degree shouldhave a good high school background in mathematics and writtenand oral communication. Experience with computers is helpul.

Students who come to Ohio State to study business will bedirectly enrolled as pre-business students in the Fisher Collegeo Business i they meet one o the ollowing criteria: a minimumACT composite score o 25, SAT combined Critical Reading andMath scores o 1150, or a rank in the top 20% o their high schoolclass. As a pre-major, students will enter the pre-major advisingprogram within the Fisher College o Business. Those studentsnot eligible to directly enroll in business may enroll in the

Management and Industry Exploration Program. To learn more,visit exploration.osu.edu.

Acceptance into the major and degree candidacy within thecollege is by application. Students may apply to a major programater completing a specied set o courses. Admission o studentswith an overall cumulative point-hour ratio (CPHR) o 3.00 orabove is guaranteed. College academic counselors can provideCPHR inormation or the most recently admitted class.

New reshman with high ACT or SAT composite test scoresand a high school rank in the upper 10% or acceptance into theUniversity Honors Program may be eligible or direct enrollment inbusiness majors.

Acceptance in the students major area o interest within theCollege o Business is competitive on a space available basis.More inormation may be ound at sher.osu.edu.

Real Estate & Urban Analysis Requirements PrinciplesCourses

Accounting PrinciplesEconomics PrinciplesStatistics

CoreCoursesBusiness Skills and EnvironmentLegal Environment o BusinessInternational BusinessFinance

Management SciencesManagement and Human ResourcesMarketingEconomicsSenior Seminar in Business Policy

RequiredMajorCoursesReal Estate Investment AnalysisReal Estate FinanceReal Estate EvaluationSelected Topics in Real Estate Principles, Law, andUrban Studies

Program Educational ObjectivesAt graduation, Fisher College o Business graduates: willpossessstronganalyticalandproblem-solvingskills

to identiy and critically assess problems acingcontemporary businesses.

willdemonstratein-depthknowledgeofRealEstateandUrban Analysis.

willpossessaglobalperspectiveandcancriticallyevaluatethe international context a contemporary business operates in.

Fisher College of Business: fsher.osu.eduOhio State: www.osu.eduCareer Management: fsher.osu.edu/career

Majors: fsher.osu.edu/career/ungrad/explore.htmRankings: fsher.osu.edu/news/about/rankings.htmAdmissions:undergrad.osu.edu

[ ]Ranked 13th among real estate and urban

analysis programs by the US News andWorld Report 2009.

Students specializing in real estate mayhave career opportunities in commercialbanks, savings and loan companies,insurance companies, mortgage banks, andprivate appraisal and consulting. Real estatebuilding and subdividing organizations,property management rms, and brokerageoces also oer employment.

http://fisher.osu.edu/http://www.fisher.osu.edu/http://www.fisher.osu.edu/http://www.osu.edu/http://fisher.osu.edu/career/http://fisher.osu.edu/career/ungrad/explore.htmhttp://fisher.osu.edu/news/about/rankings.htmhttp://www.undergrad.osu.edu/http://www.undergrad.osu.edu/http://fisher.osu.edu/news/about/rankings.htmhttp://fisher.osu.edu/career/ungrad/explore.htmhttp://fisher.osu.edu/career/http://www.osu.edu/http://www.fisher.osu.edu/http://www.fisher.osu.edu/http://fisher.osu.edu/

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canidentifyandassessethicalissuessurroundingbusinessdecisions. areabletoworkeffectivelyinateam-basedenvironment. candemonstrateprofessionaldeportmentandeffectiveoralandwritten

communication skills.

Co-Curricular OpportunitiesThere are many opportunities or students in the Fisher College o Business toenrich and broaden their academic experience. Though internship and co-opsare not required or business students, 85% o students registered with CareerManagement have some kind o internship experience beore they graduate.Many students receive an oer o ull-time employment rom their internshipemployer.

In addition students are encouraged to explore other opportunities such asstudying abroad. In coordination with the Fisher College o Business, the Oceo International Aairs oers several undergraduate exchanges or studentswishing to study abroad in countries around the world.

Interested students may also become involved with the Real Estate Club, whichexposes students to various real estate career areas through presentations byreal state proessionals. Students have received employment opportunities as aresult o this networking with companies.

Honors & Scholars ProgramsFisher College o Business honors students will enrich their academicexperience by participating in the Mitte Honors Program, which includesthe Business Administration Honors Cohort Program, and the BusinessAdministration Honors Contract Program. Honors students who are selected orthese programs and who successully complete the program requirements willgraduate with honors.

The Honors Business Administration Cohort Program consists o a set osequenced business honors courses that students ollow in a lockstep mannerbeginning in the junior year. The Honors Contract Program consists o anenriched academic plan that is designed by the student and detailed in anhonors contract. Honors students with strong research interests have theopportunity to pursue the Degree with Distinction, a program o research duringthe senior year culminating in a thesis and an oral deense.

Career Prospects in Real Estate & Urban AnalysisThe real estate major has opportunities or employment with commercial

banks, savings associations, insurance companies, mortgage bankers, andprivate appraisal and consulting rms. Real estate developers, propertymanagement rms, and residential or commercial and industrial brokerageoces also oer employment. Students may nd employment in corporate realestate departments, ranchise organizations with multiple site requirements,and certain government agencies involved with lending. Many real estategraduates eventually organize their own businesses in one o these elds.

There is a continuing need or employees in private rms and governmentagencies concerned with developing, appraising, nancing, and merchandisingresidential, commercial, and industrial real estate. Career opportunities inreal estate are expanded by the urbanization o our population and continuedexpansion o opportunities is expected.

Salaries are largely determined by individual qualications but are usually

competitive with other proessional business areas. The average starting salaryor business majors in 20072008 was $39,160.

Revised September 2008. For the most up-to-date inormation on the realestate and urban analysis program, visit sher.osu.edu.

Curriculum SampleThis is a sample list o classes a student may take topursue a degree in Real Estate and Urban Analysis.Since university students need more than speciceducation in a narrow eld, they also will takeclasses to complete the General Education Curriculum(GEC). The GEC will allow students to develop theundamental skills essential to collegiate successacross major programs. Course work options satisyingthe GEC oten come rom a variety o academic areas

o study allowing students to tailor their GEC towardtheir interests. Note: This sample represents one oseveral possible paths to a degree in Real Estate andUrban Analysis. Consult the college web site, sher.osu.edu, or details on each specic track.

Freshman Year:College Algebra 4Calculus 9Principles o Economics 5Business Survey 1Computer Problem Solving 5English composition 5GEC (arts and humanities) 10

GEC (social science) 5Total hours 44

Sophomore Year:Principles o Accounting 10Principles o Economics 5Elements o Statistics 10Decision Theory 4GEC (arts and humanities) 5GEC (second writing course) 5GEC (natural science) 10Total hours 49

Junior Year:

Business Skills and Environment 4Introduction to International Business 4Legal Environment o Business 4Principles o Finance 4Principles o Marketing 4Organizational Behavior 5Operations Management 4Economics option 5GEC (arts and humanities) 5GEC (natural science) 10Total hours 49

Senior Year:Real Estate Investment Analysis 4

Real Estate Finance 4Real Estate Evaluation 4Real Estate options 8Seminar in Business Policy 4GEC (social science) 5Electives 15Total hours 44

Undergraduate Programs in Business AdministrationMax M. Fisher College o BusinessSchoenbaum Hall | 210 West Woodru AvenueColumbus, Ohio 43210-1144 | (614) 292-2715 | fsher.osu.edu

http://fisher.osu.edu/http://www.fisher.osu.edu/http://www.fisher.osu.edu/http://www.fisher.osu.edu/http://www.fisher.osu.edu/http://fisher.osu.edu/