2024-2025 Academic Catalog
Welcome to Virginia Tech! We are excited that you are here planning your time as a Hokie.
Welcome to Virginia Tech! We are excited that you are here planning your time as a Hokie.
First year experience for the Program in Real Estate. Academic planning, career exploration, and resources for academic success. Leadership, team building, communication and problem solving in the real estate industry. Role of ethics in the profession. Introduction to peer and professional mentors.
Provides an overview of multiple facets of the industry and highlights potential real estate careers. Examines academic training and specific skills needed to integrate knowledge from different real estate disciplines Provides an understanding of ethical leadership and pathways to achieve professional success through utilizing professional skills. Pre: First year or sophomore standing.
Introduction to real estate, including markets, land use planning and zoning, development, finance, construction, sales, marketing, management and property valuation. Examines the key actors and processes in each of these areas. Explores major public policies impacting real estate
Preparation for the Virginia Salesperson License Exam. Residential real estate sales, mortgages and deeds of trust, types of mortgages, liens, real property management, land use controls, deed restrictions, real estate laws, mandated disclosure, property tax and Real Estate Board Regulations. Pass/Fail only.
Overview of statistical analysis for use in the real estate market. Introduction of statistical tools and skills needed to draw conclusions from the data. Understanding data, coding and preparing the data, probability and inference, and special topics in inference including insights to inform ethical management and investment decisions.
Professionalism in the real estate industry including professional demeanor, interpersonal and intrapersonal skills, lifelong learning and ethics. Exposure to topics related to personal and professional development such as mentoring, networking, leadership, influencing, negotiating, personal improvement, and utilizing technology in a professional manner.
Examines real estate development from design and construction through asset management. Develops analysis tools based on comprehensive plans and regulations, conceptional design, market analysis, design aspects of products, security financing and sustainability. Categorizes construction contracts, zoning, leasing and property management. Determine sustainability and observe various stakeholders.
Market potential of residential, retail, office and industrial, hotels and resorts, and mixed use real estate development projects. Market analysis, identifying a market area, conducting demand and supply analyses, reconciling demand and supply.
Methods and tools for analyzing commercial real estate from the perspective of a developer. Land valuation, equity and debt financing, measuring project returns, public private partnerships, and real estate capital markets.
Analytical approaches to contemporary topics and issues in real estate decision making. Content varies. Pass/Fail only.
Advanced concepts and practices in real estate investing with topics including but not limited to advanced real estate financial modeling, investment risk and return analyses, securitization, sources of funding, portfolio management, and risk management strategies.
Analyze supply and demand to predict and model future real estate cash flows. Evaluate real estate investments using financial ratios and conduct financial risk sensitivity analysis to inform a real estate development decision. Generate formal real estate developmental reports. Participate in external real estate case competitions to further comprehension of a real estate analysis and report drafting. Restricted to REAL majors.
Application of economic principles to the valuation and appraisal of property including statistical analysis. Cost approach, sales comparison approach and income capitalization approach to conducting appraisal. Appraisal report for evaluating rural property, commercial, residential and transitional. Ethical and professional requirements. Pre: Senior standing.
Course provides mock, real-world learning in a student-led environment. Students design, analyze site and financial feasibility, formulate construction plans, and execute leasing and sale of a residential real estate project. Students select a project in consultation with faculty and industry advisors. Work focuses on all elements of the life cycle a residential real estate project from preliminary design through sale of the developed project. For majors only, senior standing.
Couse provides mock, real-world learning in a student-led, team environment. Teams utilize knowledge from prerequisite courses. Teams undertake year-long projects where they design, analyze site and financial feasibility, formulate construction plans, and execute leasing and sale of complex commercial real estate developments. Teams select projects in consultation with faculty and industry advisors. Work focuses on life cycle of real estate projects from design through sale of development. 4075: topics covered include team building, site/project selection, due diligence, initial site design and market analysis. 4076: topics covered include final site design, financing, construction, leasing and property management, and sale. For majors only, senior standing. Design/Lab Studio.
Couse provides mock, real-world learning in a student-led, team environment. Teams utilize knowledge from prerequisite courses. Teams undertake year-long projects where they design, analyze site and financial feasibility, formulate construction plans, and execute leasing and sale of complex commercial real estate developments. Teams select projects in consultation with faculty and industry advisors. Work focuses on life cycle of real estate projects from design through sale of development. 4075: topics covered include team building, site/project selection, due diligence, initial site design and market analysis. 4076: topics covered include final site design, financing, construction, leasing and property management, and sale. For majors only, senior standing. Design/Lab Studio.
Sources of commercial real estate law, U.S. legal framework and regulatory laws relating to zoning and entitlements, elements of a contract and contract law. Legal interests in real property ownership, conveyance and easement documentation. Legal implications of real estate financing. Residential landlord/tenant law.
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