This program is designed to prepare undergraduate students for careers as professionals in real estate and related industries. Real estate is the largest industry in the world representing nearly 50% of the world’s wealth. The real estate profession offers one of the most diverse career selections in the business world today. It is a multi-disciplinary profession that coordinates architecture, construction, law, finance, marketing, property management, and urban dynamics. Real estate professionals help find, provide, and manage space for people to work sleep, shop, eat, and play. Those who choose careers in real estate are typically goal-oriented, persevering, self-motivated, and possess an entrepreneurial spirit. Furthermore, they must be creative and able to research, analyze, negotiate, and pay attention to details. No two projects or investments are ever the same. Rewards of a real estate career include potential for high earnings, status in the community, independence, flexibility, and an opportunity to help people.

Learning Outcomes

Students will demonstrate:

  • The ability to evaluate physical real estate (land and building analysis)
  • The ability to perform financial real estate analysis (including time value of money)
  • The ability to assess and manage risk
  • The ability to conduct market analysis and identify opportunities
  • An understanding of property and portfolio management

Potential Occupations

Real estate graduates find professional employment in many fields. Students interested in commercial real estate may find employment in property and land development, property acquisition, property management, commercial mortgage lending, commercial real estate brokerage, asset management, government housing, commercial construction, or Real Estate Investment Trust (REIT) analysis, investment, or management. Students interested in real estate finance may find employment in commercial real estate investment banking, residential real estate lending for both development and loan underwriting, financial analysis, real estate securities analysis, insurance underwriting, commercial real estate brokerage, government housing finance and investment, or construction lending and research. Students interested in residential real estate may find employment in residential brokerage, residential marketing, residential appraisal, residential finance, residential home inspection services, home construction consulting, or residential development.

The College of Business requires a minimum grade point average of 2.000 in business and economics courses as a graduation requirement. A student who has less than this average at the end of any term is subject to referral by the department head or college dean to the Faculty Council Committee on Scholastic Standards of CSU for consideration of academic dismissal from the College of Business.

Effective Fall 2015

BUS 100Introduction to Business 1
BUS 150Business Computing Concepts and Applications 3
BUS 2011Foundations of Sustainable Enterprise 1
CIS 200Business Information Systems 3
CO 150College Composition (GT-CO2)1A3
ECON 202Principles of Microeconomics (GT-SS1)3C3
MATH 141Calculus in Management Sciences (GT-MA1)1B3
Arts and Humanities3B3
Biological and Physical Sciences3A4
Electives 5
 Total Credits 29
ACT 210Introduction to Financial Accounting 3
ACT 220Introduction to Managerial Accounting 3
BUS 2201Ethics in Contemporary Organizations (GT-AH3)3B3
BUS 260Social-Ethical-Regulatory Issues in Business 3
ECON 204Principles of Macroeconomics (GT-SS1)3C3
STAT 204Statistics for Business Students 3
Biological and Physical Sciences3A3
Historical Perspectives3D3
Electives 6
 Total Credits 30
All freshman and sophomore required courses must be completed prior to or concurrent with first enrollment in required junior and senior courses. By the beginning of the junior year, students must select one of the concentrations.  
FIN 3002Principles of Finance4A,4B3
FIN 310Financial Markets and Institutions 3
FIN 355Principles of Investments 3
MKT 3002Marketing4B3
REL 360Real Estate Principles 3
REL 367Real Estate Law 3
Electives 10
 Total Credits 28
AREC 452/REL 452Real Estate Appraisal Principles 2
AREC 453/REL 453Real Estate Appraisal Practices 2
BUS 300Business Writing and Communication (GT-CO3)23
BUS 479Strategic Management4A,4C3
MGT 301Supply Chain Management 3
MGT 320Contemporary Management Principles/Practices 3
REL 430Real Estate Analysis and Marketing 3
REL 455 or 460Residential Real Estate Finance
Real Estate Finance and Investment
REL 487Real Estate Internship 1-3
Global and Cultural Awareness3E3
Electives3 5-6
 Total Credits 33
 Program Total Credits: 120

 Students enrolled in the Business Administration major prior to Fall semester 2013, are not required to takeBUS 201 or BUS 220.


Students who have taken FIN 305 and/or MKT 305 prior to admission to the College of Business may substitute those courses to satisfy the category 4A and 4B requirements. All other students are required to take FIN 300 and MKT 300 to satisfy categories 4A and 4B.


Select enough elective credits to bring the program total to a minimum of 120 credits, of which at least 42 must be upper-division (300- to 400-level). A minimum of 6 elective credits must be upper-division.

Students are not to utilize the satisfactory/unsatisfactory (S/U) grading option for any Business concentration course or any Business core course (Business and non-Business subject codes) except when a course only allows S/U grading.

Distinctive Requirements for Degree Program:
To Declare this Major:  Business is a controlled major:  students are admitted into the major only if they meet established academic standards. Please see competitive major requirements or the advisor in Department for more information.  
To prepare for first semester:  The curriculum for the Business Administration - Real Estate concentration assumes students will be able to successfully complete calculus within their first year.


Semester 1CriticalRecommendedAUCCCredits
CO 150College Composition (GT-CO2) X1A3
BUS 100Introduction to Business X 1
BUS 150Business Computing Concepts and Applications X 3
Biological and Physical Sciences  3A4
Arts and Humanities  3B3
 Total Credits   14
Semester 2CriticalRecommendedAUCCCredits
BUS 201Foundations of Sustainable Enterprise   1
CIS 200Business Information Systems   3
ECON 202Principles of Microeconomics (GT-SS1)X 3C3
MATH 141Calculus in Management Sciences (GT-MA1)X 1B3
Electives   5
BUS 100, BUS 150, and CO 150 must be completed by the end of Semester 2.X   
 Total Credits   15
Semester 3CriticalRecommendedAUCCCredits
ACT 210Introduction to Financial AccountingX  3
BUS 220Ethics in Contemporary Organizations (GT-AH3)  3B3
ECON 204Principles of Macroeconomics (GT-SS1)  3C3
Biological and Physical Sciences  3A3
Elective   3
CIS 200 must be completed by the end of Semester 3.X   
 Total Credits   15
Semester 4CriticalRecommendedAUCCCredits
ACT 220Introduction to Managerial AccountingX  3
BUS 260Social-Ethical-Regulatory Issues in Business   3
STAT 204Statistics for Business Students   3
Historical Perspectives  3D3
Elective   3
ECON 204 must be completed by the end of Semester 4.X   
 Total Credits   15
Semester 5CriticalRecommendedAUCCCredits
FIN 300Principles of FinanceX 4A,4B3
FIN 310Financial Markets and InstitutionsX  3
MKT 300Marketing X4B3
Electives   4
BUS 260 and BUS 300 must be completed by the end of Semester 5.X   
 Total Credits   13
Semester 6CriticalRecommendedAUCCCredits
FIN 355Principles of Investments   3
REL 360Real Estate PrinciplesX  3
REL 367Real Estate LawX  3
Electives   6
 Total Credits   15
Semester 7CriticalRecommendedAUCCCredits
MGT 301Supply Chain ManagementX  3
MGT 320Contemporary Management Principles/PracticesX  3
REL 430Real Estate Analysis and MarketingX  3
Select of course form the following:X  2-3
Residential Real Estate Finance    
Real Estate Finance and Investment    
Electives   5-6
 Total Credits   17
Semester 8CriticalRecommendedAUCCCredits
AREC 452/REL 452Real Estate Appraisal PrinciplesX  2
AREC 453/REL 453Real Estate Appraisal PracticesX  2
BUS 300Business Writing and Communication (GT-CO3)X 23
BUS 479Strategic ManagementX 4A,4C3
REL 487Real Estate InternshipX  1-3
Global and Cultural AwarenessX 3E3
The benchmark courses for the 8th semester are the remaining courses in the entire program of study.X   
 Total Credits   14-16
 Program Total Credits:   120