The undergraduate division of the Department of Real Estate provides a curriculum which enables all students in the Driehaus College of Business to work and excel in the real estate community at the local and national levels, and to adapt to future changes in the industry. It provides a strong foundation for students with career goals in real estate as the demand for qualified professionals in all areas of the industry continues to escalate with changing economic factors that drive the real estate market. Competence in real estate today, and the future, requires an understanding of a wide variety of professional disciplines and their interactions. As a result, the program reaches across academic boundaries of departments and colleges to provide a truly interdisciplinary degree housed within the college. The DePaul real estate major requires finance and real estate law courses, and provides choices in economics, architecture history, public service management, geography, sociology, history and anthropology.
Students who complete the program will:
- Develop a comprehensive body of knowledge that will strengthen financial and analytical skills, including risk analysis, portfolio construction and management, cash flow analysis, and investment strategy
- Understand the organizational structure of financial institutions and the impact of capital markets on real estate
- Understand the basic laws and regulations governing land use and real estate decisions
- Be able to clearly articulate a site development strategy to all parties and agencies
- Understand the historical development of real estate and its impact on present and future development patterns
- Understand how architectural and urban history provide insights into real estate analysis and valuation
Employment opportunities exist everywhere across the spectrum: ownership, brokerage, appraisal, design, insurance, inspection, leasing, management, and construction are a few. Property sectors include office, industrial, multi-family, retail, and hospitality and entertainment. Expanding the definition of real estate to consider the financial services side of real estate yields an additional list of career opportunities (mortgage lenders, mortgage brokers, underwriters, services, researchers, and others). The Real Estate Center assists students in finding employment in many of these diverse areas and industries in the associated supporting professions.
| Program Requirements | Quarter Hours |
|---|---|
| Business Core Requirements | 60 |
| Liberal Studies Requirements | 72 |
| Major Requirements | 34 |
| Open Electives | 26 |
| Total hours required | 192 |
Learning Outcomes
Core Outcomes
Students will be able to:
- Use analytical and reflective skills in decision-making.
- Communicate effectively both orally and in writing.
- Recognize legal and ethical issues confronting them.
- Contribute to the performance of a group within a business setting.
- Know the differences among global economies, institutions, business practices and cultures.
- Acquire knowledge of the functional areas of business and the interrelationships among the functional areas within a business.
Program Specific Outcomes
Students will be able to:
- Evaluate direct real estate investment-debt and equity.
- Evaluate real estate securities-debt and equity
- Understand impact of financial criteria on decision-making.
- Explain the basic laws and regulations governing land use and real estate decisions.
College Core Requirements
Business Core Requirements
All undergraduate students in the Driehaus College of Business complete foundational courses in the areas of accountancy, economics, finance, management, and marketing. The core curriculum also includes courses that emphasize the increasingly quantitative and technological nature of business, the importance of the entrepreneurial mindset, and how students can use their business education to address important social challenges.
Course Requirements
For a student to complete the Bachelor of Science in Business, the following Business Core courses totaling at least 60.0 hours are required:
| Course | Title | Quarter Hours |
|---|---|---|
| Business Core Courses | ||
| ACC 101 | INTRODUCTION TO ACCOUNTING I 1 | 4 |
| ACC 102 | INTRODUCTION TO ACCOUNTING II 1 | 4 |
| BUS 101 | INTRODUCTION TO DRIEHAUS: BUSINESS FUNDAMENTALS AND THE ENTREPRENEURIAL MINDSET | 4 |
| BUS 102 | BUSINESS ANALYTICS | 4 |
| BUS 103 | BUSINESS FOR SOCIAL GOOD | 4 |
| ECO 105 | PRINCIPLES OF MICROECONOMICS | 4 |
| ECO 106 | PRINCIPLES OF MACROECONOMICS | 4 |
| FIN 310 | INTRODUCTION TO FINANCE | 4 |
| MAT 137 | BUSINESS STATISTICS | 4 |
| MGT 300 | PRINCIPLES OF MANAGEMENT | 4 |
| MGT 301 | PRINCIPLES OF OPERATIONS MANAGEMENT | 4 |
| MKT 301 | PRINCIPLES OF MARKETING | 4 |
| Business Technology 2 | ||
| Select one of the following: | 4 | |
| BUSINESS TECHNOLOGY | ||
| INTRODUCTION TO COMPUTER SCIENCE I | ||
| SYSTEMS ANALYSIS AND DESIGN | ||
| Business Communication 3 | ||
| Select one of the following: | 4 | |
| EFFECTIVE BUSINESS COMMUNICATION | ||
| BUSINESS AND PROFESSIONAL COMMUNICATION | ||
| Global Business Perspective 4 | ||
| Select one of the following: | 4 | |
| EUROPEAN ECONOMIC HISTORY | ||
| RADICAL RESPONSES TO CAPITALISM | ||
| TOPICS IN GLOBAL ECONOMIES | ||
| UNDERSTANDING CHINA'S ECONOMY | ||
| ECONOMICS OF LOW-INCOME COUNTRIES | ||
| INTERNATIONAL TRADE | ||
| INTERNATIONAL MONETARY ECONOMICS | ||
| ECONOMICS OF THE EUROPEAN UNION | ||
| INTERNATIONAL FINANCE | ||
| GLOBAL IPOs & VENTURE CAPITAL | ||
| INTERNATIONAL BUSINESS SEMINAR | ||
| GLOBAL HUMAN RESOURCE MANAGEMENT | ||
| INTERNATIONAL BUSINESS | ||
| MARKETING ACROSS CULTURES: A CULTURAL PERSPECTIVE ON MULTICULTURAL MARKETS | ||
| MARKETING IN A GLOBAL ENVIRONMENT | ||
| INTERNATIONAL MARKETING | ||
| WORK IN A GLOBALIZED WORLD | ||
A course taken as part of a term-long study abroad program | ||
- 1
Strobel students take specially designated sections of all required ACC classes, including ACC 101 and ACC 102 (excluding ACC 250, ACC 300, ACC 301).
- 2
Actuarial Science and Economic Data Analytics majors must take CSC 241.
MIS majors must take MIS 360.
- 3
MKT majors and Sales minors must take MKT 276.
- 4
A course taken for Global Business Perspective that is in a student's major or minor field must be completed with a minimum grade of C- .
Business Core Timeline
- BUS 101, BUS 102 and BUS 103 are intended to be completed by students during their first year of enrollment in the college.
- Business core requirements may be prerequisites to other courses.
- Planning is essential to a student’s graduation timeline.
- Academic advisors work with students to co-create customized degree completion plans and assist with balancing course load.
Business Ethics
All undergraduate students in the Driehaus College of Business complete a course in Business Ethics. It is recommended students take MGT 248 or PHL 248 in Philosophical Inquiry or MGT 228 or REL 228 in Religious Dimensions in the Liberal Studies Program (or University Honors Program) Requirements.
Second Majors and Minors
The addition of a second major or minor may affect the Business Core classes required for a student. Meet with an academic advisor to confirm requirements.
Math Requirements for all business majors (except Actuarial Science majors)
Grade Minimum Requirements for Real Estate Major
A minimum grade of C- is required for the following: ACC 101, ACC 102, BUS 101, BUS 102, BUS 103, BUS 202, ECO 105, ECO 106, and MAT 137.
Liberal Studies Requirements
Honors program requirements can be found in the individual Colleges & Schools section of the University Catalog. Select the appropriate college or school, followed by Undergraduate Academics and scroll down.
| First Year Program | Hours | |
|---|---|---|
| Chicago Quarter | ||
| LSP 110 or LSP 111 | DISCOVER CHICAGO or EXPLORE CHICAGO | 4 |
| Focal Point | ||
| LSP 112 | FOCAL POINT SEMINAR | 4 |
| Writing | ||
| WRD 103 | COMPOSITION AND RHETORIC I 1 | 4 |
| WRD 104 | COMPOSITION AND RHETORIC II 1 | 4 |
| Quantitative Reasoning | ||
| Not Required | ||
| Sophomore Year | ||
| Race, Power, and Resistance | ||
| LSP 200 | SEMINAR ON RACE, POWER, AND RESISTANCE | 4 |
| Junior Year | ||
| Experiential Learning | ||
| Required | 4 | |
| Senior Year | ||
| BUS 392 | SENIOR SEMINAR 1 | 4 |
- 1
Students must earn C- or better in this course.
Learning Domains
Arts and Literature (AL)
- 3 AL Courses Required
Historical Inquiry (HI)
- 2 HI Courses Required
Math and Computing (MC)
- Not Required
Philosophical Inquiry (PI)
- 2 PI Courses Required1
Religious Dimensions (RD)
- 2 RD courses required1
Scientific Inquiry (SI)
- 1 Lab Course Required
Social, Cultural, and Behavioral Inquiry (SCBI)
- 1 SCBI Course Required
Notes
Specified required courses within Liberal Studies may have grade minimums (e.g. C- or better). Please consult your advisor or your college and major requirements.
Courses offered in the student's primary major cannot be taken to fulfill LSP Domain requirements. If students double major, LSP Domain courses may double count for both LSP credit and the second major. Students who choose to take an experiential learning course offered by the major may count it either as a general elective or the Experiential Learning requirement.
In meeting learning domain requirements, no more than one course that is outside the student’s major and is cross-listed with a course within the student’s major, can be applied to count for LSP domain credit. This policy does not apply to those who are pursuing a double major or earning BFA or BM degrees.
Major Requirements
Course Requirements
A student majoring in Real Estate is required to complete the following courses totaling at least 34.0 hours:
Nine required courses:
| Course | Title | Quarter Hours |
|---|---|---|
| FIN 315 | DATA ANALYTICS IN FINANCE | 4 |
| RE 250 | CAREER MANAGEMENT FOR REAL ESTATE PROFESSIONALS | 2 |
| RE 300 | REAL ESTATE LAW | 4 |
| RE 320 | URBAN PLANNING AND PUBLIC POLICY | 4 |
| RE 325 | PROJECT MANAGEMENT: DESIGN & CONSTRUCTION | 4 |
| RE 350 | REAL ESTATE ANALYSIS | 4 |
| RE 352 | REAL ESTATE FINANCE | 4 |
| RE 353 | REAL ESTATE INVESTMENT | 4 |
| RE 354 | REAL ESTATE VALUATION | 4 |
The department enforces all course prerequisites, without exception.
Students are encouraged to seek an internship with a Chicago-area business during the summer preceding either their junior or senior year, but the Real Estate major does not offer or accept a for-credit internship course.
Career Management Course
Students are required to complete the Career Course (250) associated with the major. Students who double major may choose the Career Course (250) associated with either major provided that hours for graduation are satisfied. Students should take the Career Course as soon as possible.
Open Electives
Open elective credit (26.0 hours) is needed to meet the minimum graduation requirement of 192 hours.
Combined Bachelor’s + Master’s Program Participants
Students admitted to the Real Estate Combined Bachelor’s + Master’s program may apply up to three approved graduate course(s) towards undergraduate Real Estate major.
- RE 520 URBAN PLANNING AND PUBLIC POLICY replaces RE 320 URBAN PLANNING AND PUBLIC POLICY
- RE 521 LEGAL ISSUES IN REAL ESTATE replaces RE 300 REAL ESTATE LAW
- RE 525 PROJECT MANAGEMENT: DESIGN AND CONSTRUCTION replaces RE 325 PROJECT MANAGEMENT: DESIGN & CONSTRUCTION
Graduation Requirements
All Real Estate (RE) courses and any courses used toward the Real Estate major must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher.
Recommended Courses
Students majoring in real estate are encouraged to complete courses from the list below to further explore topics relevant to real estate. These courses are approved for use in the Liberal Studies Program Learning Domains as indicated. Courses from this list are not approved for use as Real Estate Electives in the major or minor.
Arts and Literature
| Course | Title | Quarter Hours |
|---|---|---|
| PREMODERN ARCHITECTURE: ANCIENT SOCIETIES TO THE ENLIGHTENMENT | ||
| MODERN ARCHITECTURE |
Historical Inquiry
| Course | Title | Quarter Hours |
|---|---|---|
| DEVELOPMENT OF ECONOMIC THOUGHT | ||
| COMPARATIVE URBANISM | ||
| HISTORY OF THE CITY OF ROME | ||
| HISTORY OF CHICAGO |
Philosophical Inquiry
| Course | Title | Quarter Hours |
|---|---|---|
| BUSINESS ETHICS (also counts for Business Ethics requirement) | ||
| ENVIRONMENTAL PHILOSOPHY | ||
| PHILOSOPHY AND THE CITY | ||
| ETHICS AND PUBLIC POLICY |
Religious Dimensions
| Course | Title | Quarter Hours |
|---|---|---|
| BUSINESS, ETHICS, AND SOCIETY | ||
| RELIGIOUS ETHICS AND PROFESSIONAL LIFE |
Scientific Inquiry
| Course | Title | Quarter Hours |
|---|---|---|
| SCIENCE OF ARCHAEOLOGY | ||
| INTRO TO ENVIRONMENTAL SCIENCE WITH LAB |
Social, Cultural, and Behavioral Inquiry
| Course | Title | Quarter Hours |
|---|---|---|
| URBANIZATION | ||
| PUBLIC POLICY AND POLITICS | ||
| URBAN POLITICS |