Real Estate
With international demand for people in the real estate industry, this valuable option provides a broad education in economic, financial, legal, public policy, and strategic aspects of real estate markets.
Am I the right fit for this option?
Different specializations in real estate, such as financing, site acquisition, construction management, and sales require different skills. Strong analytical skills, organization, and good communication skills are all helpful attributes for success in the real estate sector.
Year 3 topics include: appraisal, asset and portfolio management, capital markets and real estate, debt financing, investment analysis, securitization, and real estate in the new economy.
Year 4 topics include: business location, land real estate markets, land use regulation, real estate and government policy and real estate development.
Real Estate option course requirements
| Year 3 | |
| COMM 306 | Urban Land Economics |
| COMM 307 | Real Estate Investment |
| Year 4 | |
| COMM 405 | Real Estate Finance |
| COMM 407 | Real Estate Economics |
| COMM 408 | Real Estate Development |
Suggested electives
| COMM 4341 | Land Law |
| PLAN 4252 | Urban Planning Issues and Concepts |
| ECON 3452 | Money and Banking |
1 Although COMM 434 is not a required course, you may be eligible to request a waiver from Real Estate Council of British Columbia licensing courses and/or examinations if you have completed this course in addition to required courses for the Real Estate option. For more information, please visit Frequently Asked Questions at BCFSA.
2 This course counts toward non-Commerce electives.
Understanding your electives
| 42 elective credits | 27 of 42 credits must be non-Commerce. A minimum of 12 credits of these electives must be at the 300- or 400-level. 15 of 42 credits can be COMM or non-COMM electives. A minimum of 3 credits of these electives must be at the 300-400 level. NB: a total of 15 credits from all your elective credits, whether Commerce or non-Commerce, must be at the 300-level or higher. |
Recommended electives
- The behavioural aspects of marketing decisions include elective courses from such disciplines as sociology, psychology, and cultural anthropology.
- The economic aspects of marketing decisions include elective courses from such disciplines as economics, geography, and political science.
- The quantitative aspects of marketing decisions include elective courses from such disciplines as mathematics, computer science, management science, and senior level statistics.
Real Estate Internship & Mentorship Program
Consider applying for a paid internship over the summer prior to commencing Year 4. You could work in real estate brokerage, development, finance, investment, or consulting firms or government agencies responsible for real estate. To be eligible for the program, you must have completed COMM 307 and be returning to UBC for at least one term after the internship. For more information, contact Professor Tsur Somerville.
Careers in Real Estate
With international demand for people in the real estate industry, this valuable option provides a broad education in economic, financial, legal, public policy, and strategic aspects of real estate markets. From real estate agents to mortgage analysts, a degree in Real Estate prepares you with the skills to embark on a lucrative career.