Tuesday, February 1, 2011 myBiz Blog
Wisconsin BBA Major Spotlight: Real Estate & Urban Land Economics by Kelly Cuene

Real estate is the management and transfer of property rights, including land, all the natural resources within it, air above it and buildings on it. The Real Estate major prepares students in all aspects of real estate enterprise, including investment, development, management, construction, buying, selling and analysis. Real Estate graduates can choose to specialize in residential or commercial real estate.

Required courses for major: http://ww.bus.wisc.edu/undergrad/majors/realestate.asp

Possible Career Paths: 

Residential Agents/Brokers

  • Assist buyers and sellers in the process of transferring residential property from one owner to the next
Commercial Brokerage
  • Tenant Representative represents companies looking to lease or buy real estate asset whereas Leasing Agent represent landlord or seller when showing or leasing vacant space
Property Management
  • Daily management of real estate assets to maximize net revenue or productivity
Appraisal
  • Provide unbiased estimates of probable property sale prices
Development
  • Create property concept and bring it to reality which involves securing property, managing timelines, arranging financing, securing permits, legal research, managing labor, overseeing construction process and securing tenants
Corporate Real Estate
  • Evaluate real estate properties to support company’s core business involving site analysis, buy vs. lease decisions, acquisition and disposition, portfolio management and investment, facility management and property tax appeals
Investing & Financing
  • Includes advisory (helping investors identify real estate assets of interest), asset management, real estate investment banking, and mortgage lending
Real Estate Student Organizations Real Estate Club Wisconsin Real Estate Alumni Association

**Don’t forget the upcoming Real Estate Career Expo on Wednesday, February 9 from 6:00PM-8:00PM in the Grainger Hall Plenary Room! Sponsored by the Real Estate Club.**

Business Student Testimonials

“I chose to major in Real Estate because I took the introductory course and was intrigued by the material! I didn't know exactly what I would use it for or what kind of job I would end up with, but I followed the advice to study what interests you and let the rest fall into place. Thankfully, the Real Estate department takes an active role in students' hands-on Real Estate experience, always publicizing internship and full-time job opportunities, trips, and case competitions. Overall, the Real Estate major is one that allows us to learn about events and processes that are tangible and that we will very likely experience one day, whether or not we work in the Real Estate arena.”

Alex Kalashian  Real Estate & Urban Land Economics, May 2011

“I chose to be a Real Estate major at the Wisconsin School of Business because it has allowed me to study an industry I am very passionate about.  The real estate program is unique because it is made up of so many different groups, clubs and alumni networks available to students outside the classroom.  It is consistently ranked as one of the best in the country because of the individuals that comprise it--everyone from the faculty to current students to working alumni.  Some of my best friends at the university are in the real estate program and our relationships will continue in the business world upon graduation.  Those networks and relationships built at Wisconsin's real estate program are invaluable in the real estate industry.”

Brian Novak Real Estate & Urban Land Economics, May 2011

Want to learn more?

View the Real Estate Academic and Career Essentials PowerPoint 

Real Estate majors: Share with us!

  • Why did you choose your major?
  • What interests you most about Real Estate?
  • What questions do you have about Real Estate?
This post is part of a series of myBiz posts highlighting the different business majors to help pre-business and business students learn about their academic and career options. Later this week we will spotlight the Risk Management & Insurance major. Stay tuned!