program overview
Real estate is a specialized area of finance designed for students who desire careers that specialize in residential, commercial or industrial real estate and related industries. Since the real estate field is very broad, this concentration is designed to give students flexibility in selecting courses that fit their areas of interest.
degree outline
To qualify for the Bachelor in Business Administration (BBA) degree with major in Finance, Real Estate Concentration, offered by the Fogelman College of Business and Economics, the student must:
- Complete a minimum of 120 semester hours that include:
- General Education Requirements
- Lower-Division Business Core Requirements
- Upper-Division Business Core Requirements
- Major Requirements
- Electives
- Obtain a minimum overall grade point average (GPA) of 2.00
- Meet all College and Degree (BBA) requirements described below.
- Communication = 9 hours
- Humanities / Fine Arts = 9 hours (At least one course must be in literature.)
- Social / Behavioral Sciences = 6 hours
- History = 6 hours
- Natural Sciences = 8 hours
- Mathematics = 3 hours
REQUIRED:
- ACCT 2010 - Financial Accounting (3)
- ACCT 2020 - Managerial Accounting (3)
- Not required for Accounting Majors
- ECON 2010 - Intro to Macroeconomics (3)
- ECON 2020 - Intro to Microeconomics (3)
- MIS 2749 - Foundation/Information Systems (3)
- SCMS 2610 - Introduction to Supply Chain Management (3)
Take One (1) Statistics course from:
- MATH 1530 - Prob/Statistics/Non-Calculus (3)
- SCMS 2710 - Business Analytics -Statistics (3)
Take One (1) Mathematics course from:
- MATH 1421 - Honors Calculus I (4)
- MATH 1710 - College Algebra (3)
- MATH 1830 - Elementary Calculus (3)
- MATH 1910 - Calculus I (4)
REQUIRED:
- BA 4000 - Graduating BBA Senior Survey (0)*
- ACCT 3130 - Legal/Social/Political Environ (3)
- FIR 3410 - Financial Management (3)
- MGMT 3110 - Principles of Management (3)
- MGMT 4710 - Strategic Management (3)*
- MIS 3210 - Critical Thinking Using Analytics (3)
- MKTG 3010 - Principles of Marketing (3)
- SCMS 3711 - Business Analytics - Tools (3)
Take the appropriate Communication and Career Readiness Course from:
- MGMT 3032 - Communication and Career Readiness for Business Professionals (3)
- MGMT 3033 - Communication and Career Readiness for Accounting Professionals (3)
- Strongly recommended for Accounting Majors only.
Take One (1) International Business Course from:
- ECON 4350 - International Economics (3)
- ECON 4351 - International Monetary Theory/Policy (3)
- FIR 4550 - International Finance (3)
- MGMT 4510 - International Business Communication (3)
- MGMT 4810 - International Management (3)
- MIS 4310 - Global Information Technology (3)
- MKTG 4530 - International Marketing (3)
- MKTG 4550 - Business Solutions for Sustainability (3)
*Capstone Requirements for Graduating Seniors
MAJOR CORE (6 HOURS)
- FIR 3710 - Investments (3)
- FIR 3720 - Financial Markets (3)
REAL ESTATE CONCENTRATION COURSES (18 HOURS)
Required Courses (9 hours)
- FIR 3310 - Real Estate Principles (3)
- FIR 4320 - Real Estate Finance (3)
- FIR 4350 - Real Estate Investment (3)
Real Estate Concentration Electives (9 hours):
Choose 3 courses from the following:
- FIR 1220 - Personal Financial Management (3)
- FIR 4310 - Real Estate Law (3)
- FIR 4330 - Principles of Property Management 3
- FIR 4340 - Real Estate Appraisal (3)
- FIR 4440 - Intermediate Managerial Finance (3)
- FIR 4710 - Commercial Banking (3)
- FIR 4720 - Management of Financial Institutions (3)
- FIR 4911 - Internship in Finance, Insurance, and Real Estate (1-6)
- ESCI 4515 - Geographic Info Science (3)
- Any additional lower or upper division courses to bring the total hours earned to 120 minimum.
FIR 4720 - Management of Financial Institutions ** (3) FIR 4721 - Fixed Income and Derivatives** (3) FIR 4770 - Security Analysis/Portfolio Management (3) FIR 4870 - Risk Management ** (3) FIR 4911 - Internship in Finance, Insurance, and Real Estate (1-6) ACCT 4521 - Individual Tax Compliance/Plan ** (3) or ACCT 4531 - Personal Tax Advisory 3
course descriptions and requirements
The requirements and course descriptions are all listed on the UofM's Online Catalog.
It is very important that you review our instructional page on how to utilize the online catalog before visiting the catalog's website.
next step
Apply Now Request More Information Contact the FIR Department
job opportunities
Opportunities exist both in private industry and in government. As a career can be involved in:
- Buying, selling or leasing property for residential, commercial or industrial uses.
- Managing, financing or evaluating residential, commercial and industrial properties.
- Developing subdivisions, shopping centers and other properties.
- Valuation of residential or commercial real estate for government, industry or private use.
- Working in real estate related industries such as title companies, mortgage banking, land use planning and architecture.
If you are interested in real estate sales or pursuing your Tennessee Affiliate Broker license, the Finance, Real Estate Concentration (BBA) degree can help meet some of the requirements.
In Tennessee (other States have different requirements) there are two main real estate license designations: (1) Affiliate Broker and the (2) Broker license. You are required to have the Affiliate Broker license for three (3) years before you are eligible for the Broker license.
Main Education Requirements for the Affiliate Broker
“TREC (Tennessee Real Estate Commission) requires ninety (90) hours of pre-license education before obtaining an affiliate broker license. The sixty (60) hour Basic Principles of Real Estate (see page 10) course must be successfully completed prior to taking the exam and the thirty (30) hour Course for New Affiliates (see page 10) course must be completed prior to licensure. After completion of the exam, an applicant must affiliate with a firm within six (6) months or retire the license.” Taken from “Tennessee Real Estate Commission Instructor Training Manual”
- https://www.tn.gov/content/dam/tn/commerce/documents/regboards/trec/posts/TREC_Instructor_Training_Manual.pdf
- Information on the requirements for the broker license are also located in this instructor Training Manual.
60 Hour Requirement
The "60 hour requirement" can be met with the Finance, Real Estate Concentration (B.B.A.) [see item (a) below]
"Pursuant to Rule 1260-5-.03(6), a candidate for an affiliate broker license shall be deemed to have completed the 60 hour course if:
- the candidate holds a college or university degree with a major or concentration in
real estate and the candidate's transcript shows successful completion of at least
one 3 hour (30 hours or more of classroom instruction) course in the principles/fundamentals
of real estate an at a minimum two more courses totaling at least 60 hours of classroom
instruction in real estate as evidenced by the title or description of the course;
or
- the candidate holds a law degree . . ." (Taken from Tennessee Real Estate Commission Instructor Training Manual page 8 and
9).
30 Hour Requirement
Regarding the “30-hour Course for New Affiliates”, the University of Memphis does not offer a course that meets these requirements. Visit the TN Department of Commerce and Insurance to view a full listing of approved pre-licensing courses for the affiliate brokers.