Real Estate Development (CERT)
The Department of Urban and Public Affairs offers an 12 credit hour Graduate Certificate in Real Estate Development designed to equip graduates with the skills needed to make better real estate decisions with respect to investment considerations and site analysis and planning. The program will be particularly attractive to Urban Planning students desiring to work in the private sector; however, the program will also be appealing to students enrolled in other graduate programs at the university or who wish to complete the certificate on a stand-alone basis.
The program may be completed in conjunction with the Master of Urban Planning (MUP) program without the need to take any additional coursework beyond what is required for the MUP program. For MUP students, the certificate courses satisfy the requirements for the specialization in Community Development.
Applicants must have a bachelor's degree (any major is acceptable), and provide a completed graduate admissions application, transcripts of all undergraduate/graduate course work and a personal statement. Please provide names of two references in the personal statement.
Admission is competitive and generally requires a minimum undergraduate GPA of 3.00. All applicants for whom English is a second language must also submit official TOEFL scores of 79 or higher on the internet-based test, 213 or higher on the computer-based test. English proficiency can also be met by submitting official IELTS scores of at least 6.5 overall band score from the academic module exam or official Duolingo overall score of 105. Students holding a bachelor's or advanced degree from an accredited institution in the United States may be exempt from this requirement.
The program requires 12 credit hours, and may be completed in one semester as a full-time student. It may be completed in-person in up to four years as a part-time student. Courses may be waived by the Program Coordinator based on previous study; however, substitute course work will be required.
The following courses are required:
|PLAN 614||Real Estate Market Analysis||3|
|PLAN 631||Real Estate Principles||3|
|Electives (Choose 2 from the list below):||6|
|Land Use & Planning Law|
|Land Use Planning|
|Financial Management of Nonprofits|
|Minimum Total Hours||12|
Although the program does not require an internship, students who are also in the MUP program may wish to complete the required planning internship by working in a real estate development firm.
The Graduate Certificate in Real Estate Development program prepares students to meet the requirements for certification and/or licensure. If you plan to pursue professional licensure or certification you should first determine your state’s criteria for examination and licensure to see how/if our program meets those requirements prior to enrollment. We recommend that you also contact your state’s licensing board directly to verify that the requirements have not changed recently and to answer any questions especially those regarding additional requirements beyond the degree.
More information about certification or licensure is available at the following website: https://louisville.edu/oapa/licensure-information (you may search by school or by the name of the program then click on 'View Details' to display the information).
For programs with an online option, more information about certification or licensure is available here: http://louisville.edu/online/About-Us (please scroll down near the bottom of the page and click on the licensing disclosures tab).