Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Real Estate & Urban Analysis Fisher College of Business Undergraduate Specialization

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Overview What is Real Estate & Urban Analysis? Preparation for Real Estate & Urban Analysis Real Estate & Urban Analysis at Fisher Sample Job Titles and Descriptions Training & Licensure Real Estate & Urban Analysis Salaries & Outlook Student and Professional Organizations Study Abroad Real Estate & Urban Analysis (Finance) Department Contact Information

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career What is Real Estate & Urban Analysis? Managing, buying, selling and renting property ~ residential and commercial Application of economic trends, business trends, zoning laws, financial services and knowledge of urban society to the needs of people and businesses who need to buy or sell property

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career A good high school background recommended in: Mathematics Oral/written communication Computer experience The academic program of real estate is arranged in accordance with career interests within the general business background provided by College requirements Careers in sales, property management, or with a government agency require skills in the area of human relations In the areas of appraisal and development, the ability to identify and analyze problems is an important attribute General Preparation for RE&UA

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Other RE&UA Preparation Real Estate students, in addition to receiving broad training in general business management and business finance, are encouraged to acquire an interdisciplinary background by taking courses in urban sociology, economic geography, and related areas Students specializing in real estate should be sensitive to the complexities of our urban society and be enabled to work productively within it

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Real Estate at Fisher Undergraduate Ranking 6th Nationally - U.S. News and World Report (2004)

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Real Estate & Urban Analysis Curriculum Specific information about the Real Estate and Urban Analysis Specialization can be found on the Fisher website under: Current Undergraduates Academics and Advising Courses and Specializations There you will find a complete list of GEC, core, and specialization requirements as a downloadable pdf

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Competitive Admissions Information concerning application to the Real Estate and Urban Analysis specialization is also available on the web under: Admission to Specialization Admission to specializations largely depends on space availability

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Honors Options Honors Program Business Administration Honors Cohort Program Individualized Business Administration Honors Contract Program More information go to fisher.osu.edu/honors/ fisher.osu.edu/honors/

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Types of RE&UA Jobs Brokers (Realtors) In business for themselves; manage a firm; buy, sell, rent, manage or appraise residential, commercial, industrial, and/or farm and land properties Salespersons Employed by brokers; sell and rent real estate for and to clients Appraisers Gather and evaluate all facts affecting the value of a property and giving an opinion of that value

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Types of RE&UA Jobs Property Managers Supervise every aspect of a property’s operation: leasing, rent collection, tenant relations, building maintenance and repair, record keeping and advertising Land Developers Turn raw land into marketable subdivisions, shopping centers, industrial parks or other enterprises

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career RE&UA Career Information Real estate has career opportunities extending beyond the business of real estate brokerage Opportunities for employment include commercial banks, savings and loan companies, insurance companies, mortgage bankers, and private appraisal and consulting firms Real estate building and subdividing organizations, property management firms, and brokerage offices also offer employment Many graduates eventually organize their own business in one of these fields

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Organizations That Hire in Real Estate Real estate firms Insurance companies Banks/other financial agencies Government agencies (Department of Housing and Urban Development) Tax assessors Mortgage companies MANY ARE SELF-EMPLOYED

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Most real estate professionals have some college; many hold BA degrees but this is not a requirement Background in finance, economics and psychology is good preparation; courses in urban sociology, city planning and economic geography a plus A state license is required; requirements for licensure vary from state to state but all require written exams Real Estate and Professional Licensing: Training/Licensure

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career RE&UA Salary Information Pay scales are largely determined by individual qualifications and specific positions available, but are usually competitive with other professional business areas Experience indicates that those who remain in the same phase of the real estate business for more than five years can receive incomes considerably above average Salaries in government positions are determined by Civil Service ratings

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Other Real Estate Salary Information Most real estate positions are commission- based; new agents usually split the commission 50% with the broker; more experienced agents receive a higher commission Status in this field is governed by amount of sales

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career The Outlook for Specialization Real estate industry is inextricably linked to the economy, which runs in cycles US Bureau of Labor Statistics predicts slower-than-average growth in real estate sales and appraiser positions through 2005; while property management is expected to grow as fast as average Must be competitive; knowledgeable of new technologies The need is already great for persons in private firms and government agencies concerned with developing, appraising, financing, and merchandising residential housing, commercial properties, and industrial developments Career opportunities in real estate are expanded by the continued urbanization of our population and continued expansion of opportunities is expected

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Student Organizations Undergraduate Finance Association American Marketing Association Pi Sigma Epsilon (Sales and Marketing) Rho Epsilon Fraternity of real estate students & professionals

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Professional RE&UA Organizations Ohio Association of Realtors: National Association of Realtors: Real Estate and Professional Licensing:

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Study Abroad & Exchange Contacts CIBER (Center for International Business and Research) ml ml Office of International Education (OSU) OIE has many other opportunities for business and non-business opportunities to supplement the Fisher curriculum

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Study Abroad & Exchange Programs (CIBER) Copenhagen Business School, Denmark Technische Universitat Dresden, Germany Nantes Summer School, France Trinity College, Dublin, Ireland Quinn School of Business, Dublin, Ireland London School of Economics, England Instituto Technologico y de Estudios Superiores de Monterrey, Mexico Hong Kong University of Science and Technology Singapore Management University Curtin School of Business, Perth, Australia

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career Max M. Fisher College of Business Academic Department: Finance Ohio State University 700 Fisher Hall 2100 Neil Ave Columbus, OH (614)

Fisher College of Business The Ohio State University Office of Career Services 150 Gerlach Hall 2108 Neil Avenue fisher.osu.edu/career fisher.osu.edu Fisher logo