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
- General Education Courses - 41 hours
- 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
- Program Requirements: 24 hours
- Real Estate Concentration = 18 of the 24 hours
- Real Estate Concentration = 18 of the 24 hours
- Electives + Lower & Upper Division Business Core Courses = as needed to bring the total hours earned to 120 minimum.
Course Descriptions & 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
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 (B.B.A.) 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 & Insurance to view a full listing of approved pre-licensing courses for the affiliate brokers.