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Real Estate Development (Z029)   

Program Title and Classification

Real Estate Development

Graduate Certificate Program

College: Architecture

Abstract

The Graduate Certificate in Real Estate Development is a 12 - 21 credit program, depending on the work experience and academic preparation of the applicant. The Certificate is primarily designed for obtaining the introductory basics of real estate development for those who may not yet have determined to make their career in the field. However, the courses required may be adapted to prior experience or level of expertise for those who are looking for advanced work. The Certificate is comprised of the two fundamental courses for the Master’s degree plus two cognate courses, as well as any courses (3 - 9 credits) that would be additional preparation courses as specified in an admission letter. The basic and preparatory courses are all offered to Masters students as well, and Certificate students are not in separate courses for either preparatory courses or for the RDEV (real estate development) courses.

Up to four courses taken as part of the Certificate may be counted toward the MRED degree upon completion of the certificate if the student applies and is accepted into the MRED degree program. Successful completion of the Certificate with grades of B or better assures admission to the MRED program. Up to additional 9 credits of leveling course work may be required before a Certificate student may move on to the core real estate certificate courses, depending on the background and experience of the applicant.

Students subsequent to admission are subject to three assessments: of Excel Skills, Business Writing and Oral Presentation skills. Students who do not meet minimum standards in the Orientation assessments, or if determined during early coursework that skills are insufficient,  may be required to take additional evening or weekend coaching courses in order to meet the Program’s Professional Skills Standards.

Generally  Certificate Students take 6 credits (2 courses) per term, and can finish in two terms,  if no additional leveling preparatory courses are required. Students required to complete a full 21 credits, can still  finish  in 15 months by taking classes through two summer sessions as well as 3 spring and fall terms. However, a  Certificate student may, if they are not working, take a maximum of four courses per term. There is no guarantee that the four required courses for the Certificate, however, will be offered in each term. There is more information about the courses and teaching methods used for the Graduate Certificate Real Estate Development sequence at the catalogue entry for RDEV -- Real Estate Development. There is also information on all the real estate graduate programs, including dual degrees available with business,l  historic preservation and architecture at the web site www.arch.umd.edu/real_estate_development.

Certificate students are not eligible to take elective RDEV courses or the Capstone course prior to admission to the Master’s program. Certificate students may, on a space available basis, participate in Study Abroad courses, but not for credit towards the Certificate degree.

Admissions Information

General Requirements:

Program-Specific Requirements:

  • Letters of Recommendation (3)
  • CV/Resume
  • Skills Assessment: This assessment is not used in determining your admission to the program. Self assessments are used for placing students into the proper sequence of courses once admitted. (This is a section in the online application.)

Acceptance to the Certificate program is competitive. Applicants are required to have a minimum undergraduate grade point average (GPA) of 3.0 on a 4.0 scale from an accredited University. Applicants who demonstrate a strong interest and aptitude with a GPA below 3.0 may be considered on a case by case basis if they show a strong aptitude and/or experience in the field. Such applicants are admitted provisionally based on meeting grade expectations in the program and likely will  be required to take additional courses.

No transfer credits from graduate work in other programs at the University of Maryland, or other academic institutions, are accepted towards the Certificate.

Incoming students are required to attend a two day Bootcamp (Orientation and Assessment Program) on the Saturday and Sunday before the beginning of the term in which they take their first course. Based upon Assessments of Professional Skills, additional coaching sessions on Saturdays or late afternoons (5:00 - 7:00pm) may be required for those who do not meet minimum skills in Excel, Business Writing and Oral Presentation. Fees may be charged for such courses, although currently the Colvin Institute covers the cost. Attendance at the Assessment sessions and any follow-up coaching is required to be awarded the Certificate, although the grading is on a pass/fail basis.

For more admissions information or to apply to the program, please visit our Graduate School website: www.gradschool.umd.edu/admissions

Application Deadlines

Type of Applicant FallSpring
Domestic Applicants:
US Citizens and Permanent Residents
26 Jul15 Dec
International Applicants:
F (student) or J (exchange visitor) visas
A,E,G,H,I and L visas and immigrants.
program not currently accepting applicationsprogram not currently accepting applications


Other Deadlines: Please visit the program website at http://www.arch.umd.edu/real-estate-development

Degree Requirements

Post-Baccalaureate Certificate (P.B.C.)

Total CreditsCore Requirements

12 credits required

RDEV 688A: Development Law (3 credits)

RDEV 630: Fundamentals of Real Estate Development and Finance (3 credits)

Two additional courses selected from cognate areas in Design, Construction, Asset Management and Planning/Entitlements (6 credits)

*Students without finance and real estate education or experience typically take an additional 5-9 credits*

 

A 12 - 21 credit introductory program to real estate development. Recommended for those considering whether to move into the real estate development field full time. Courses may be applied to the Master of Real Estate Development Program, if a student desires to go on to full professional preparation

The 4 required courses of the Certificate are Development Law, Process and Ethics; Fundamentals of Development Finance, and 1  course from  two of the following  groups:    Urban Design, Asset and Property Management, Planning and Entitlements Policy and Practice, and Design and Construction Management. For students without academic preparation in finance, accounting and economics additional leveling courses are required in those areas before proceeding to the  required courses.

Students may begin the Certificate program in either the Fall or Spring terms. Applications are reviewed and admission decisions  are  issued on a rolling basis

Waivers of the deadline for domestic applicants  may be available depending on the number of applicants already admitted.

 

Facilities and Special Resources

The Facilities and Special Resources available to RDEV (Master of Real Estate Development students) are generally available to Graduate Certificate students. Although, Certificate students may not participate in supported competitions, and financial aid may be more limited. Certificate students are not eligible to take the Capstone course, without applying and completing the Master’s requirements. To read about the extent of the facilities and special resources available please check the catalogue of the RDEV program or the web site at www.arch.umd.edu/real_estate_development

Financial Assistance

Financial aid through the University administered federal loan programs is now available for Certificate students.  This is an exception to the general rule,  and is based on application and approval  received from the federal government  as to the standards of admission and requirements of the program.  Contact the Program Director after application as to any available Program scholarship assistance, which, depending on the term, may or may not be available for Certificate students. Scholarship awards from the Program are never available for Summer and Winter term courses or for Study Abroad.

Contact Statement

You will find more information about the Graduate Programs in Real Estate Development at the University of Maryland at www.arch.umd.edu/real_estate_development

Website

http://www.arch.umd.edu/real-estate-development

Contacts

Margaret McFarland, JD, Director, Graduate Programs in Real Estate Development

Colvin Institute of Real Estate Development,ARC Building 145, Room 1243

Corner of Mowatt Lane and Campus Drive

College Park MD, 20742

Telephone: 240.472.8304

mmcf@umd.edu

 

Associated Information