REM 3111            Principles of Real Estate (3 Credits)

Overview of real estate business and professional practices, special terms, nature and description of real estate, various types of property, basic rights and interests in real estate, land-use controls, forms of ownership, various real estate fields of property management, development, investment, real estate finance and real estate appraisal. Prerequisite: MGT 1101 Introduction to Business

 

REM 3112       Real Estate Law (3 Credits)

General principles of real estate law and legal aspects relating to real estate business, property rights, subdivision regulations, ownership in real estate, transferring and registering title, regulations of land-use and city planning, housing and condominium development laws, construction laws and other contracts related to real estate transactions.

 

REM 3113       Real Estate Economics (3 Credits)

Demand and supply of real estate, real estate business cycle, real estate cycle, real estate markets, urban land-use, market failure and remedies in real estate. Prerequisites: BG 2400 Macroeconomics AND BG 2401 Microeconomics

REM 3114       Building Design and Construction Techniques (3 Credits)

Basic knowledge of techniques and process used to design and construct a building, terms and symbols used in construction drawings, types of construction materials, construction technology and equipment, quantity take-off technique and scheduling techniques, process to construct building structure, architecture, finishing and building mechanical systems.

  

REM 3211       Principles of Real Estate Development (3 Credits)

Methods in real estate development for various types of real estate business, various participants in the real estate development process both public and private, development process, including conceptual development, feasibility study, market analysis, contracting and basic concepts of project management. Prerequisites:  MGT 2900 Principles of Management AND REM 3111 Principles of Real Estate

  

REM 3212       Real Estate Finance (3 Credits)

Financial techniques to sell and buy real estate property, types of financial institutions and sources of funds, types of loan, underwriting, analysis of project development loan and mortgage loan, factors and principal process in real estate lending, including various financial calculations used in real estate business, and government’s current policies regarding real estate finance. Prerequisites: FIN 2700 Money, Banking, & Financial Markets AND REM 3111 Principles of Real Estate

 

REM 3213       Real Estate Appraisal (3 Credits)

Introduction to real estate appraisal, definition of value, objectives of appraisal, data analysis, land (site) and building survey, appraisal report, with emphasis on the three basic approaches to calculate value: Cost Approach, Market Approach and Income Approach. Prerequisite: REM 3111 Principles of Real Estate

 

REM 3214       Principles of Real Estate Investment Analysis (3 Credits)

Process of real estate investment and analysis, methods in real estate investment analysis, including traditional method and discounted cash flow method, prelim-financial feasibility study, real estate investment assumptions, real estate investment analysis of various real estate segments, real estate investment analysis report, other types of real estate investment vehicles. Prerequisite: REM 3212 Real Estate Finance

 

REM 4112       Computer Applications in Real Estate (3 Credits)

Various computer applications for real estate management decision and practice, computer software programs including spreadsheet, database management system, project management software, floor plan & mapping software, applications covering various areas including real estate finance, real estate investment analysis, and project planning and control. Prerequisite: REM 3112 Real Estate Finance

   

REM 4113       Principles of Property Management (3 Credits)

Basic management principles for income producing properties, process for making management plans, property marketing , lease management, roles and right of landlord and tenant, personnel management, management and maintenance of different types of property especially residential and commercial. Prerequisites: REM 3111 Principles of Real Estate AND REM 3114 Building Design and Construction Techniques

 

REM 4131       Real Estate Project Management (3 Credits)

Procedure and basic technique throughout project management life cycle to fulfill a real estate development project, planning and control project schedule, cost and quality, organization methods and project team, leadership, risk management, project feasibility analysis and project contract. Prerequisites: REM 3114 Building Design and Construction Techniques AND REM 3211 Principles of Real Estate Development 

 

REM 4132       Advanced Real Estate Investment Analysis (3 Credits)

Comprehensive real estate feasibility analysis for both low-rise housing and condominium investments, analysis application through computer software packages with the aspects of market, finance, legal, construction, and taxation, analysis of investment risk, tax planning for investment, inflation and investment cycle, and basic strategies for investment portfolio. Prerequisite: REM 3214 Principles of Real Estate Investment Analysis

 

REM 4141       Advanced Real Estate Appraisal (3 Credits)

Advanced techniques in valuation, including the residual method, discounted cash flow method, and various real estate appraisal theories, standard practice for appraisers, valuation of pending properties, fee simple, lease fee estate and leasehold estates, use of statistics, accounting, computer software and financial analysis in appraising real estate. Prerequisite: REM 3213 Real Estate Appraisal

 

REM 4142       Professional Appraisal Practice and Ethics (3 Credits)

Appraisal standards, category of property appraisal, qualifications of valuer, objectives and basis of valuation, assumptions, conditions and limitations, duties and responsibilities of valuer, professional code of ethics, professional negligence and liability, arbitration and dispute resolution, role of expert witness, lifecycle of professional valuation business, and problems and obstacles in appraisal profession. Prerequisite: REM 3213 Real Estate Appraisal

 

REM 4151       Corporate Real Estate Management (3 Credits)

Corporate real estate environment analysis and organization structure, operations and management planning for property, strategic planning of efficiency improvement and cost reduction, local community relations management, buy/hold or sell property decision analysis, location selection strategy, space utilization management, risk management strategy. Prerequisite: REM 4113 Principles of Property Management

 

REM 4152       Facilities Operations and Maintenance (3 Credits)

Building engineering system and building components, facility and building components maintenance operation, energy utilization and management, building environmental management, building user’s safety and health management. Prerequisite: REM 4113 Principles of Property Management

  

REM 4191       Seminar in Real Estate Business (3 Credits)

Comprehensive review of various special aspects of real estate development experience and practices, group and individual real estate research, and case study in relevant current issues. Prerequisites: REM 3211 Principles of Real Estate Development AND Senior Standing (accumulated over 100 credits)

 

REM 4192       Seminar in Property Valuation (3 Credits)

Various aspects of real estate appraisal experience and practices, case studies, workshops, and fieldtrips related to property valuation. Prerequisites: REM 3213 Real Estate Appraisal AND Senior Standing (accumulated over 100 credits)

 

REM 4193       Seminar in Property Management (3 Credits)

Comprehensive review of various special aspects of property management experience and practices, property management research, case study in relevant current issues and fieldtrips related to property management. Prerequisite: REM 4113 Principles of Property Management

 

REM 4221       Directed Study in Real Estate (3 Credits)

Under the guidance of the Department Chairperson, a student will carry out an approved research project in real estate business.  Depth, detail and originality of the study will determine the project evaluation. Prerequisite: Consent of the Department Chairperson

 

REM 4222       Capital Markets Related to Real Estate Business (3 Credits)

Structures and types of capital markets as sources of fund for real estate business, related types of security and market that are applied for real estate investment including Mutual Fund, Property Fund and Secondary Mortgage Market, regulations and procedures to list and issue securities in the Stock Exchange of Thailand (SET), criteria of investment risk analysis in different types of capital market. Prerequisite: REM 3214 Principles of Real Estate Investment Analysis

 

REM 4231       Real Estate Marketing and Brokerage Management (3 Credits)

Techniques for marketing commercial-investment properties; planning, process, and methods of marketing including marketing program, selling and negotiation strategy, information systems supporting marketing, roles of brokerage business including services, relationship to owner, responsibilities, brokers’ code of ethics, and development of a broker profession. Prerequisite: REM 3211 Principles of Real Estate Development                                                  

 

REM 4241       Valuation for Special Purposes (3 Credits)

Methods and techniques for appraisal of assets used for special purposes such as intangible assets, valuation for statutory purposes e.g. tax, expropriation, valuation of assets for non-market assets, plant and machinery, concepts to support valuation of various intellectual properties, including patent, copyright, brand name, goodwill, and share value. Prerequisite: REM 3213 Real Estate Appraisal

 

REM 4251       Income-producing Property Management (3 Credits)

Property manager roles and duties, commercial leasing process, lease contract management, lease negotiation in theory and practice, tenant/landlord relationship management, juristic person management. Prerequisite: REM 4113 Principles of Property Management

 

REM 4381 Internship in Real Estate Business (3 Credits)

In the final semester, students may arrange for an Internship Program with a company related to real estate business for at least 300 working hours. Course evaluation based on daily progress record, overall training discussion report, and performance evaluation by the immediate supervisor. Prerequisite: Consent of the Department Chairperson

 

REM 4382       Internship in Real Estate Appraisal (3 Credits)

In the final semester, students may participate in an Internship Program with a company related to real estate appraisal for at least 300 working hours. Course evaluation based on daily progress record, overall training discussion report, and performance evaluation by the immediate supervisor. Prerequisite: Consent of the Department Chairperson

 

REM 4383       Internship in Property Management (3 Credits)

In the final semester, students may participate in an Internship Program with a company related to property management for at least 300 working hours. Course evaluation will be based on daily progress record, overall training discussion report, and performance evaluation by the immediate supervisor. Prerequisite: REM 4113 Principles of Property Management

 

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