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BSc Real Estate UCAS code: N For students entering Part 1 in 2014/
Awarding Institution: University of Reading Teaching Institution: University of Reading Relevant QAA subject Benchmarking group(s): Faculty: Henley Business School at Univ of Reading Programme length: 3 years Date of specification: 03/Jul/ Programme Director: Dr Steven Devaney Programme Advisor: Board of Studies: Henley Business School Board of Studies for Undergraduate Programmes Accreditation: Royal Institution of Chartered Surveyors
Summary of programme aims The BSc programme offers a blend of academic rigour and applied practical analysis. The programme aims to provide students with the knowledge and skills necessary for successful careers as Chartered Surveyors or as related professionals; to enable students engage confidently with market and development processes; to emphasise the value of inter-disciplinary working; to provide students with a structured but flexible learning framework; and to ensure that the skill areas covered by the programme are applicable to a range of occupational and professional needs.
Transferable skills During the course of their studies at Reading, all students will be expected to enhance their academic and personal transferable skills. In following this programme, students will have had the opportunity to develop such skills, in particular relating to career management, communication (both written and oral), information handling, numeracy, problem-solving, team working and use of information technology and will have been encouraged to further develop and enhance the full set of skills through a variety of opportunities available outside their curriculum. The Real Estate programme is designed to ensure that students progressively develop these transferable skills throughout their studies, in parallel, and integrated, with acquiring more specialist knowledge, understanding and skills.
Programme content The Degree is divided into three parts. In Part 1 of the programme students cover the fundamental principles of core subject areas including building, economics, law, investment appraisal and planning. A series of projects in real estate and planning enable students to develop skills and apply the knowledge gained through the taught modules. Part 2 builds on these subject areas with further emphasis on their application to the property industry. By the end of Part 2 all students have covered the required core material which can then be developed and expanded depending on the students area of interest. In Part 3, students have considerable flexibility and choice. Four specialist 'pathways' of related modules are available, each totalling 80 credits. These are: Appraisal & Asset Management Development & Planning Investment & Finance Rural Enterprise & Asset Management
Students must choose additional modules to make 120 credits in Part 3. Students are given guidance on the Part 3 'pathways' and other modules during their Part 2 studies. Students will normally be required to choose one of these four pathways but a freer choice of Part 3 modules may be permitted in exceptional circumstances subject to the approval of the Programme Director.
Part 1 (three terms) Compulsory modules
Mod Code Module Title Credits Level RE1IAP Investment Appraisal 20 4 LW101F Introduction to Property Law 10 4 LW1A05 General Introduction to Law 10 4 RE1IPB Introductions to Planning and Building 20 4
RE1PREP Projects in Real Estate and Planning (1) 40 4 IC103 Introductory Economics for Business and Finance 20 4
Part 2 (three terms) Compulsory modules
LW2APL Applied Property Law 10 5 RE2MRES Management in the Real Estate Sector 20 5 RE2PLP Planning Law & Practice 20 5 RE2PREP Projects in Real Estate & Planning (2) 30 5 RE2VAL Property Valuation 20 5 RE2REEI Real Estate Economics & Investment 20 5
Part 3 (three terms) Compulsory modules
Students will normally be required to choose one of the following four packages Appraisal and Asset Management (80 credits)
RE3AV Applied Valuation 10 6 RE3AMP Appraisal & Management Projects 40 6 RE3PDAF Property Development Appraisal & Finance 10 6 RE3REM Real Estate Management 20 6
Development & Planning (80 credits)
RE3DPP Development & Planning Projects 40 6 RE3PDAF Property Development Appraisal & Finance 10 6 RE3REDP Real Estate Development Practice 10 6 RE3SUD Sustainability & Urban Design 20 6
Investment & Finance (80 credits)
RE3FM Finance & Markets 20 6 RE3ISM Investment Strategy & Management 20 6 RE3PIF Projects in Investment and Finance 40 6
or Rural Enterprise & Asset Management (80 credits)
RE3ALV Agricultural Law & Valuation 20 6 RE3RPP Rural Policy & Planning 20 6 RE3RPS Rural Projects 30 6 RE3EFBM Estate Finance & Business Management 10 6
Optional modules available in Part 3 Students must choose option modules to make a total value of 120 credits at Part 3. A complete list of option modules will be distributed to students during the Autumn term of Part 2. There is no guarantee that in any one year all modules will be available. New option modules may also be added. A particular innovation within the optional component in the final year of the degree programme is Work-Based Learning. Students electing to take this module spend some time working with a real estate organisation in order
Entrants to this programme are normally required to have obtained: Grade B or better in English in GCSE; Grade B or better in Maths in GCSE; and achieved UCAS Tariff: AAB from 3 A levels or ABBb from 3 A levels and an AS in a different subject. There are no required subjects although Economics, Geography, Business Studies or Mathematics are all relevant. International Baccalaureate: 6, 6, 6 points in three Higher papers. Irish Leaving Certificate: AABBB The above requirements are subject to continual review and are intended as a guide only. Please see our website or contact the Admissions Tutor for up-to date details.
Admissions Tutor: Joe Doak
Support for students and their learning University support for students and their learning falls into two categories. Learning support is provided by a wide array of services across the University, including: the University Library, the Careers, Placement and Experience Centre (CPEC), In-sessional English Support Programme, the Study Advice and Mathematics Support Centre teams, IT Services and the Student Access to Independent Learning (S@il) computer-based teaching and learning facilities. There are language laboratory facilities both for those students studying on a language degree and for those taking modules offered by the Institution-wide Language Programme. Student guidance and welfare support is provided by Personal Tutors, School Senior Tutors, the Students' Union, the Medical Practice and advisers in the Student Services Centre. The Student Services Centre is housed in the Carrington Building and offers advice on accommodation, careers, disability, finance, and wellbeing, academic issues (eg problems with module selection) and exam related queries. Students can get key information and guidance from the team of Helpdesk Advisers, or make an appointment with a specialist adviser; Student Services also offer drop-in sessions and runs workshops and seminars on a range of topics. For more information see www.reading.ac.uk/student
The Academic Resource Centre contains a variety of information sources relevant to Real Estate-related programmes. It has a wide-ranging reference collection of textbooks, journals, property company reports and planning documents, which complements the material held in the Main University Library. The Academic Resource Centre also holds the Barbour Index microfiche files for Planning and Property Management , and a link to the on-line FOCUS databases provided by Property Intelligence plc. The School has significant computer facilities for the sole use of its staff and students.
Career learning Working in-conjunction with the academic staff, the Real Estate & Planning Career Development Advisor provides specialised careers advice targeting all aspects of the Real Estate & Planning industry through a series of timetable Career Management Skills sessions delivered over three years. The 2.5 per cent of the assessment for the final year project module is allocated to Career Management Skills. In addition to this specific, embedded career learning, the entire Real Estate & Planning curriculum is supported and supplemented with industry involvement via our alumni organisation and staffs personal contacts contributing in a variety of means including employer presentations, industry challenges, guest speakers and site visits, all designed to enhance the commercial and industry awareness of the REP students. In recent years graduates from these programmes have entered a variety of careers in the global real estate & planning sector. Employment reflects the wide and diverse nature of the industry sector and of the different specialisms students can choose to follow in their final year. Graduates from Reading regularly make up 20- per cent of the total intake at the larger, global companies associated with real estate & planning. However, our Graduates have also found employment with smaller development companies, management consultants, insurance companies, local authorities and voluntary sector organisations. Consistently the Reading Real Estate & Planning students have secured professional, managerial level employment within the real estate & planning sector or have been accepted for further study within six months of graduation from their programme of study.
Career prospects Our students have been regularly employed by the largest and most prestigious firms of surveyors including: Jones Lang LaSalle, DTZ, Weatheralls, Cushman & Wakefield, Drivers Jonas, King Sturge, Knight Frank, Savills, and CB Richard Ellis. Graduates have also found employment with development companies, management consultants, insurance companies, local authorities and voluntary sector organisations. Traditionally our students have had little difficulty in securing employment the vast majority of graduates securing jobs or being accepted for further study within three months of the end of their programme.
Opportunities for study abroad
As part of the degree programme students have the opportunity to study abroad at an institution with which the University has a valid agreement and subject to agreement of the relevant professional accrediting bodies.
Placement opportunities
One of the optional final year modules is Work Based Learning. Students taking this option are expected to seek and secure a work placement in an appropriate firm. This mini placement should be at least a 4 week, 150 hours experience at a single employer. Help in seeking an appropriate placement is provided by the Real Estate & Planning Career Development Advisor. Assessment is via a self-reflected appraisal of performance and application of the knowledge gained over the previous two years of study against the professional standards required by the RICS. The intended outcome of this module is to allow the students a deeper awareness of the business environment, while reflecting upon current professional practice and the best application of their skills and attributes prior to making the transition into a professional graduate role.
Programme Outcomes The programme provides opportunities for students to develop and demonstrate knowledge, understanding, skills, qualities and other attributes in the following areas:
Knowledge and Understanding
A. Knowledge and understanding of:
- The attributes and dimensions of property- physical, financial, functional and legal
- The nature, role and structure of the property industry and the key players- planning, development, law, property markets, occupiers, investors and services
- The environment and the economy- public policy, environmental policy, economic trends and policy, technological change and social change
- The concepts and principles of construction, economics, finance, valuation, investment, management, law and planning and their application to property and related assets
- One of four areas of specialist study: Appraisal & Asset Management Development & Planning Investment & Finance Rural Enterprise & Asset Management
Teaching/learning methods and strategies
Acquisition of knowledge of fields 1-3 is promoted across the programme through lectures, tutorials, seminars, practicals, workshops, case studies, role- play exercises, IT-based exercises, site visits, guest lectures, other project-based assignments, and through individual consultation with academic staff and personal tutors. Parts 1 and 2 of the programme focus on developing students' understanding of the general principles the subject areas in field 4 and on the application of these subject areas to property and land. The choice of pathway (field 5) at Part 3, provides students with a significant element of choice enabling them to deepen their understanding of real estate according to their interests and, possibly, career plans. These pathways provide further opportunities for self-directed learning through problem-solving and the examination of real world property problems. The teaching and content of the pathways also tends to relate to staff research interests and activities. During Part 2 of the programme students are provided with a opportunities to consider and evaluate the available pathways in Part 3.
Assessment Assessment in Part 1 is based on elements of projects and other coursework, class tests and unseen formal examinations. Modules at Part 2 are assessed in a similar way. The balance of assessment methods varies somewhat at Part 3 depending on the choice of specialist pathway. The full range of assessment methods are used including essays, unseen examination papers, open book examinations, multiple-choice examination papers,
Effective (job) Applications package incorporating a taught session, on-line learning material and assignments, timetabled to prepare students for the usual cycle of career presentations, applications and interviews.
Assessment As a result of this 'pervasive' approach to transferable skills, students' performance is assessed across the full range of skills throughout the programme on a module-by-module basis through coursework including practical projects when feedback is provided. Skills 1, 6 and 8 are also assessed in Part 3 through examinations.
Please note - This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided. More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module can be found in the module description and in the programme handbook. The University reserves the right to modify this specification in unforeseen circumstances, or where the process of academic development and feedback from students, quality assurance process or external sources, such as professional bodies, requires a change to be made. In such circumstances, a revised specification will be issued.
