Diploma Program in Urban Land Economics (DULE) (BBRE Transfer Program)

Admission Requirements

This is a sophisticated, technical and specialized program. It has been designed for practitioners already employed in the real estate industry who want to upgrade their education, and for highly-motivated people seeking to join the industry. Many of the courses in the Diploma Program require familiarity with basic algebra. Students embarking on this Program will first need to be formally admitted to UBC - this application for admission must be made directly to the Real Estate Division (NOT to UBC's central admissions office). Please visit the Admissions webpage for more information. In general, applicants must have their grade 12 or equivalent standing and must submit their official high school transcript. Students who have not graduated from high school may be eligible for admittance as a mature student. For details on mature student admissions, please click here.

Students may apply for transfer credit on the basis of previous post-secondary education which is essentially similar to courses in this program. Where exemptions have been granted, a student must complete at minimum 50% of the total program credits to be eligible for a UBC credential. Please reference Course Equivalencies and Transcript Reviews for more information.

Program Completion

By taking one course per term, the Diploma Program can be completed in four years. In certain cases the Real Estate Division may grant permission for a student to take up to six years to complete the Program. Students with previous post-secondary education may be eligible for exemptions from some program courses and can complete the program in less than four years.

Students who wish to accelerate their program may take more than one course at the same time. Students considering this option should ensure that they have adequate time available. Most Diploma courses are offered two or three times per year.

Note: As the program is continually being updated, requirements for completion may change from year to year.

Workload

Students should expect to commit at least ten hours per week to their studies and assignments. The material is not easy. Diligence, organization, and self-discipline are essential. Each course has a set schedule for assignments, projects, and examinations -- please note there are fees imposed for late submissions of assignments and projects, as well as for deferral of examinations or transferring to subsequent terms.

Course Structure

The Diploma Program is a distance education program consisting of 11 courses, each of which are approximately 13 weeks in length. The first part of the program consists of courses designed to provide a broad foundation in the principles underlying real property markets. The program concludes with a focus on the professional and applied aspects of the material.

Most Diploma Program courses are offered in Winter Term 1 (September - December) and in Winter Term 2 (January - April), with selected courses also available also in Summer Term 1 (June - September). Most Diploma Program students are working professionals and find one course per term manageable. Students wishing to accelerate their program may choose to take more than one course concurrently. Subject to prerequisites, students may take the courses in any order.

All courses are designed to be completed by distance education, with written and multiple-choice assignments submitted according to a set schedule, followed by a final examination.

Students Starting September 2000 and Later

Students beginning the Diploma Program in September 2000 and later will complete the following programs:

Core Courses

BUSI 100 Micro Foundations of Real Estate Economics
BUSI 101 Capital Markets and Real Estate (Prerequisite BUSI 100)
BUSI 111 BC Real Property Law and Real Estate Ethics OR BUSI 112 Canadian Real Property Law and Real Estate Ethics
BUSI 121 Foundations of Real Estate Mathematics
BUSI 300 Urban and Real Estate Economics (Prerequisite BUSI 100, Recommend BUSI 121)
BUSI 330 Foundations of Real Estate Appraisal (Recommend BUSI 121)
BUSI 331 Real Estate Investment Analysis and Advanced Income Appraisal (Prerequisite BUSI 121 & 330)

In addition to the seven core courses, four specialization courses are required. The specialization courses are either in Appraisal, Assessment, Real Estate Management, or Real Estate Development.

Specialization Courses

Appraisal Specialization
BUSI 442 Case Studies in Appraisal I (Prerequisite BUSI 121, 330 & 331)
BUSI 452 Case Studies in Appraisal II (Prerequisite BUSI 121, 330 & 331, Recommend BUSI 442)

PLUS two of:
BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
BUSI 400 Residential Property Analysis
BUSI 401 Commercial Property Analysis
BUSI 460 Critical Analysis and Forecasting in Real Estate (Prerequisite BUSI 121, Recommend BUSI 330, and 344 or 444)

Assessment Specialization
BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
BUSI 443 Foundations of Real Property Assessment and Mass Appraisal (Recommend BUSI 330)
BUSI 444 Advanced Computer Assisted Mass Appraisal (Prerequisite BUSI 121 & 344, Recommend BUSI 330 & 443)

PLUS one of:
BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
BUSI 400 Residential Property Analysis
BUSI 401 Commercial Property Analysis
BUSI 460 Critical Analysis and Forecasting in Real Estate (Prerequisite BUSI 121, Recommend BUSI 330, and 344 or 444)

Real Estate Management Specialization
BUSI 441 Residential Property Management (formerly Real Estate Management I) (Prerequisite BUSI 331, Recommend BUSI 400)
BUSI 451 Commercial Property Management (formerly Real Estate Management II) (Prerequisite BUSI 331)

PLUS two of:
BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
BUSI 400 Residential Property Analysis
BUSI 401 Commercial Property Analysis
BUSI 460 Critical Analysis and Forecasting in Real Estate (Prerequisite BUSI 121, Recommend BUSI 330, and 344 or 444)

Real Estate Development Specialization
BUSI 445 Real Estate Development I (Recommend BUSI 330 & 331)
BUSI 446 Real Estate Development II (Prerequisite BUSI 445)

PLUS two of:
BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121)
BUSI 344 Statistical and Computer Applications in Valuation (Recommend BUSI 121 & 330)
BUSI 400 Residential Property Analysis
BUSI 401 Commercial Property Analysis
BUSI 460 Critical Analysis and Forecasting in Real Estate (Prerequisite BUSI 121, Recommend BUSI 330, and 344 or 444)

Real Estate Brokerage Specialization
BUSI 433 Real Estate Business
BUSI 441 Residential Property Management (Prerequisite BUSI 331, Recommend BUSI 400)

PLUS two of:
BUSI 221 Real Estate Finance in a Canadian Context (Prerequisite BUSI 121 & BUSI 330)
BUSI 400 Residential Property Analysis
BUSI 401 Commercial Property Analysis
BUSI 451 Commercial Property Management (Prerequisite BUSI 331)

Students completing the Brokerage Option would meet the course and examination requirements for the Real Estate Trading Services Licensing Course, the Broker's Licensing Course, the Rental Property Management Licensing Course, and Mortgage Brokerage in British Columbia (requires BUSI 221).

All of the core courses are available in both Winter Term I: September to December and Winter Term II: January to April. BUSI 111, 112, 121, 330, 331, 344, 400, 401, and 443 are also available in Summer Term I: June to September.

Students Starting Prior to September 2000

NOTE: Students who started the Diploma Program prior to September 2000 are required to complete only the following courses: BUSI 111/112, 121, 211 (or 300), 221, 330 and 331, 400 plus two specialization courses: either 440 (or 101) and 441; 440 (or 101) and 442; 443 and 444; or 445 and 446.

Tutorial Assistance

Assistance with the course material is available from our course specialists, through e-mail or telephone. In addition, there are many other helpful resources available to students through the Real Estate Division’s website.

Course Requirements

The Hewlett Packard (HP) 10BII/10BII+ calculator will be used in the demonstration of analytical techniques in the program of studies; however, there are a variety of pre-programmed financial calculators on the market, some of which will perform more sophisticated calculations or have greater programming capacity. You may use any financial calculator for the course and examination, providing it is silent, cordless, handheld and not alphanumeric and programmable. Many stationary and department stores sell the HP 10BII/10BII+ and you are encouraged to "comparison" shop because discount or sales prices are often available. If you are unable to locate the calculator in your area, one can be purchased online at the Real Estate Division Bookstore.

All students must have access to a personal computer when taking any Real Estate Division course. You will find that a computer is a very helpful tool in preparing and submitting your assignments, viewing your assignment answer guides, and for creating effective study notes to help you prepare for your examination. Students should also ensure that they have a high-quality printer (e.g., an inkjet or a laser) which will provide clear printouts of information from the Real Estate Division website. Furthermore, computer skills are becoming increasingly important in all employment situations, so if you are a computer novice, now is a good time to start learning!

It is required that all students arrange for some form of Internet access. All of the Real Estate Division’s courses offer numerous online course resources. From online registration and assignment submission to Frequently Asked Questions and e-mail tutoring, the Real Estate Division’s programs utilize Internet tools to enhance students’ learning experiences. Students should ensure they have Internet access prior to beginning their course work. Please note that a current web browser (equal to or higher than Internet Explorer 7, Firefox 2, or Safari 4) is needed to view the Course Resources webpage. Also, email is an important means of communication within Real Estate Division courses and for networking in the business community. There are several sources of free email accounts on the Internet, and we suggest that you set up an account for yourself. Once you have access to email, you can utilize the resources in this course such as email tutorial assistance and contact lists with fellow students.

Course Regulations

View a copy of the full course regulations from the Real Estate Division Student Handbook: Credit Courses.

Examinations

All Real Estate Division courses end with a final examination. Examination centres are established in most major centres across Canada. For more information, go to Examinations.

Awards

A number of awards are available to students in the Real Estate Division’s credit programs.