This is a named option in the Business: Real Estate and Urban Land Economics M.S.

Information about this named option can be found on the program website.

To be considered, all candidates must complete an admissions application.  Candidates must submit  personal information (address, birth date, demographics, etc), and the items listed below:

  • Documentation of undergraduate university degree, or expected completion of such a degree prior to starting the MS-Business: Real Estate and Urban Land Economics, Named Option: Real Estate program
  • Demonstrated knowledge of business fundamentals (or specific plan for acquiring prior to the start of the program); some possible ways of satisfying this include:
  • REAL EST/​A A E/​ECON/​URB R PL  306 The Real Estate Process
  • Undergraduate transcript
  • GMAT or GRE
  • Resume
  • One letter of recommendation
  • Response to essay question
  • We reserve the right to interview any prospective applicant

The TOEFL exam is required for international applicants.  It is waived for those students who have completed a four-year undergraduate degree and/or master’s degree (minimum of eight semesters total) with instruction in English or who will complete such a degree prior to matriculation in the MS-Business: Real Estate and Urban Land Economics, Named Option: Real Estate program. 

All undergraduate and master’s degree transcripts from schools outside the United States must be verified by WES at the individual class level.

Graduate School Resources

Resources to help you afford graduate study might include assistantships, fellowships, traineeships, and financial aid. Further funding information is available from the Graduate School. Be sure to check with your program for individual policies and restrictions related to funding.

Minimum Graduate School Requirements

Review the Graduate School minimum academic progress and degree requirements, in addition to the program requirements listed below.

Named Option Requirements


Face to Face Evening/Weekend Online Hybrid Accelerated
Yes No No No No

Mode of Instruction Definitions


Minimum Credit Requirement 30 credits
Minimum Residence Credit Requirement 16 credits
Minimum Graduate Coursework Requirement 15 credits out of 30 total credits must be completed in graduate-level coursework; courses with the Graduate Level Coursework attribute are identified and searchable in the university's Course Guide (
Overall Graduate GPA Requirement 3.0 GPA required.
Other Grade Requirements The Graduate School requires an average grade of B or better in all coursework (300 or above, not including research credits) taken as a graduate student unless conditions for probationary status require higher grades. Grades of Incomplete are considered to be unsatisfactory if they are not removed during the next enrolled semester.
Assessments and Examinations No formal examination is required.
Language Requirements No language requirement.


Students must take the following required courses:
REAL EST 631 Real Estate Excel Modeling1
REAL EST 632 Real Estate ARGUS Modeling1
REAL EST 710 Real Estate Finance3
REAL EST 712 Real Estate Law3
or REAL EST 640 Real Estate Capital Markets
REAL EST 715 Techniques of Real Estate Valuation3
REAL EST/​URB R PL  720 Urban Economics3
REAL EST 750 Commercial Property Development3
ELECTIVES - Students must also take 13 credits in electives and may choose from the following:13
Residential Property Development
Green - Sustainable Development
Real Estate Investment Analysis and Presentation
Real Estate Equity Investment
Lawyering the Development Deal: A Practical Guide to Real Estate Law
Commercial Real Estate Finance
Reading and Research-Urban Land Economics
Financial Statement Analysis
Construction Project Management
Entrepreneurial Finance
Managerial Communication
Data to Decisions
Ethics, Integrity and Society
Leading and Working in Teams
Bargaining, Negotiating and Dispute Settlement for Managers
Project Management
Property Risk Management
Risk Analytics and Behavioral Science
Site Planning
Land Use Policy and Planning
Total Credits30

Graduate School Policies

The Graduate School’s Academic Policies and Procedures provide essential information regarding general university policies. Program authority to set degree policies beyond the minimum required by the Graduate School lies with the degree program faculty. Policies set by the academic degree program can be found below.

Named Option-Specific Policies

Prior Coursework

Graduate Work from Other Institutions

With program approval, students are allowed to count no more than 9 credits of graduate coursework from other institutions. Coursework earned five or more years prior to admission to a master’s degree is not allowed to satisfy requirements.

UW–Madison Undergraduate

No credits from a UW–Madison undergraduate degree are allowed to count toward the degree.

UW–Madison University Special

With program approval and payment of the difference in tuition (between special and graduate tuition), students are allowed to count no more than 9 credits of coursework numbered 700 or above taken as a UW–Madison University Special student. Coursework earned five or more years prior to the master’s degree is not allowed to satisfy requirements.


The Graduate School regularly reviews the record of any student who earned grades of BC, C, D, F, or Incomplete in a graduate course (300 or above), or grade of U in research credits. This review could result in academic probation with a hold on future enrollment or in being suspended from the Graduate School.


Every graduate student is required to have an advisor. To ensure that students are making satisfactory progress toward a degree, the Graduate School expects them to meet with their advisor on a regular basis.

An advisor generally serves as the thesis advisor. In many cases, an advisor is assigned to incoming students. Students can be suspended from the Graduate School if they do not have an advisor. An advisor is a faculty member, or sometimes a committee, from the major department responsible for providing advice regarding graduate studies.

A committee often accomplishes advising for the students in the early stages of their studies.


15 credits

Time Constraints

Master’s degree students who have been absent for five or more consecutive years lose all credits that they have earned before their absence. Individual programs may count the coursework students completed prior to their absence for meeting program requirements; that coursework may not count toward Graduate School credit requirements.

Grievances and appeals

These resources may be helpful in addressing your concerns:

Students should contact the department chair or program director with questions about grievances.


Limited scholarships are available at departments discretion based on needs. Students must produce a one- to three-page statement of need for financial aid. The department chair determines if qualified.

Graduate School Resources

Take advantage of the Graduate School's professional development resources to build skills, thrive academically, and launch your career. 

Faculty: Professors Riddiough (chair), Brennan, Deng, Yavas; Assistant Professor Arefeva