It’s not often you find a great two-for-one deal, but Iowa State University now offers a significant value in the master of real estate development program (MRED). Students can now count some of their coursework toward Iowa Real Estate Commission continuing education requirements.
“We are delighted to partner with the Iowa Real Estate Commission (IREC),” said Tracy Turner, MRED director and associate professor of finance at the Ivy College of Business. “This opportunity provides MRED students with the option of IREC credit and acknowledges the value of the educational content.”
Mike Macri, a student in the MRED program and a Certified Commercial Investment Member (CCIM), submitted the application and was instrumental in making the change. “In the commercial real estate market, it’s difficult to find new elective continuing education options,” said Macri. “It was practical to allow them to be counted.”
The approved courses are:
- FIN 572: Real Estate Finance
- FIN 576X: Market Analysis
- CE 594A: Construction Engineering Management: Planning and Scheduling
Each course is worth six elective, continuing education credits. The Iowa Real Estate Commission requires 36 continuing education credits over three years to maintain a real estate license.
“This is only the beginning,” said Macri, who is president-elect of the Iowa CCIM Chapter. “As we continue through the curriculum, I will apply for those classes to count. Hopefully, those will be approved as well.”
The master of real estate development program, which can be completed in 21 months, is designed for professionals working in a real estate-related field. Offered jointly by Iowa State University’s Ivy College of Business and the College of Design, the MRED program integrates innovative industry practices with academic training in market analysis, business finance, fundamentals of the built environment, and urban planning.