Real Property Administration (Assessment and Appraisal)

Program Description

The first semester of the Real Property Administration diploma program acquaints students with introductory subjects in property valuation, financing, and real estate appraisal. Subsequent semesters cover aspects of property law, appraising, municipal taxation and urban planning, property assessment and taxation, data processing, statistics and construction techniques. Students receive training in the most up-to-date assessment software used in the industry.

Admission Requirements

Program Eligibility:

• Ontario Secondary School Diploma with a majority of senior credits at the College Preparation(C), University Preparation(U) or University/College Preparation (M) level or Mature Student Status (age 19 or older)
• Grade 12 English: ENG4(C) or ENG4(U)
• Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics (U) or (M)

Applicant Selection:

• Applicant grades in pre-requisite subjects (or their equivalents) may be used as a basis for the selection of candidates.

Desirable:

• Although not currently required for admission, basic computer skills and business mathematics are suggested.

Your Career

Graduates may find themselves in high demand as property assessors of residential and commercial properties in the public and private sectors. There may also be opportunities in insurance companies, appraisal offices, municipalities, corporate tax offices and property tax agent firms to develop careers as property appraisers, tax agents or leasing assistants.

Recognition

Employment opportunities are enhanced through the portability and recognition of the Seneca diploma in assessment jurisdictions across Canada and the eligibility for professional accreditation with the Institute of Municipal Assessors (AIMA Designation) for all students and the Appraisal Institute of Canada (CRA Designation) for students possessing a university degree. Awards for academic excellence are provided by professional organizations and employers in recognition and support of the program.

Partnerships

In addition to receiving the Real Property Administration Diploma, the graduate student will receive a joint Real Property Assessment Certificate from Seneca College and the Real Estate Division of the Faculty of Commerce and Business Administration of the University of British Columbia.

The student may also receive valuable industry insight through training and education with organizations such as the Municipal Property Assessment Corporation and the Assessment Review Board.

UBC Certificate Subjects

• RPA112 Appraisal of Real Estate
• RPA115 Mortgage Underwriting
• RPA307 Statistical and Computer Applications in Valuation
• RPA304 Advanced Real Property Assessment I
• RPA406 Advanced Real Property Assessment II

A final grade of 'C' is required in each subject.

Field Placement

Students will be expected to successfully complete work placements provided by employers in the real property industry. The duration and nature of the work placement will vary. It will entail block placements which include the study week. Purchase of a textbook may be required for field placement. Students must have successfully completed semesters one and two to be eligible for FPL355 and FPL455.

Diploma to Degree ...and Beyond

Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following universities:

Ontario

Canada

Curriculum

Prior learning experience may be recognized by way of a challenge exam or through documentation of related experience.

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