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  • Real Property Administration (Assessment and Appraisal) (Accelerated)

    Real Property Administration (Assessment and Appraisal) (Accelerated)

Program Code:RPAA
Campus:Newnham
Duration:2 Semesters (8 Months)
Start Dates:Fall,
Start dates are subject to change
Credential Awarded:Ontario College Diploma

Program Description

The first semester of the Real Property Administration Accelerated Diploma program acquaints you with mandatory courses in property valuation, financing, and real estate appraisal. The second semester covers aspects of property law, appraising, municipal taxation, urban planning, construction techniques, property assessment and taxation, and statistics. You will receive training in the most up–to–date assessment software in the industry. You will register for some courses associated with professional designations at an additional cost.

Program Learning Outcomes:

This Seneca College program meets the system-wide standards as set by the Ministry of Training, Colleges and Universities.

As a graduate, you will be prepared to reliably demonstrate the ability to:

  • Solve financial problems, make business decisions.
  • Analyze financial statements.
  • Understand and interpret basic building trade blueprints.
  • Develop observation and investigation skills with relationship to the real estate market.
  • Develop appraisal skills of specific properties and utilizing select appraisal techniques.
  • Understand and interpret several provincial Acts; i.e. Assessment and Planning Act.
  • Apply several advanced computer applications including MS-DOS LOTUS 1-2-3, dBase III, WordPerfect 5.0, etc.
  • Understand mortgage law and apply the techniques of mortgage financing.
  • Acquire an understanding of the basic concepts of real property law and real estate practice.
  • Acquire the skills and procedures to conduct an entire title search on real property in Ontario.
  • Acquire the necessary skills to valuate property and determine their equitable assessments for taxation purposes in Ontario.
  • Acquire the ability to utilize the tools of short and long range planning in reference to the day to day management of revenue producing properties so that management may plan for future development.
  • Understand the development of a city, the problems that have arisen as a result of growth and explore solutions which have been attempted to offset problems of urban areas today.
  • Acquire the integration of theoretical knowledge and skills through practical experiences. (Field Placement)
  • Acquire an understanding surrounding the power of legislature to control land use in Ontario.
  • Understand terminology, legal requirements, documents, methodology and administration in the real estate industry.

Essential Employability Skills:

Graduates of this program are also expected to demonstrate the essential employability skills learning outcomes as outlined on the Ministry of Training, College and Universities website.

Admission Requirements

Program Eligibility:

  • Substantial completion of a recognized degree or completion of a post secondary diploma from an accredited institution.
  • Students with credentials from a foreign institution must be evaluated course by course through WES or ICAS.
  • Academic equivalents for three general education credits and for EAC150.
  • English proficiency at the college level.
  • Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics: (U) or (M).
  • See Accelerated Delivery Mode section.

Application Selection:

  • Students are required to be highly literate in the English language with good writing and analytical skills to be successful in this accelerated program. Applicant selection may include the assessment of English skills/proficiency.

Note:

  • Although not required for admission, a high degree of computer literacy is considered an asset.

The Importance of Learning Skills:

Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well-organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills. Seminars, workshops and tutoring are available at Seneca's Learning Centres.

Fees

Loading Tuition Costs

Your Career

Fast–track to a career as an assessor of residential and commercial properties in the public and private sectors. You may also find employment opportunities in insurance companies, appraisal offices, municipalities, corporate tax offices and property tax agent firms as you build your career as a property appraiser, tax agent or leasing assistant.

Accelerated

This is an accelerated program for those who have completed a degree or post secondary diploma.


(The standard program is RPA.)

 

Accelerated Delivery Mode

The accelerated version of the regular, four– semester diploma program is designed for students who can demonstrate that they have previously achieved the academic equivalents of three general education credits and EAC 150. This allows the completion of the professional subjects over a period of two semesters.

UBC Certificate Courses

  • RPA112: Appraisal of Real Estate
  • RPA115: Mortgage Underwriting
  • RPA212: Real Estate Investment Analysis and Advanced Income Appraisal
  • RPA304: Advanced Real Property Assessment I
  • RPA307: Statistical and Computer Applications in Valuation

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

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 with 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.

Partnership

Upon graduation, you’ll receive both the Real Property Administration Diploma and 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.

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

Field Placements

The RPAA program includes a field placement, which you will complete with an employer 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 text book may be required for field placement. You must successfully complete semesters one and three to be eligible for FPL 455.

Important Academic Dates

Please take a few moments to view Important Academic Dates for your relevant semester.

Curriculum

(Subject to Change)

Semester 1 & 3 Course Name Hrs/Wk
CSP201 Communication Skills for Public Administration 3
RPA106 Introduction to Computer Software Applications 1
RPA112 The Appraisal of Real Estate 4
RPA115 Mortgage Underwriting 3
RPA120 Principles of Microeconomics 3
RPA303 Planning and Urban Development 3
RPA304 Advanced Real Property Assessment I 3
RPA306 Construction and Cost Techniques 3
RPA307 Statistical and Computer Applications in Valuation 4
FPL355 Field Placement I
 
Semester 2 & 4 Course Name Hrs/Wk
RPA206 Advanced Computer Software Applications 3
RPA207 Introduction to Real Estate Law 3
RPA210 Municipal Tax Administration 3
RPA212 Real Estate Investment Analysis and Advanced Income Appraisal 4
RPA426 Income Properties 4
RPA413 Assessment Appeals 3
RPA415 Professional Issues in the Assessment Industry 3
RPA422 Residential Data Collection 5
FPL455 Field Placement II

Contact Us

Admissions Advisors:
Domestic Admissions Advisor: Shanda Reid
Telephone: (416) 491-5050 Ext. 22805
Email: Shanda.Reid@senecacollege.ca
International Admissions Advisor: Valentyna Gorodovych
Telephone: (416) 491-5050 Ext. 22432
Email: Valentyna.Gorodovych@senecacollege.ca
Registration & Records Advisor:
  June Allison
Telephone: (416) 491-5050 Ext. 22471
Email: June.Allison@senecacollege.ca
Program Contacts:
Program Coordinator: Mark Leavens
Telephone: (416) 491-5050 Ext. 26390
Email: Mark.Leavens@senecacollege.ca
Program Chair: Wanda Forsythe
Telephone: (416) 491-5050 Ext. 22745
Email: Wanda.Forsythe@senecacollege.ca
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