Real Property Administration (Assessment and Appraisal) (Accelerated)
|Duration:||2 Semesters (8 Months)|
|Start Dates:||Fall, |
Start dates are subject to change
|Credential Awarded:||Ontario College Diploma|
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.
- A diploma; or substantial completion of a recognized degree from an accredited institution.
- English proficiency at the college level
- Grade 12 Mathematics (C) or (U) or Grade 11 Mathematics (U) or (M)
- See Accelerated Delivery Mode section
- 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 will include the assessment of English skills/proficiency.
- Although not required for admission, a high degree of computer literacy is recommended.
- Strong English communication skills are required (verbal, written and listening).
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.
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.
This is an accelerated program for those who have completed a degree or 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.
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.
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.
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.
(Subject to Change)
|Semester 1 & 3||Course Name||Hrs/Wk|
|CSP201||Communication Skills for Public Administration||3|
|ICA001||Introduction to Computers and Applications||2|
|RPA106||Introduction to Computer Software Applications||1|
|RPA112||The Appraisal of Real Estate||4|
|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|
|RPA415||Professional Issues in the Assessment Industry||3|
|RPA422||Residential Data Collection||5|
|FPL455||Field Placement II|
|Domestic Admissions Advisor:||Kelly Winger
Telephone: (416) 491-5050 Ext. 22036
|International Admissions Advisor:||Dannielle Torney
Telephone: (416) 491-5050 Ext. 22380
|Registration & Records Advisor:|
Telephone: (416) 491-5050 Ext. 26199
|Program Coordinator:||Mark Leavens
Telephone: (416) 491-5050 Ext. 26390
|Program Chair:||Wanda Forsythe
Telephone: (416) 491-5050 Ext. 22745