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Qualification: Professional Master Degree in Civil Construction and Real Estate Management, Real Estate Economist or Engineer Construction Cost Estimates (RTU)

Professional Master Degree in Civil Construction and Real Estate Management, Real Estate Economist or Engineer Construction Cost Estimates (RTU)

Qualification Information

Learning outcomes for study programme are formulated in accordance with (1) the state standard of second level professional higher education and (2) the relevant occupational standard.

State education standard

Register of occupational standards

Learning outcomes: Not available



Competences:

1. The KNOWLEDGE at the level of notion:
1.1. basics of communication;
1.2. project development and presentation;
1.3. real estate architectural evaluation.
2. The KNOWLEDGE at the level of understanding:
2.1. international economics of a real estate;
2.2. ecologically oriented management in the real estate market;
2.3. European law;
2.4. mathematics;
2.5. statistics;
2.6. basics of construction and construction products;
2.7. evaluation of building design and utilities to carry out economic calculations;
2.8. property topographic survey;
2.9. detailed planning and territorial development strategies;
2.10. professional terminology in the official language and at least two foreign languages.
3. The KNOWLEDGE at the level of use:
3.1. laws and regulations of the real estate sector;
3.2. economic and labour law;
3.3. legal basics of immovable and movable property;
3.4. the role of real estate in national economy;
3.5. real estate economics;
3.6. investment in real estate;
3.7. property and taxes;
3.8. accounting and property records;
3.9. auditing in construction;
3.10. cost estimation of management and maintenance work;
3.11. cost estimation of construction work;
3.10. cost estimation of utilities installation;
3.13. financial aspects of real estate management;
3.14. rates, estimates of utilities and construction;
3.15. pricing in construction;
3.16. cadastre and property cadastral evaluation;
3.17. business planning and real estate;
3.18. real estate marketing and management;
3.19. psychology in real estate transactions;
3.20. technical condition assessment of buildings, structures and utilities;
3.21. legal employment relationship;
3.22. labour protection;
3.23. environmental protection;
3.24. management science;
3.25. principles of professional and general ethics and business etiquette;
3.26. information technologies;
3.27. official language;
3.28. at least two foreign languages at the communication level.



Skills:

1. To be aware of and understand general and specific development trends in real estate management.
2. To have good knowledge and understanding of factors influencing a real estate's value.
3. To understand the causes of processes taking place in the real estate market and assess potential consequences.
4. To know management techniques.
5. To understand the impact of regulatory enactments on the macroeconomic processes and the real estate market.
6. To understand the short and long-term impact of real estate transactions on the environment.
7. To consider the various social and political processes and predict impact thereof on economic activities in the real estate sector.
8. To know and understand accounting operations and financial transactions.
9. To understand the operation of the financial sector, banking and investment funds.
10. To have a good knowledge of the state's fiscal and monetary policy.
11. To analyse any problems, understand causes thereof and formulate a company's objectives in the field of property management.
12. To use logical approaches, analyses and syntheses, induction and deduction, quantitative and qualitative, as well as other methods to solve problems identified with respect to increasing a real estate's value.
13. To utilize psychological, economic and other methods of management.
14. To utilize strategic and tactical planning methods.
15. Utilizing methods of management, to ensure effective communication and interaction with customers.
16. To utilize methods of determining investment project efficiency.
17. To develop and present investment projects in the field of real estate.
18. To utilize a variety of real estate valuation techniques and improvement methods.
19. To observe and comply with basic principles of professional and general ethics when conducting transactions in the field of real estate.
20. To utilize modern information technologies in one's activity.
21. To collect information for optimal management decision-making.
22. To assess the internal and external environment of real estate management.
23. To analyse processes and synthesize measures for the execution of real estate management operations.
24. To utilize economic activity analysis methods in the field of real estate.
25. To identify and use alternative solutions for the use of real estate.
26. To implement regularities of real estate economics in decision-making.
27. To utilize a variety of management quantitative techniques in decision-making.
28. To utilize forecasting methods and results thereof in accordance with a company's goals and objectives.
29. To assess the impact of risk on a company's operations.
30. To utilize real estate improvement methods in order to increase value thereof.
31. To comply with labour safety, fire safety and environmental protection requirements.
32. To use professional terminology in the official language and at least one foreign language.
33. To know the official language.
34. To know at least two foreign languages at the communication level.
35. To observe the standards of the legal employment relationship.



Knowledge:

1. To be aware of and understand general and specific development trends in real estate management.
2. To have good knowledge and understanding of factors influencing a real estate's value.
3. To understand the causes of processes taking place in the real estate market and assess potential consequences.
4. To know management techniques.
5. To understand the impact of regulatory enactments on the macroeconomic processes and the real estate market.
6. To understand the short and long-term impact of real estate transactions on the environment.
7. To consider the various social and political processes and predict impact thereof on economic activities in the real estate sector.
8. To know and understand accounting operations and financial transactions.
9. To understand the operation of the financial sector, banking and investment funds.
10. To have a good knowledge of the state's fiscal and monetary policy.
11. To analyse any problems, understand causes thereof and formulate a company's objectives in the field of property management.
12. To use logical approaches, analyses and syntheses, induction and deduction, quantitative and qualitative, as well as other methods to solve problems identified with respect to increasing a real estate's value.
13. To utilize psychological, economic and other methods of management.
14. To utilize strategic and tactical planning methods.
15. Utilizing methods of management, to ensure effective communication and interaction with customers.
16. To utilize methods of determining investment project efficiency.
17. To develop and present investment projects in the field of real estate.
18. To utilize a variety of real estate valuation techniques and improvement methods.
19. To observe and comply with basic principles of professional and general ethics when conducting transactions in the field of real estate.
20. To utilize modern information technologies in one's activity.
21. To collect information for optimal management decision-making.
22. To assess the internal and external environment of real estate management.
23. To analyse processes and synthesize measures for the execution of real estate management operations.
24. To utilize economic activity analysis methods in the field of real estate.
25. To identify and use alternative solutions for the use of real estate.
26. To implement regularities of real estate economics in decision-making.
27. To utilize a variety of management quantitative techniques in decision-making.
28. To utilize forecasting methods and results thereof in accordance with a company's goals and objectives.
29. To assess the impact of risk on a company's operations.
30. To utilize real estate improvement methods in order to increase value thereof.
31. To comply with labour safety, fire safety and environmental protection requirements.
32. To use professional terminology in the official language and at least one foreign language.
33. To know the official language.
34. To know at least two foreign languages at the communication level.
35. To observe the standards of the legal employment relationship.

Reference Data

EQF Level:
Thematic area:
Information Language:
Location:
NQF Level: 
7
Awarding body: 

- Riga Technical University

Awarding body contact info: 

KAĻĶU IELA 1, RĪGA, LV-1050
Tālr.: 67089300
Fakss: 67820094
E-pasts: rtu@rtu.lv

Source of information: 
National occupation classification: 

ISCO-08

Relationship type: 

Real estate economist (3339 13)

Access requirements: 

Higher education qualification of LQF level 6 (bachelor, professional bachelor or professional higher education qualification) in the same or compatible branch of science or professional field of higher education, as well as a certain professional experience laid down by higher education institution

Ways to acquire: 

Formal (through education programmes)