Overview
The Certified Residential Underwriter (CRU) designation is for people who assess and underwrite real estate investments. This is ideal for lending professionals, investment analysts, financial institutions, and anyone responsible for evaluating the viability and risk profile of real estate projects.
Program Requirements
All courses are delivered entirely online and include written materials, online videos, and a Course Resources webpage.
Step 1: Foundational CPD Courses
Students are required to complete the following two Continuing Professional Development (CPD) courses. While it is recommended that these foundational CPD courses be completed before beginning the BUSI courses, they are not a formal prerequisite.
CPD 130 - Residential Valuation Basics
This course introduces the principles and approaches of real estate valuation for the non-appraiser, with an emphasis in residential properties.
CPD 131 - Commercial Appraisal Basics
Follows from CPD 130, with emphasis on commercial properties including apartments, offices, retail, and industrial properties.
Step 2: Core BUSI Courses
BUSI 121 is a prerequisite for BUSI 221 and must be successfully completed prior to enrolling in BUSI 221. Both BUSI 121 and BUSI 330 are pre-requirements for BUSI 331 and must be successfully completed prior to enrolling in BUSI 331.
BUSI 121 - Foundations of Real Estate Mathematics
This course introduces the techniques of investment and statistical analysis in a real estate context.
BUSI 221 - Real Estate Finance in a Canadian Context
This course examines the Canadian mortgage market and applies real estate financial analysis to loan underwriting, refinancing, and financing methods.
BUSI 330 - Foundations of Real Estate Appraisal
Introduction to real estate valuation, covering the appraisal profession in Canada, the valuation process, and the three classic approaches for residential and commercial properties.
BUSI 331 - Real Estate Investment Analysis and Advanced Income Appraisal
Valuation techniques for income real estate, including income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology.
Learning assessments vary depending on the course:
- CPD 130 and 131 each include a multiple-choice final quiz
- BUSI 121, 221, 330, and 331 each include weekly multiple-choice assessments, two written projects, and a final written examination
Expect to commit approximately 10 hours for each of CPD 130 and 131, and at least ten hours per lesson for the remaining courses. CPD courses are completed on demand; they can be registered for and started at any time, and must be completed within one year of enrolling. BUSI courses run on a term basis and must be completed over the course of the term (approximately four months), with the possibility to transfer terms if needed. Students can decide how many courses to take at a time, although pre-requisites may determine the order that courses must be taken. Assistance with the course material is available from our course tutors, through email or telephone. In addition, there are many other helpful resources available to students through the Real Estate Division course resources webpages.
At a Glance
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Delivered Online |
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CPD: Self-paced, open enrollment (start anytime) BUSI: Scheduled, term-based (Sept, Jan, May) |
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CPD: Complete within 1 year BUSI: 3–4 month courses |
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2 CPD courses + 4 BUSI courses (6 total) |
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Total tuition from $5,515 |
If you are interested in pursuing the CRU designation, please visit the REIC website and fill out the Application form.
Registration
If you are interested in pursuing the CRU designation, please visit the REIC website and fill out the Application form.
If you are interested in pursuing the CRU designation, please visit the REIC website and fill out the Application form.
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