scps-real-estate

REAL ESTATE SUMMER 2009 The following information is taken from the summer 2009 SCPS bulletin. Please note that changes are made to course schedules and locations, and new offerings are added on a continuing basis. Visit our website for the most up-to-date program information: www.scps.nyu.edu A N N O U N C E M E N T  F O R  s U M M E R  2 0 0 9  V O l .  C x i , N O . 2 , M A R C h 9  2 0 0 9 HOW TO REGISTER WEB: scps.nyu.edu 24 HOURS A DAY Payment: Visa, MasterCard, Discover, American Express MAIL Mail registrations are accepted throughout the semester and must be postmarked at least two weeks before the course start date. Use the postage-paid registration form at the back of this Bulletin. Payment: Visa, MasterCard, Discover, American Express, Check SUMMER TERM CALENDAR Summer Classes Begin Monday, May 18 TELEPHONE: (212) 998-7150 Now through May 1: Monday–Thursday, 9. a.m.–6 p.m., Friday 9. a.m.–5 p.m.* Extended hours, May 4–22: Monday–Thursday, 9. a.m.–7 p.m.; Friday, 9. a.m.–5 p.m. Payment: Visa, MasterCard, Discover, American Express Memorial Day Monday, May 25 All classes cancelled. IN PERSON 145 Fourth Avenue, 2nd Floor Now through May 1: Monday–Thursday, 9 a.m.–6 p.m.; Friday, 9 a.m.–5 p.m.* Extended hours, May 4–22: Monday–Thursday, 9. a.m.–7 p.m.; Friday, 9. a.m.–5 p.m. Payment: Visa, MasterCard, Discover, American Express, check, or money order payable to New York University. Independence Day Friday, July 3 All classes cancelled. FAX: (212) 995-3060 24 HOURS A DAY Payment: Visa, MasterCard, Discover, American Express Register now for the best course selection and availability. You may register during the semester according to the schedules and procedures in the Registration section of this Bulletin. Courses begin throughout the term. NEED TO CHECK CLASS LOCATIONS OR TIMES? You can log in to your online account at scps.nyu.edu to view your course details, including class locations, room numbers, dates, and times, or call the number below. Call: (212) 998-7200 EDUCATION ADVISEMENT NOT SURE WHAT TO TAKE? Need advisement on a continuing education course or certificate, or need help deciding what to take? Our education advisors are available to help you in person, by phone, or by e-mail. IN PERSON 145 Fourth Avenue, 2nd Floor (between 13th and 14th Streets) Now through May 1: Monday–Thursday, 9 a.m.–6 p.m.; Friday until 5 p.m.* Extended hours, May 4–22: Monday–Thursday, 9 a.m.–7 p.m.; Friday, 9 a.m.–5 p.m. TELEPHONE: (212) 998-7171 For an advisor specific to your area of interest, see the General Information section of this Bulletin. Now through May 1: Monday–Thursday, 9 a.m.–6 p.m.; Friday until 5 p.m.* Extended hours, May 4–22: Monday–Thursday, 9 a.m.–7 p.m.; Friday, 9 a.m.–5 p.m. NEED TO DROP A COURSE? You may drop a course by mail or in person (145 Fourth Avenue, 2nd Floor, New York, NY 10003), online at scps.nyu.edu/drop, or by fax (212-995-3060) up until one day before the course start date. If you wish to withdraw from a course after the first class has met, please consult our refund policy in the Registration section of this Bulletin. E-MAIL: advice.scps@nyu.edu WE WELCOME YOUR FEEDBACK At NYU-SCPS, students are our number one priority. That’s why we want to hear about your experiences with SCPS. We invite your questions, comments, and suggestions. Call: (212) 998-7171 Web: scps.nyu.edu/feedback ON THE COVER: ANDREA DEZSÖ Andrea Dezsö creates deeply personal and narrative visual art informed by the psychology and history of childhood memories growing up under communism. Working in a rich variety of media, including the intricate paper cutout on the cover, Dezsö's work has been shown at the Museum of Arts and Design, the Jack Tilton Gallery (New York), the New York Armory Show, and Art Basel Miami Beach, and featured in ArtForum, the New York Times, and the Village Voice. She is Assistant Professor of Media Design at Parsons, the New School for Design in New York City. * Telephone and in-person registration may be suspended or altered due to holiday observance. WEB SCPS.NYU.EDU | E-MAIL SCPSINFO@NYU.EDU REAL ESTATE click here for department website REAL ESTATE Our courses in real estate help industry professionals stay on the leading edge in today’s market. You can also fulfill your New York State continuing education requirements. Those new to the field can prepare for the salesperson’s licensing or appraisal examinations. Other courses cover finance, development, leasing, facility and property management, title issues, and more. Courses are offered through the NYU Schack Institute of Real Estate at NYU-SCPS. Our offerings in Real Estate include: • More than 500 continuing education courses and seminars offered annually through the NYU Schack Institute of Real Estate. • Professional certificate programs: Facility Management (page 5), Real Estate Finance and Investment (page 8), and Property Management (page 9). • National conferences in capital markets and REIT mergers and acquisitions featuring distinguished speakers who offer their professional expertise and predictions in real estate market trends (this page). • Master of Science in Real Estate which provides a thorough grounding in the analysis, development, financing, and operation of investment property worldwide. A Graduate Certificate in Real Estate is also offered through the program. • Summer Intensives: Business of Real Estate: Finance and Investment, Real Estate Development, Real Estate Asset Management, and Real Estate Investment Decision Analysis (page 6). For information, visit scps.nyu.edu/realestate or call (212) 998-7272 to speak to an education advisor. Weekend Investment Workshops These workshops are not applicable to the certificate programs in real estate. What Everyone Should Know About Real Estate R62.9701/$225 M Sec. 201: Sat. 9.30 a.m.–4 p.m., May 16. Milton H. Pachter, general attorney and senior litigation counsel, Port Authority of New York and New Jersey. Learn the fundamentals of real estate in today’s market. Get an introduction to buying, selling, leasing, and investing in real estate for profit. Topics include the nature and scope of real estate; real estate as an investment; financing and mortgages; ownership and interests; contracts and deeds; real estate taxes; condominiums and co-ops; leases, rent regulations, and appraisals; and dealing with brokers. Investing in Income-Producing Real Estate R62.9703/$225 M Sec. 201: Sat. 9.30 a.m.–4 p.m., June 27. Guthrie Garvin, director–sales, Massey Knakal Realty Services. Learn the principles of real estate investment and discover practical opportunities to invest in real estate with modest sums, starting with an initial investment of $40,000 or more. Special attention is given to structuring and analyzing deals and calculating the return on investment. All types of properties are discussed. Purchasing Brownstones and Other Small-Sized Investment Properties R62.9705/$225 M Sec. 201: Sat. 9.30 a.m.–4 p.m., June 13. Steven Epstein Are you considering whether to buy a brownstone or small income-producing property in Manhattan or nearby? Prospective purchasers, buyer-occupants, and investors make the wisest decisions when they’re well informed. In this seminar, essential topics include finding good buys in today’s market, evaluating a building’s physical condition, renovating possibilities and costs, and legal considerations. Financing techniques and lender programs are emphasized. Estate Planning With Real Estate Assets R62.9707/$225 M Sec. 201: Sat. 9.30 a.m.–4 p.m., July 18. John P. Bradbury, attorney, Law Office of John P. Bradbury. Learn key estate-planning strategies involving real estate to reduce or defer taxes, protect assets, and avoid liabilities. Topics include estate planning with real estate general principles and valuation issues; sophisticated asset protection techniques; how partnerships and limited liability companies really work; and the mechanics of strategies such as personal residence trusts, domestic and offshore trusts, charitable gifts of real estate, and like-kind exchanges. CONTENTS Salesperson’s and Broker’s Licensing and Continuing Education Appraisal Licensing, Certification, and Continuing Education Facility Management Finance, Investment, and Development Property Management Seminars: Daytime 2 4 5 6 8 9 Buying Foreclosed Real Estate R62.9706/$225 M Sec. 201: Sat. 9.30 a.m.–4 p.m., June 20. Jessica L. Davis, president and publisher, Profiles Publications, Inc. Buying a foreclosed residential property may mean finding the buy of a lifetime or buying someone else’s mistake. How do new investors find these properties, judge their potential, and choose a winning property? Topics in this introductory course include sources of properties, understanding the process, forecasting financing costs, analyzing necessary property improvements, and closing the deal. NYU SCHACK INSTITUTE NATIONAL CONFERENCES The NYU Schack Institute of Real Estate hosts a selection of national conferences in premier midtown hotels. Each conference presents a distinguished panel of speakers who offer their expertise in real estate market trends and predictions. Conferences include: • Capital Markets and Pension Fund Investment in Real Estate Waldorf=Astoria Hotel, fall 2009 • REIT Mergers and Acquisitions, spring 2010 For more information, visit scps.nyu.edu/realestate. 1 WEB: SCPS.NYU.EDU E-MAIL: SCPSINFO@NYU.EDU REAL ESTATE SALESPERSON’S AND BROKER’S LICENSING AND CONTINUING EDUCATION Licensing Requirements Salesperson’s License Requirements: Potential salespersons must complete the 75-hour New York Real Estate Salesperson’s Course/X61.9503 before applying for the New York State license. They must also be sponsored by a licensed broker and pass the state examination. Those who have successfully completed a 45hour New York State Real Estate Salesperson’s course and do not have the NYS Salesperson’s license must complete the New York Real Estate Salesperson’s Remedial Course/X61.9505 to meet the 75-hour requirement. Broker’s License Requirements: Students seeking a broker’s license must complete the 75-hour New York Real Estate Salesperson’s Course/X61.9503 or have a waiver from the state, and the 45-hour New York Real Estate Broker’s Course/X61.9601. Additional requirements include experience in the field and passing a state licensing examination. For general information about these courses, call (212) 998-7272. Attendance Requirements for License Qualifying Courses: New York State has stringent attendance requirements for the successful completion of the salesperson’s and broker’s licensing course. To earn a statement of satisfactory completion, students must meet attendance requirements in the lecture portion of each course. For more information, call the New York State Division of Licensing Services at (518) 474-4429 or visit dos.state.ny.us/lcns/realest.html. Textbook: The required text for the salesperson’s and broker’s courses is Modern Real Estate Practice in New York for Salespersons, 10th edition, by Sam Irlander. The required text for the broker’s courses is Modern Real Estate Practice in New York for Brokers, 10th edition, by Edith Lank. Students should purchase the textbook before the first class. Textbooks are available at the NYU Main Bookstore, 18 Washington Place, (212) 998-4667. INFORMATION SESSION Real Estate: Sales, Appraisal, Finance, Investment, Development, and Management Thursday, 6–8 p.m., April 30 Woolworth Building 15 Barclay Street, 2nd Floor Information sessions include presentations on curriculum and a chance to ask questions of faculty and staff. No RSVP is required, but please be punctual. For more information, call (212) 998-7171. Real Estate Salesperson’s Marketing Techniques Workshop R61.0135/$195 M Sec. 201: Fri. 9 a.m.–3 p.m., July 31. Laura Kelson, marketing and business development consultant. This seminar provides a valuable follow-up to the New York Real Estate Salesperson’s Licensing Course. The salesperson’s course covers license law, regulations and professional practice, but salespersons should not overlook the need to develop a professional business plan. This seminar shows newly licensed salespersons marketing tools and techniques, including developing a winning salesperson’s bio and personalized marketing pieces; making successful cold calls to prospects and developing oneon-one listing pitches; holding effective open houses; showcasing property listings to their best advantage; understanding markets, such as first-time buyers, renters, and second home buyers; networking and increasing your business; building an e-mail database from scratch; and keeping solid client relationships for a lifetime. Examination Procedures Every Tuesday (by reservation), the New York Department of State administers the real estate salesperson’s licensing examination. Applicants for the salesperson’s license must be 18 years of age and have successfully completed an approved 75hour real estate salesperson’s course, or must complete it within two years after taking the examination. Please visit dos.state.ny.us/lcns/realest.html to schedule your New York State exam appointment. You must register for the exam online; seats fill up quickly. We recommend that you schedule your appointment promptly after registering for the NYU course. LICENSING QUALIFYING COURSES Salesperson’s License Qualifying Courses New York Real Estate Salesperson’s Course X61.9503/$595 M Sec. 1: Mon.–Fri. Sat. Sun. 9 a.m.–6 p.m., June 12–29 (10 sessions). M Sec. 2: Mon.–Fri. 9 a.m.–6 p.m., Aug. 10–21 (10 sessions). M Sec. 3: Tues. Thurs. 10 a.m.–3 p.m., May 26–July 23 (16 sessions). John A. Viteritti, real estate consultant. V Sec. 4: Dates and hours to be arranged, May 18–Aug. 31 (26 sessions). Prepare for the New York State real estate salesperson’s examination with this mandatory license qualifying course. Topics include license law and regulations, law of agency, real estate instruments, estates and interests, real estate financing, land use regulations, an introduction to construction, valuation, human rights issues, fair housing law, real estate mathematics, and environmental issues. Students taking the online section of this course have the option of proceeding at their own pace. The final exam in this section is issued on campus. Students are encouraged to attend a review session on campus prior to the final exam. Broker’s License Qualifying Courses New York Real Estate Broker’s Course X61.9601/$495 M Sec. 1: Fri. Sat. Sun. 9 a.m.–5.30 p.m., May 29–June 7 (6 sessions). M Sec. 2: Tues. Wed. Thurs. 9 a.m.–5.30 p.m., July 28–Aug. 6 (6 sessions). Completion of this 45-hour course, together with the 75-hour New York Real Estate Salesperson’s Course, is required to apply for a New York State real estate broker’s license. Topics include management and supervision of a real estate office, real estate agency disclosure, real estate financing, real estate investment, property management, general business law, conveyance of real property, construction and development, taxes and assessments, title closings and costs, and local concerns. Prerequisite: New York Real Estate Salesperson’s Course/X61.9503. Licensing Courses New York State requires two specific license qualifying courses: a 75-hour New York Real Estate Salesperson’s Course/X61.9503 and a 45-hour New York Real Estate Broker’s Course/X61.9601 (accelerated). Continuing Education New York State real estate licensees must complete 22.5 hours of approved real estate continuing education every two years prior to the date of license renewal. The 22.5 hours must include at least three hours of instruction pertaining to fair housing and/or discrimination in the sale or rental of real property or an interest in real property. The initials NYCEM in a course description indicate that it is an approved module for the number of hours indicated, and an italicized note in the course description will indicate which courses include the three-hour fair housing requirement. For further information, call the New York State Division of Licensing Services at (518) 474-4429 or visit the division’s website at dos.state.ny.us/lcns/realest.html. New York Real Estate Salesperson’s Remedial Course X61.9505/$350 M Sec. 1: Thurs.–Sun. 9 a.m.–6 p.m., July 16–19 (4 sessions). This 30-hour supplement course is for those students who have successfully completed the 45-hour New York Real Estate Salesperson’s Course and now need to meet the new 75-hour licensing course requirement. Topics include license law and regulations, law of agency, real estate instruments, estates and interests, real estate financing, land use regulations, an introduction to construction, valuation, human rights issues, fair housing law, real estate mathematics, and environmental issues. Web For the most up-to-date course information and to register online, visit: scps.nyu.edu M Meets at NYU Midtown Center, 11 W. 42nd St. V Online course. TO REGISTER: (212) 998-7150 FOR MORE INFORMATION AND ADVISEMENT: (212) 998-7171 2 REAL ESTATE APPROVED COURSES FOR SALESPERSON’S AND BROKER’S CONTINUING EDUCATION MONTH May DATES 5/01–5/15 5/13 5/16 5/18–7/27 5/18–7/13 5/18 5/18–7/13 5/19–7/21 5/19–7/7 5/19–7/7 5/19–7/7 5/19–7/7 5/20–7/22 5/20–7/22 5/20–7/8 5/21 5/21–7/9 5/26–7/14 5/28–5/29 DAY/EVE Day Day Day Eve Eve Day Eve Eve Eve Eve Eve Eve Eve Eve Eve Day Eve Day Day Day Day Day Day Day Day Day Day Day Day Day Day Day Day C.E. HOURS 22.5 7.5 7.5 15 15 7.5 15 15 15 15 15 15 15 15 15 7.5 15 15 15 7.5 7.5 7.5 15 7.5 15 22.5 7.5 7.5 15 22.5 7.5 7.5 22.5 COURSE X61.9400-001 Real Estate Cash Flow Analysis R61.0250-201 HP 12c Financial Calculator for Real Estate Investment Analysis R61.0250-202 HP 12c Financial Calculator for Real Estate Investment Analysis X62.9402-001 Real Estate Development Process X62.9351-001 Real Estate Financial Analysis I R61.0250-203 HP 12c Financial Calculator for Real Estate Investment Analysis X62.9110-002 Real Estate Investment Analysis: Analyzing the Deal X63.9027-001 Commercial Property Management X62.9110-001 Real Estate Investment Analysis: Analyzing the Deal X62.9147-001 Fundamentals of Real Property Law X62.9351-002 Real Estate Financial Analysis I X62.9315.001 Real Estate Investment Opportunities and Techniques X63.9026-001 Residential Property Management X62.9402-002 Real Estate Development Process X62.9353-001 Real Estate Financial Analysis II R61.1721-201 Zoning Lot Mergers, Subdivisions, and the Transfer of Development Rights X62.9351-003 Real Estate Financial Analysis I X62.9351-004 Real Estate Financial Analysis I R61.0040-201 Understanding and Negotiating Commercial Leases R61.0225-201 Fundamentals of Real Estate Law R61.0605-201 Fundamentals of Retail Real Estate R61.0460-201 Fundamentals of Real Estate Finance R61.0400-201 How to Inspect and Evaluate the Physical Condition of a Property R61.1266-201 Analyzing the Real Estate Investment Deal X61.9157-001 Managing Residential Property R61.0057-201 Real Estate Investment and Development: Multifamily Projects and Deals X61.9705-001 Fair Housing and Civil Rights R61.0150-201 Real Estate Investment and Income Analysis X61.9108-001 Commercial Real Estate Finance: Trends and Outlook R61.0153-201 Demystifying Real Estate Finance R61.1269-201 Commercial Real Estate Workouts and Owned Real Estate X61.9700-001 Update on Real Estate Practices PAGE 4 9 9 7 6 9 7 8 7 7 6 7 8 7 6 9 6 6 9 9 9 10 10 10 4 10 4 10 4 10 10 4 June 6/04 6/05 6/09 6/09–6/10 6/16 6/18–6/19 6/23–6/25 6/25 6/25 R61.2000-201 Construction Essentials for Real Estate Owners, Managers, and Developers 9 July 7/09–7/10 7/14–7/28 7/16 7/19 August 8/28–8/30 3 WEB: SCPS.NYU.EDU E-MAIL: SCPSINFO@NYU.EDU REAL ESTATE Daytime 22.5-Hour Continuing Education Courses Fair Housing and Civil Rights X61.9705/$195 M Sec. 1: Thurs. 9 a.m.–5.30 p.m., June 25. Mary Ann Hallenborg, Esq., partner, Hallenborg-Heine, LLC. Acquire an understanding of the federal, state, and city laws that guarantee persons the right to buy, sell, lease, hold, and convey property without discrimination on the basis of race, color, religion, gender, sexual preference, or national origin. Learn the genesis of fair housing complaints and lawsuits, who is protected under anti-discrimination laws— and who must follow them—as well as the legal remedies and penalties for violations. Also covered are rules pertaining to real estate advertising and the special rights of the disabled to physical modifications and reasonable accommodations. This course fulfills the three-hour fair housing requirement for New York State real estate salespersons and brokers. NYCEM-7.5 hours. Fair Housing-3 hours. Update on Real Estate Practices X61.9700/$295 M Sec. 1: Fri. Sat. Sun. 9 a.m.–5.30 p.m., Aug. 28–30 (3 sessions). Milton H. Pachter, general attorney and senior litigation counsel, Port Authority of New York and New Jersey. Examine recent cases and rulings affecting sales and brokerage practices in New York. Topics include commission, disciplinary issues, land use with emphasis on valuation and environmental impacts, leasing, and real estate contracts. This course fulfills the three-hour fair housing requirement for New York State real estate salespersons and brokers. NYCEM-22.5 hours. Fair Housing-3 hours. THE JACK BRAUSE LIBRARY AND INFORMATION CENTER The Jack Brause Library and Information Center, located within the NYU Schack Institute of Real Estate at 11 West 42nd Street, is devoted exclusively to the subject matter of the building industry and is the most comprehensive facility of its kind. It is a reliable source of information covering all aspects of the real estate and construction industries, including magazines, journals, market reports, statistical and economic data, books, maps, and specialized databases. The collection emphasizes the New York metropolitan tristate area and includes extensive information on U.S. national markets and some international markets. APPRAISAL LICENSING, CERTIFICATION, AND CONTINUING EDUCATION The courses offered in this section satisfy the educational requirements for New York State Licensed and Certified General Appraisers. For the nonlicensee, these courses provide the basis of understanding real estate valuation. Managing Residential Property X61.9157/$295 M Sec. 1: Tues. Wed. Thurs. 9 a.m.–5.30 p.m., June 23–25 (3 sessions). John A. Viteritti, real estate consultant. Learn the skills necessary to professionally and profitably manage residential properties, including rentals, condominiums, cooperatives, townhouses, planned unit developments, mixed-use properties, staff housing, and government-assisted housing. Topics include the management agreement and plan; obligations of principal and agent; agent compensation; hiring administrative, maintenance, and security staff; renting and selling units; leases, proprietary leases, and title transfers; accounts receivable; accounts payable; maintenance and security; government-subsidized housing; tenant associations; boards of directors; and boards of managers. NYCEM-22.5 hours. Fair Housing-3 hours. NEW YORK STATE LICENSING AND CERTIFICATION New York State certification of real estate appraisers includes both an experience and an education requirement. Our approved program fulfills the education requirements. The educational requirements for the state categories offered here are: Appraiser Assistants/Licensed Residential: 150 hours Real Estate Cash Flow Analysis X61.9400/$295 M Sec. 1: Fri. 9 a.m.–5.30 p.m., May 1–15 (3 sessions). Ciro R. Trotta, principal, American Financial & Banking Consultants. Acquire a solid understanding of real estate cash flow analysis. The course begins with an overview of financial calculator keystrokes and techniques, then advances to calculations and measurements employed in quantitative real estate investment and income property analysis, including lease-by-lease analysis. Concepts and measurements include the time value of money, yield calculations (IRR), the real estate cash flow model, net operating income (NOI), cash-oncash return, net present value (NPV), discounted cash flow, residual value, capitalization rate, debt service, amortization and the implications of leverage on investment returns, depreciation, and capital gains. HP 12c financial calculator required. No grades are issued. Not applicable to the certificate program. NYCEM-22.5 hours. ACEM-28 hours. X62.7111 X62.7121 X62.7410 X62.7131 X62.7141 X62.7151 X62.7161 Basic Appraisal Principles (R5) Basic Appraisal Procedures (R6) 15-Hour National USPAP Residential Market Analysis and Highest and Best Use (R7) Residential Appraiser Site Valuation and Cost Approach (R8) Residential Sales Comparison and Income Approach (R9) Residential Report Writing and Case Studies (R10) Certified Residential: 200 hours plus associate’s degree or 21 semester hours Commercial Real Estate Finance: Trends and Outlook X61.9108/$295 M Sec. 1: Tues. 9 a.m.–5.30 p.m., July 14–28 (3 sessions). Learn about the financing of incomeproducing properties and portfolios, reviewing mortgages, underwriting techniques, and structures. Topics include conventional loans, participating loans, and wraparound loans; construction financing; commercial mortgage-backed securities (CMBS); Wall Street investment funds; REITs; government agency financing; sale-leasebacks; equity investments; and joint ventures. This course fulfills the three-hour fair housing requirement for New York State real estate salespersons and brokers. NYCEM-22.5 hours. Fair Housing-3 hours. X62.7111 X62.7121 X62.7410 X62.7131 X62.7141 X62.7151 X62.7161 X62.7321 Basic Appraisal Principles (R5) Basic Appraisal Procedures (R6) 15-Hour National USPAP Residential Market Analysis and Highest and Best Use (R7) Residential Appraiser Site Valuation and Cost Approach (R8) Residential Sales Comparison and Income Approach (R9) Residential Report Writing and Case Studies (R10) Statistics, Modeling, and Finance Advanced Residential Applications and Case Studies (R11) Certified General: 300 hours plus bachelor’s degree or 30 semester hours X62.7111 X62.7121 X62.7410 X62.7321 X62.7331 X62.7341 X62.7351 X62.7361 Basic Appraisal Principles (R5) Basic Appraisal Procedures (R6) 15-Hour National USPAP Statistics, Modeling, and Finance General Appraiser Sales Comparison Approach (G5) General Appraiser Site Valuation and Cost Approach (G6) General Appraiser Income Approach (G7) General Appraiser Report Writing and Case Studies (G8) Courses must be taken in sequence and attendance requirements must be met. For further licensing and exam information, contact the New York Department of State at (518) 474-4429 or visit dos.state.ny.us/lcns/realestate/index.html. M Meets at NYU Midtown Center, 11 W. 42nd St. TO REGISTER: (212) 998-7150 FOR MORE INFORMATION AND ADVISEMENT: (212) 998-7171 4 REAL ESTATE Basic Appraisal Principles (R5) X62.7111/$495 W Sec. 1: Fri. Sat. 9 a.m.–5 p.m., May 15–23 (4 sessions). William Migliore, appraiser, U.S. General Services Administration. This introductory course provides an overview of real estate property concepts and characteristics, legal considerations, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal practice. INFORMATION SESSION Real Estate: Sales, Appraisal, Finance, Investment, Development, and Management Thursday, 6–8 p.m., April 30 Woolworth Building 15 Barclay Street, 2nd Floor Information sessions include presentations on curriculum and a chance to ask questions of faculty and staff. No RSVP is required, but please be punctual. For more information, call (212) 998-7171. CERTIFICATE IN FACILITY MANAGEMENT As facility management becomes more sophisticated, corporations are recognizing that the facility manager directly impacts their bottom line. This program is taught by working professionals associated with large corporations, who provide a complete overview of the role and responsibilities of the facility manager. Upon completion of the program, students have attained the following skill set: • Facility planning and development of corporate space. • Facility maintenance and repair programs. • Financial management, planning, and controls. • Project management and budgeting. • Workplace requirements to support businesses. • Environmental issues. • Office support systems and technology. • Purchasing, bidding, and negotiating. This certificate is awarded to students who successfully complete six courses— the following four required courses and two additional courses from the Real Estate and Construction areas. REQUIRED COURSES Principles of Facility Management I/ X63.9032 (this page) Principles of Facility Management II/ X63.9018 (this page) Facilities Planning and Project Management/X63.9047 (2009–10) Financial Management for Facility Managers/X63.9050 (2009–10) Make sure you qualify for your certificate! Read the schoolwide requirements on page 11. Basic Appraisal Procedures (R6) X62.7121/$495 M Sec. 1: Fri. Sat. 9 a.m.–5.30 p.m., June 19–27 (4 sessions). William Migliore, appraiser, U.S. General Services Administration. This course provides an overview of the fundamental real estate appraisal approaches to value; valuation procedures, including defining the problem; collecting and selecting data; analyzing, reconciling, and communicating the appraisal; geographic, geologic, location, and neighborhood characteristics; land/site considerations for highest and best use; improvements, including architectural styles, and types of construction and residential applications. Prerequisite: Basic Appraisal Principles (R5)/X62.7111. Real Estate Appraiser Continuing Education Real estate appraisers who hold state licenses or certifications must successfully complete 28 hours of approved continuing education every two years in order to renew their licenses or certifications. Courses showing the initials ACEM are approved by New York State toward appraiser continuing education for the number of hours shown. Analyzing Real Estate Transactions in a Depressed Market/R61.0136 (page 9) Reviewing Appraisal Reports in Declining Markets/R61.0137 (page 10) Forecasting Property Income and Expenses in a Volatile Market/ R61.0138 (page 10) Real Estate Cash Flow Analysis/X61.9400 (page 4) Commercial Real Estate Finance: Trends and Outlook/ X61.9108 (page 4) HP 12c Financial Calculator for Real Estate Investment Analysis/ R61.0250 (page 9) How to Inspect and Evaluate the Physical Condition of a Property/ R61.0400 (page 10) FACILITY MANAGEMENT Facility managers provide and maintain a physical working environment that best supports a business organization’s objectives and goals. To accomplish this task, today’s facility professionals must have a good working knowledge of facility planning and design, building technology and construction, project management, corporate finance, and building operations and maintenance management. Principles of Facility Management I X63.9032/$595 M Sec. 1: Wed. 6.20–8.20 p.m., May 20– July 22 (10 sessions). Teresa O. Malihan, architect. Get an overview of the role and responsibilities of facility management professionals in this two-part course. Topics include facility planning and development for corporate space needs (design, new construction, renovation, and relocation); facility project management (the management plan, budget, schedules, contracting and construction, purchasing, and move-in coordination); facility management manpower requirements (preventive maintenance programs, repair programs, and building security force); and financial planning and controls. General Appraiser Market Analysis and Highest and Best Use (G4) X62.7311/$495 M Sec. 1: Fri. Sat. 9 a.m.–5.30 p.m., June 5–13 (4 sessions). Dominick Pompeo, president, Diversified Valuation Group; and Fred A. DePascale, appraiser and consultant. This course discusses real estate market analysis, including market fundamentals, characteristics and definitions; supply and demand analysis; and highest and best use concepts, such as use test constraints, applications, and special considerations. Prerequisites: See educational requirements for Certified General Appraiser License. General Appraisal Sales Comparison Approach (G5) X62.7331/$495 M Sec. 1: Fri. Sat. 9 a.m.–5.30 p.m., July 10–18 (4 sessions). Dominick Pompeo, president, Diversified Valuation Group; and Fred A. DePascale, appraiser and consultant. This course covers the sales comparison approach including value principles and procedures, and the identification and measurement of adjustments and reconciliation. Prerequisites: See educational requirements for Certified General Appraiser License. Principles of Facility Management II X63.9018/$595 N Sec. 1: Thurs. 6.20–8.20 p.m., May 21– July 23 (10 sessions). Teresa O. Malihan, architect. Building on concepts covered in Principles of Facility Management I, this course covers facility planning and development for corporate space needs (design, new construction, renovation, and relocation); facility project management (the management plan, budget, schedules, contracting and construction, purchasing, and move-in coordination); facility management manpower requirements (preventive maintenance programs, repair programs, and building security force); and financial planning and controls. Prerequisite: Principles of Facility Management I/X63.9032. 5 WEB: SCPS.NYU.EDU E-MAIL: SCPSINFO@NYU.EDU REAL ESTATE Summer Intensives The Business of Real Estate: Finance and Investment X62.9630/$1,995 M Sec. 1: Mon.–Fri. 9 a.m.–4.30 p.m., June 8–12. M Sec. 2: Mon.–Fri. 9 a.m.–4.30 p.m., June 15–19. Increase your practical and strategic knowledge of real estate in the most exciting real estate market in the world—New York City. This intensive one-week program provides a solid foundation for understanding the high-stakes business of commercial real estate. Through exposure to actual cases, students understand the real issues involved in the creation of real estate assets and real estate value. Real Estate Development X63.9660/$1,995 M Sec. 1: Mon.–Fri. 9 a.m.–4.30 p.m., June 22–26. Matthew Kasindorf, Murray L. Levi, Stephen P. Peca, Michael D. Ross, and Ciro R. Trotta. FINANCE, INVESTMENT, AND DEVELOPMENT Whether you’re just starting out or an established finance and investment industry professional, we have courses to meet your needs and interests—from the fundamentals of real estate finance and cash flow analysis to real estate development planning and investment real estate syndication—and more. Introduction to Real Estate Finance X62.9100/$670 M Sec. 1: Tues. 3.30–5.30 p.m., May 19– July 21 (10 sessions). Ciro R. Trotta, principal, American Financial & Banking Consultants. M Sec. 2: Tues. 6.20–8.20 p.m., May 19– July 21 (10 sessions). Ciro R. Trotta M Sec. 3: Thurs. 6.20–8.20 p.m., May 21– July 23 (10 sessions). Barry Stein, president, Rohman & Stein Associates, Inc. V Sec. 4: Dates and hours to be arranged, May 18–Aug. 31 (10 sessions). Ciro R. Trotta Identify sources of capital and analyze the types of financing available in today’s residential and commercial real estate markets. Topics include mortgage instruments and notes; mortgage underwriting; the secondary mortgage market and securitization; financing income-producing properties, including shopping centers, office buildings, industrial buildings, and apartment houses; the lease as a form of financing; and the construction loan, second mortgage, and other interim loans. Note: Section 1 of this course is a blended course with half of the sessions on-site and half online. Sessions 1, 3, 5, 7, and 9 are held in a classroom. Even number sessions are online. Real Estate Financial Analysis I X62.9351/$640 M Sec. 1: Mon. 6.20–8.20 p.m., May 18– July 13 (8 sessions). Ciro R. Trotta, principal, American Financial & Banking Consultants. W Sec. 2: Tues. 6.20–8.20 p.m., May 19– July 7 (8 sessions). Robbin Orbison, real estate accountant/consultant. M Sec. 3: Thurs. 6–8 p.m., May 21–July 9 (8 sessions). Fred A. DePascale, appraiser and consultant. M Sec. 4: Tues. 3.30–5.30 p.m., May 26– July 14 (8 sessions). Ciro R. Trotta W Sec. 5: Sat. 9 a.m.–1 p.m., June 6–27 (4 sessions). Robert Meulmeester, senior manager, Deloitte Financial Advisory Services, LLP. Acquire a solid understanding of real estate cash flow analysis concepts with this financial calculator-based course. Examine the calculations and measurements employed in quantitative real estate investment and income property analysis, including financial calculator techniques, spreadsheet analysis, and lease-by-lease analysis. Concepts and measurements covered include net operating income (NOI), cash-on-cash return, internal rates of return (IRR), net present value (NPV), discounted cash flow, residual value, capitalization rate, debt service, the implications of leverage on investment returns, depreciation, and capital gains. Students must have familiarity with an HP 12c financial calculator or the equivalent. NYCEM-15 hours. Note: Section 4 of this course is a blended course with half of the sessions in class and half online. Sessions 1, 3, 5, and 7 are held in a classroom. Even number sessions are online. Delve into all aspects of the real estate development process and gain a solid understanding of the procedures, issues, and complexities that come into play in the development of real estate—from inception to occupancy. Study the phases of real estate development and acquire essential knowledge and skills. Case studies are used throughout the program. Real Estate Asset Management X63.9670/$1,995 M Sec. 1: Mon.–Fri. 9 a.m.–4.30 p.m., July 20–24. Alan Eldler, Sholem Friedman, Tom Guerts, Gerald Levy, Andrew V. Lofredo, and George Ross. Examine the techniques for increasing the value of real estate assets under management on behalf of ownership. Learn the components of asset management that directly affect the cash flow and underlying value of a single asset or a portfolio of assets. This one-week intensive examines the decision-making process from the property, asset, and portfolio management perspectives. Real Estate Investment Decision Analysis X63.9680/$1,995 NEW M Sec. 1: Mon.–Fri. 9 a.m.–4.30 p.m., July 13–17. Tom Guerts, Stephen Manaker, and Ciro R. Trotta. Further your understanding of commercial real estate investment decision analysis with applications of acquisition, renovation, reposition, and disposition considerations. This one-week intensive provides a framework of advanced financial economic principles and analytical techniques. Beginning with the creation of a cash flow pro forma statement and finding the appropriate discount rate based on the weighted average cost of capital (WACC), explore the effects of leverage and do a before- and after-tax investment analysis based on NPV and IRR. In addition, topics like corporate real estate own versus rent decision analysis, refinancing and prepayment decisions, and investment performance and benchmarking are explored. For details on all our summer intensive programs, visit scps.nyu.edu/summer or call (212) 998-7272. Real Estate Financial Analysis II X62.9353/$640 M Sec. 1: Wed. 6.20–8.20 p.m., May 20– July 8 (8 sessions). Mark Bieber, CFA, second vice president, New York Life Investment Management, LLC. Apply the real estate financial analysis concepts and mathematical techniques taught in Real Estate Financial Analysis I to four property types: office, residential, industrial, and retail. Advanced cash flow concepts introduced include exploring different debt/equity financing scenarios and examining their effect on the equity investor’s pre-tax cash flow; structuring/ calculating on the HP 12c preferred equity and initial equity distributions (waterfall concept); and the effect of tax and depreciation on cash flow and investment decision-making. Prerequisite: Real Estate Financial Analysis I/X62.9351 or equivalent experience. Students must have an HP 12c financial calculator. NYCEM-15 hours. Wondering what to take? advice.scps@nyu.edu (212) 998-7171 M Meets at NYU Midtown Center, 11 W. 42nd St. N Meets at Norman Thomas Center, 111 E. 33rd St. W Meets at the Woolworth Building, 15 Barclay St. V Online course. TO REGISTER: (212) 998-7150 FOR MORE INFORMATION AND ADVISEMENT: (212) 998-7171 6 REAL ESTATE Real Estate Financial Modeling Essentials Using Excel X62.9355/$640 M Sec. 1: Thurs. 6.20–8.20 p.m., May 21– July 9 (8 sessions). Matthew L. Rufrano, manager, KPMG. Learn to build financial models for the acquisition and refinancing of commercial real estate in this hands-on Excel course. Discover how to best organize and present your data to analyze real estate investments more efficiently. Topics include annual property operating statements; pro forma forecasting and preparation; discounted cash flow analysis; before- and after-tax net present value (NPV) and internal rates of return (IRR) calculations; integrating risk analysis into financial models; scenario and sensitivity analysis; using Excel data tables, goal seek, solver functions, and statistical tools; cost of capital; and portfolio management. Emphasis is on learning spreadsheet design and formula composition. Prerequisites: Real Estate Financial Analysis I/X62.9351 and II/X62.9353, or equivalent experience. Students must have prior knowledge of real estate investment analysis and a basic working knowledge of Excel. Mortgage Loan Originator Certification Course X61.9301/$495 NEW Financing Real Estate Development Projects X62.9127/$595 M Sec. 1: Thurs. 6.20–8.20 p.m., May 21– July 9 (8 sessions). Ira Nachem, vice president, Capital One Bank. Examine the real estate development finance process for new building projects and renovation projects. Whether you are an owner, borrower, investor, developer, lender, broker, contractor, or manager in the real estate industry, this course provides a useful in-depth study of the mechanics, motivations, and requirements of the parties involved in the construction loan (debt) process. Topics include types of loans; the development team; the lender’s credit criteria; the loan proposal; project hard and soft cost budget; the appraisal report; project feasibility; due diligence; construction contracts; legal documentation; guarantees; insurance and bonding; title insurance; liens; environmental reports; loan participations and assignments; the Building Loan Agreement (BLA); the funding process, requisitions, and loan administration; retainage; the lender’s engineer; project completion; and the takeout. Prerequisites: Introduction to Real Estate Finance/X62.9100 and the Real Estate Development Process/X62.9402 or equivalent experience. M Sec. 1: Tues. 6–9 p.m., May 19–June 23 (6 sessions). Dale R. Siegel, Esq., CEO/COO, Circle Mortgage Group. This course fulfills the educational requirement under Article-12E of the New York Banking Law, which states that an individual operating as a Mortgage Loan Originator (MLO) must complete 18 hours of approved education. Topics include applicable state and federal laws, education and registration requirements, reporting standards, fraud, ethics, types of property, amortization, types of mortgages, economic factors affecting interest rates, loan qualifiers, mortgage insurance, mortgage tax, refinancing, the mortgage term, loan application and documentation, closing, funding, and quality control. The Real Estate Development Process X62.9402/$640 M Sec. 1: Mon. 6.20–8.20 p.m., May 18– July 27 (10 sessions). M Sec. 2: Wed. 6.20–8.20 p.m., May 20–July 22 (10 sessions). Nicholas Michael Zampetti Learn the fundamental phases of the real estate development process. Property and project types covered include commercial office, multifamily, mixed-use, redevelopment, and urban infill. Topics include land assemblage, land use review, environmental procedures, design considerations, delivery methods, market feasibility, the project pro forma, capital and financing structures, dealing with professional and government agencies, contracts with partners and external parties, project life cycle, marketing, leasing, and property management. Prerequisites: Introduction to Real Estate Finance/ X62.9100 and Real Estate Financial Analysis I/X62.9351, or equivalent experience. Online course section not approved for New York State salesperson’s and broker’s continuing education. NYCEM-15 hours. Real Estate Portfolio and Risk Management X62.9641/$640 N Sec. 1: Mon. 6.20–8.20 p.m., May 18– July 13 (8 sessions). Ryan Severino, CFA, associate director–research and portfolio risk, MetLife Real Estate Investments. Gain an understanding of real estate investment performance through the examination of industry research and the application of analytical concepts and tools. Topics include investment objectives and strategies; due diligence; leverage; real estate investment cycles (both physical and financial market); portfolio diversification and risk reduction; reviews of asset performance; returns and pro forma expectations; expected returns versus stated yields; buy-hold-sell decision analysis; risk, return, and performance measurements; elements of portfolio theory; public and private real estate in a mixed asset portfolio; expected holding period; cost of capital; and asset allocation. Prerequisites: Real Estate Financial Analysis I/X62.9351 and II/X62.9353, and Market Analysis for Real Estate Investment and Development/ X62.9635. Real Estate Investment Analysis: Analyzing the Deal X62.9110/$640 M Sec. 1: Tues. 6.20–8.20 p.m., May 19– July 7 (8 sessions). Paul A. Salib, managing principal, Castellan Real Estate Partners. M Sec. 2: Mon. 6.20–8.20 p.m., May 18– July 13 (8 sessions). Jerome Sanzo, director, SBZ Select Investments. Learn how experienced investors analyze a commercial real estate deal and determine its potential for profitability. Topics include analyzing income and expenses, debt underwriting, equity return analysis, types of debt instruments and equity vehicles available in both public and private markets, and analytical performance techniques. An investment property case study via a mock transaction is conducted, bringing together various elements covered in the course. PC/calculator-based financial analysis techniques are utilized throughout the course. Prerequisites: Real Estate Financial Analysis I/X62.9351 or equivalent cash flow experience, plus familiarity with an HP 12c financial calculator (or equivalent) and PCbased spreadsheets. NYCEM-15 hours. Real Estate Investment Opportunities and Techniques X62.9315/$495 M Sec. 1: Tues. 6.20–8.20 p.m., May 19– July 7 (8 sessions). Learn how to analyze and structure investments in residential and commercial properties in light of current market conditions. Actual deals are examined. Topics include finding a property, negotiating the deal, financing techniques, how to syndicate the investment, converting rental properties to cooperative or condominium ownership, forming partnerships or other forms of ownership, and current tax law and its impact on investments. Transactions on multifamily, shopping center, loft, and office building deals are analyzed. NYCEM-15 hours. Affordable Housing Development X62.9642/$640 M Sec. 1: Tues. 6.20–8.20 p.m., May 19– July 7 (8 sessions). Ellen Kackmann, Wachovia Capital Markets, LLC. This course examines the world of affordable housing and the myriad programs that fall under this category. While reviewing the evolution of affordable housing in the United States, participants learn about specific programs and their objectives, with an emphasis on the New York market. Topics include specific financing mechanisms used to support the development of affordable housing; incentives for developers of affordable housing, such as inclusionary zoning and real estate tax reductions; an overview of compliance issues with regard to affordable housing programs; and the future of affordable housing. NEW Fundamentals of Real Property Law X62.9147/$595 M Sec. 1: Tues. 6.20–8.20 p.m., May 19– July 7 (8 sessions). Maria Marchiano, attorney. Acquire an understanding of legal concepts and issues involved in real estate investment, development, and ownership. Using primarily residential property cases, this course presents an overview of legal issues, which are important to understand within the context of real estate transactions. Topics include an introduction to real property law, real estate instruments, ownership entities, land acquisition and disposition, financing, management (leasing and environmental), land use regulation, and zoning regulation. NYCEM-15 hours. Commercial Leases X62.9031/$640 M Sec. 1: Wed. 6.20–8.20 p.m., May 20– July 8 (10 sessions). This course provides an in-depth analysis of the financial, managerial, and legal implications of office and retail leases. Topics include real estate taxes and escalation clauses, electricity, possession, tenant options, default provisions, lease cancellation, assignment and subletting, repairs/alterations, insurance and liability, negotiation, and the broker’s role in commercial leases. NYCEM-15 hours. 7 WEB: SCPS.NYU.EDU E-MAIL: SCPSINFO@NYU.EDU REAL ESTATE CERTIFICATE IN REAL ESTATE FINANCE AND INVESTMENT Acquire a complete understanding of how real estate investment and development deals are financed, structured, and accomplished for commercial properties. Upon completion of the program, students have covered topics including: • How to identify sources of capital and various forms of financing structures. • Mortgage instruments. • Real estate investment and analysis. • Valuation methods. • Underwriting methods. • Market analysis. • Deal structures. • The development process. • Real estate law. This certificate is awarded to students who successfully complete the required material by taking Option 1 (six courses—four required courses and two additional elective courses from the Real Estate Finance, Investment, and Development area) or the accelerated Option 2 (three real estate Summer Intensives). REQUIRED COURSES—OPTION 1 Introduction to Real Estate Finance/X62.9100 (page 6) Real Estate Financial Analysis I/ X62.9351 (page 6) Real Estate Investment Analysis: Analyzing the Deal/X62.9110 (page 7) The Real Estate Development Process/X62.9402 (page 7) ELECTIVES—OPTION 1 Choose two additional elective courses from the Real Estate Finance, Investment, and Development area. REQUIRED COURSES—OPTION 2 Summer Intensive in Real Estate Development/X63.9660 (page 6) Summer Intensive in Real Estate Asset Management/X63.9670 (page 6) Summer Intensive in the Business of Real Estate: Finance and Investment/ X62.9630 (page 6) Make sure you qualify for your certificate! Read the schoolwide requirements on page 11. Managing Building Systems and Maintenance II X63.9037/$595 W Sec. 1: Wed. 6.20–8.20 p.m., May 20– July 22 (10 sessions). Edward Donnelly, director–property management, Blumenfeld Development Group. Managing property requires a working knowledge of electrical power and lighting, elevators, fire alarm and communications systems, energy management, and emergency management. Focus on system fundamentals, operations, inspection and testing, retrofits, equipment, materials, and vendor relationships. It is strongly recommended that you also take Managing Building Systems and Maintenance I/ X63.9028 to gain a full understanding of building systems. Parts I and II may be taken concurrently. NYU SCHACK INSTITUTE OF REAL ESTATE It’s not about predicting a market change. ng market change. It’s about preparing for it. r it. MASTER OF SCIENCE IN REAL ESTATE The real estate market will change numerous times over the course of a career. erous time over the course of career. es t underscore not only the importance of or The challenges of the current environment undersco e not only the impor tance of understanding the cyclical nature of the business, but also the level of expertise business, but also the level of exper tise required to succeed—regardless of which way the market is headed. Over the last way the market is headed. Over the last a 40 years, the NYU Schack Institute of Real Estate has become the industr y’s most Estate has become the industry’s most respected institution of higher learning. rates theory with real-world application The Master of Science in Real Estate integrates theor y with real-world application ult y consists of leading industry authori in all phases of the real estate deal. Our faculty consists of leading industr y authorities, hands-on experts who will provide you with the insight and perspective to you with the insight and perspective to keep you at the forefront of this dynamic eld. eld. For mo e information For more information about the or f Master Science r Estate Master of Science in Real Estate,, visit: Residential Property Management X63.9026/$575 M Sec. 1: Wed. 6.20–8.20 p.m., May 20– July 22 (10 sessions). Joseph Bulfamante, director–management, Lawrence Properties. Study the practical aspects of managing multifamily properties, including implementing operational policies and supervising day-to-day operations. Topics include hiring and training staff; delegating ongoing general maintenance; overseeing building upkeep; maintenance contracts; leasing; resident relations; marketing strategies; rent and investment economics; insurance needs of the building, owner, and property manager; budgets; accounting and records; and physical management, including compliance with local building codes, regulations, and laws. The special needs of cooperative and condominium management and government-sponsored property management are discussed. NYCEM-15 hours. scps.nyu.edu/msre scps.nyu.edu/msre PROPERTY MANAGEMENT Skillful, professional management of properties is essential to bottom-line success. Competition for management positions has increased, making training, competence, and credentials essential. NYU offers the finest professional training, a certificate in property management, and certification from major professional organizations. Commercial Property Management X63.9027/$595 M Sec. 1: Tues. 6.20–8.20 p.m., May 19– July 21 (10 sessions). Valerie Coleman, RPA, property manager, CB Richard Ellis; and Kathleen Murphy, RPA, CPM, director– client services, Cushman & Wakefield, Inc. A study of the techniques and strategies for successful management of commercial buildings, this course analyzes both financial and physical management functions. Topics include various forms of real estate ownership, management agreements, budgeting and financial reports, standard operating procedures, marketing and leasing service contracts, insurance, plant and energy management, security and emergency procedures, and tenant labor and employee relations. NYCEM-15 hours. Managing Building Systems and Maintenance I X63.9028/$595 M Sec. 1: Thurs. 6.20–8.20 p.m., May 21– July 23 (10 sessions). Edward Donnelly, director–property management, Blumenfeld Development Group. Managing property requires a working knowledge of all aspects of building systems and maintenance, from air conditioning, boilers, and plumbing—including sprinklers—to facades, windows, roofs, and interior architectural finishes. Topics include system fundamentals, maintenance and repair, computerized maintenance management systems, effective labor utilization, environmental and safety issues, security, and budgeting. It is strongly recommended that you also take Managing Building Systems and Maintenance II/X63.9037 to gain a full understanding of building systems. Parts I and II may be taken concurrently. Faculty Learn from instructors who are leaders in their fields. For SCPS faculty bios, visit scps.nyu.edu/faculty. M Meets at NYU Midtown Center, 11 W. 42nd St. N Meets at Norman Thomas Center, 111 E. 33rd St. W Meets at the Woolworth Building, 15 Barclay St. TO REGISTER: (212) 998-7150 FOR MORE INFORMATION AND ADVISEMENT: (212) 998-7171 8 REAL ESTATE CERTIFICATE IN PROPERTY MANAGEMENT Effective management of building operations is critical to bottom-line success in real estate investment and ownership. This program covers both residential and commercial property management and includes topics ranging from marketing, leasing, accounting, and investment analysis to building systems and maintenance. Upon completion of the program, students have covered the following in depth: • Financial management. • Marketing and leasing. • Maintenance of property. • Budgeting and purchasing. • Security and emergency procedures. • Dealing with tenants. This certificate is awarded to students who successfully complete six courses— two required courses and four additional elective courses. REQUIRED COURSES Managing Building Systems and Maintenance I/X63.9028 (page 8) Managing Building Systems and Maintenance II/X63.9037 (page 8) ELECTIVES (Choose four) Commercial Property Management/ X63.9027 (page 8) Commercial Property Budgets and Reports/X63.9073 (2009–10) Real Estate Financial Analysis I/ X62.9351 (page 6) New York Real Estate Salesperson’s Course (75 Hours)/X61.9500 (2009–10) Commercial Leases/X62.9031 (page 7) Accelerated New York Real Estate Salesperson’s Course (75 Hours)/ X61.9501 (2009–10) Residential Property Management/ X63.9026 (page 8) Landlord/Tenant Law/ X63.9107 (2009–10) New York Real Estate Broker’s Course/X61.9601 (page 2) Complying With New York City Local Laws/X63.9020 (2009–10) Managing Interior Construction Projects/X63.9431 (scps.nyu.edu) Summer Intensive in Real Estate Asset Management/X63.9670 (page 6) Summer Intensive in the Business of Real Estate: Finance and Investment/ X62.9630 (page 6) Summer Intensive in Construction Project Management/X63.9650 (page 6) Make sure you qualify for your certificate! Read the schoolwide requirements on page 11. SEMINARS: DAYTIME Course numbers beginning with an R are not applicable to the certificate program. HP 12c Financial Calculator for Real Estate Investment Analysis R61.0250/$295 M Sec. 201: Wed. 9 a.m.–5.30 p.m., May 13. Fred A. DePascale, appraiser and consultant. M Sec. 202: Sat. 9 a.m.–5.30 p.m., May 16. Fred A. DePascale M Sec. 203: Mon. 9 a.m.–5.30 p.m., May 18. Fred A. DePascale This seminar presents a clear and confident approach to solving relatively complex financial and real property investment problems with the HP 12c calculator. Topics covered include the effects of mortgage financing; loan to value, annual debt, debt coverage ratios, and cash returns to equity; mortgage amortization; determining future values through compounding and present values by discounting expected cash flows; and internal rate of return. Begin with a detailed description of the keys and their functions, then move to basic investment examples. Each example receives a practical explanation to connect the keystrokes and the solutions to the practical world of investments. Students taking real estate courses, including real estate appraisal studies, benefit from this intensive hands-on workshop. HP 12c financial calculator required. NYCEM7.5 hours. ACEM-8 hours. Zoning Lot Mergers, Subdivisions, and the Transfer of Development Rights R61.1721/$295 M Sec. 201: Thurs. 9 a.m.–5.30 p.m., May 21. Caroline Harris, Esq., principal, Law Offices of Caroline G. Harris; and Michael Zenreich, principal, Michael Zenreich Architects. This seminar provides an understanding of the important zoning issues affecting real estate development. Topics include zoning concepts, lot mergers, transfer of development rights, New York City landmarks law, documentation required by the New York City Department of Buildings, zoning lot subdivisions, zoning calculations for floor area, open space, lot line windows, courtyards, and yards to the rear and side of buildings. NYCEM-7.5 hours. Construction Essentials for Real Estate Owners, Managers, and Developers R61.2000/$295 M Sec. 201: Fri. 9 a.m.–5.30 p.m., June 5. Richard Lambeck, P.E., principal, RL Project Management, Inc. Learn the fundamental elements of construction project management and how owners and developers of high-rise residential and commercial properties can make a difference in the success of a project. Topics include the project team and its roles and responsibilities; delivery methods; an overview of the project development process; the RFQ and RFP process; hard and soft development costs; contracts, including general conditions; budgeting and cost management; types of estimates; schedules; bidding and award procedures; change orders; claims management; insurance; surety bonds; and safety issues. NYCEM-7.5 hours. Understanding and Negotiating Commercial Leases R61.0040/$395 M Sec. 201: Thurs. Fri. 9 a.m.–5.30 p.m., May 28–29 (2 sessions). Stanton F. Roth, principal, S.F. Roth Realty, LLC. Negotiation strategies can make or break leasing deals, both new and renewal leases. Examine the principles of site selection and major clauses in office leases, including escalation, electricity, concessions, tenant improvements, and take-backs, assignment, subletting options of all kinds, and special agreements. Students must have familiarity with commercial leases. NYCEM-15 hours. NEW Analyzing Real Estate Transactions in a Depressed Market R61.0136/$295 M Sec. 201: Fri. 9 a.m.–4 p.m., June 5. Patrick A. Josephs, MAI, MRIS, principal, PATJO Appraisal Services, Inc. In uncertain markets, it is paramount that owners, managers, brokers, appraisers, and market analysts correctly interpret the data collected from real estate transactions. This seminar provides a step-bystep approach to dissecting a deal. Topics include analyzing marketing, sale, and ownership history; understanding the arms-length transaction; primary and secondary sources of transactional data; verification of transaction data including buyer, seller, date of sale, offer/acceptance date, contract date, and closing date; salesperson and seller concessions; financing concessions; seller financing; and cash equivalency calculation. ACEM-7 hours. Fundamentals of Real Estate Law R61.0225/$295 M Sec. 201: Thurs. 9 a.m.–5.30 p.m., June 4. Sholem Friedman, former chief–real estate and environmental law division, Port Authority of New York and New Jersey. This seminar presents an overview of legal concepts and issues that are important to understand within the context of real estate transactions. Topics include an introduction to real property law, real estate instruments, ownership entities, land acquisition and disposition, financing, management (leasing and environmental), land use regulation, and zoning regulation. NYCEM-7.5 hours. Real Estate Financial Modeling Using Excel R61.2210/$295 M Sec. 201: Sat. 9 a.m.–5.30 p.m., May 16. Joseph Cicero, director, Situs Companies. M Sec. 202: Sat. 9 a.m.–5.30 p.m., May 30. Joseph Cicero M Sec. 203: Fri. 9 a.m.–5.30 p.m., June 12. Anthony Chang M Sec. 204: Sat. 9 a.m.–5.30 p.m., June 27. Matthew L. Rufrano, manager, KPMG. M Sec. 205: Sat. 9 a.m.–5.30 p.m., July 11. Matthew L. Rufrano Learn how to build financial models for the purpose of acquisition and refinancing of commercial real estate using Excel in this one-day, intensive, hands-on workshop. Discover how to best organize and present your data to analyze real estate investments more efficiently. Topics include annual property operating statements; pro forma; discounted cash flow analysis; and partnership structure models, including preferred returns, internal rate of return (IRR) look backs, IRR for different partners, and sensitivity analysis. Prerequisites: HP 12c Financial Calculator for Real Estate Investment Analysis/R61.0250 or Real Estate Financial Analysis I/X62.9351, and familiarity with the basics of time value of money, cash flow concepts, and Excel. Fundamentals of Retail Real Estate R61.0605/$295 M Sec. 201: Tues. 9 a.m.–5.30 p.m., June 9. Victor Menkin, president, Menkin Realty Services, Inc. This seminar, designed for property managers, owners, developers, investors, and real estate brokers, provides an understanding of retail real estate. Topics include the retailer’s objectives and requirements with regard to store space, the needs of the landlord relative to retail space, establishing value of retail space, projecting success of a given retail business based on market and financial factors, highest and best use, the strengths and weaknesses of retail space, property types that contain retail space, forms of occupancy, and the basic elements of a retail lease. NYCEM-7.5 hours. 9 WEB: SCPS.NYU.EDU E-MAIL: SCPSINFO@NYU.EDU REAL ESTATE Reviewing Appraisal Reports in Declining Markets R61.0137/$295 M Sec. 201: Fri. 9 a.m.–4 p.m., June 12. Patrick A. Josephs, MAI, MRIS, principal, PATJO Appraisal Services, Inc. How do you know if the appraisal report you received is reliable when you have two reports completed at the same time on the same subject property, but with differing value conclusions? This seminar presents ways to identify the correct conclusion. Topics include marketing, sale, and ownership history of subject property; property data, including source of building size, square footage, room count, unit count, and plot size; reported historic, current, and forecasted income and expenses; comparable properties versus comparable transactions, neighborhoods, and conditions; relevant units and elements of comparison; cost approach land to value ratio; and total depreciation and replacement cost in relation to final value. This seminar is especially beneficial to appraisal reviewers. ACEM-7 hours. Forecasting Property Income and Expenses in a Volatile Market R61.0138/$295 M Sec. 201: Fri. 9 a.m.–4 p.m., June 19. Patrick A. Josephs, MAI, MRIS, principal, PATJO Appraisal Services, Inc. For owners and managers, it is critical to be able to compile realistic income and expense forecasts in order to succeed in their property management role. For brokers and appraisers, forecasting goes to the heart of the value conclusion and the advice presented to clients. This seminar examines what to look for in uncertain economic times. Topics include potential rental income; gross collection; physical and economic vacancy factors; other forms of income, including parking, laundry, vending machine, antenna, and advertising; fixed expenses, including real estate taxes and insurance; and variable expenses, including repair and maintenance, fuel, water, sewer, salaries, and advertising and property management fees. ACEM-7 hours. NEW NEW B.S. in Real Estate The New York metropolitan area offers exciting career possibilities in real estate. This program equips students with the most advanced knowledge in the field. It provides competency in finance, law, construction management, and marketing. Students study real estate markets, sales, leasing, and asset and portfolio management. The degree opens opportunities for practicing real estate professionals to fulfill licensing requirements and move from residential to commercial sales, including franchising, asset appraisal, and mortgage banking. The program is aimed at adult students who want to balance theory with application. This program is offered by NYU’s Paul McGhee Division. For more information, visit scps.nyu.edu/mcghee. Fundamentals of Construction Documents R61.2001/$295 M Sec. 201: Mon. 9 a.m.–5.30 p.m., June 22. Edward A. Gottko, assistant engineer, City of Bayonne. The ability to read construction drawings and plans accurately is a skill required in the management of construction projects. This seminar for real estate owners, managers, and construction contractors discusses contract documents—plans, specifications, and construction-working drawings—for reinforced concrete, steel, wood frame, and masonry construction, as well as for some mechanical and electrical construction. Topics include floor plans, elevations, sections, details, symbols, schedules, specifications, and abbreviations used in architectural and engineering drawings. Demystifying Real Estate Finance R61.0153/$295 M Sec. 201: Thurs. 9 a.m.–5.30 p.m., July 16. Stephen Manaker Get a deeper understanding and appreciation of the complexities of real estate finance and learn to decode its complex terminology. Topics include income analysis, operating statements, pro forma, capitalization rates, discount rates, return on investment, net operating income (NOI), debt and equity markets, REITs, FFO, CMBSs, TIC, 1031 tax-deferred exchanges, and conduits. NYCEM-7.5 hours. How to Inspect and Evaluate the Physical Condition of a Property R61.0400/$295 M Sec. 201: Tues. 9 a.m.–5.30 p.m., June 16. Fred P. Werfel, director–construction and property management, Spiegel Associates. Get an overview of commercial building structures and systems. Topics include creating checklists for different properties; determining structural, mechanical, and electrical deficiencies; evaluating management records and reviewing operating budgets, both capital and expense, as they relate to a source of potential concern with physical problems in buildings; and maintenance in buildings as a significant telltale of potential problems. NYCEM-7.5 hours. ACEM-8 hours. Fundamentals of Real Estate Finance R61.0460/$395 M Sec. 201: Tues. Wed. 9 a.m.–5.30 p.m., June 9–10 (2 sessions). Barry Stein, president, Rohman & Stein Associates, Inc. Examine various types of mortgage instruments and financing sources and structures for apartment, office, industrial, and shopping center acquisition and development projects. Topics include underwriting the loan; construction loans; the secondary mortgage market and securitization; lease analysis, leasehold financing, and the requirements for a loan presentation. Case studies and discussions include the acquisition, development, and construction of a residential project; the purchase of an existing office complex; and the acquisition, development, construction, and permanent financing of an industrial building upgraded to a research and development-type facility. NYCEM-15 hours. Commercial Real Estate Workouts R61.1269/$295 M Sec. 201: Fri. 9 a.m.–5.30 p.m., July 17. Charles Altman, Esq. This one-day seminar provides an indepth perspective on the resolution of nonperforming commercial real estate loans. Workouts are analyzed from both a portfolio and securitized lending perspective, including the role of special servicers and B-piece holders. The session includes detailed substantive presentations; expert panel discussions; and participation in workout “‘cases” to analyze lender/borrower negotiation strategy. Substantive areas include judicial and UCC foreclosure process, bankruptcy, note sales, and REO. NYCEM-7.5 hours. Real Estate Investment and Income Analysis R61.0150/$395 M Sec. 201: Thurs. Fri. 9 a.m.–5.30 p.m., July 9–10 (2 sessions). Learn the basics of investment cash flow analysis. Examine calculations and measurements employed in quantitative real estate investment and income property analysis, including financial calculator techniques, computer spreadsheet analysis, and lease-by-lease analysis. Concepts and measurements covered include the property operating statement and pro forma, net operating income (NOI), cash-on-cash return, internal rates of return (IRR), net present value (NPV), discounted cash flow, residual value, capitalization rate, debt service, and the implications of leverage on investment return. HP 12c financial calculator required. NYCEM-15 hours. Analyzing the Real Estate Investment Deal R61.1266/$395 M Sec. 201: Thurs. Fri. 9 a.m.–5.30 p.m., June 18–19 (2 sessions). Learn how experienced investors analyze a commercial real estate deal and determine its potential for profitability. Topics include analyzing income and expenses, debt underwriting, equity return analysis, types of debt instruments and equity vehicles available in both public and private markets, and analytical performance techniques. Investment drivers and concerns for multiple property types are identified and contrasted. A mock transaction is conducted in an investment property case study, bringing together various elements covered in the course. PC/calculator-based financial analysis techniques are utilized throughout the seminar. Prerequisites: Real Estate Financial Analysis I/X62.9351 or equivalent cash flow experience, plus familiarity with an HP 12c financial calculator (or equivalent) and PC-based spreadsheets. NYCEM-15 hours. Real Estate Investment and Development: Multifamily Projects and Deals R61.0057/$295 M Sec. 201: Thurs. 9 a.m.–5.30 p.m., June 25. Learn the practical aspects of evaluating, purchasing, and managing apartment buildings. This seminar examines multifamily properties in detail with real-life case studies. Discuss the entire process, from an initial evaluation of a setup to making an offer, going to contract, due diligence, financing, closing, and management. Students must have proficiency with a financial calculator and some familiarity with real estate finance. NYCEM7.5 hours. Strategic Multifamily Investment Management R61.0139/$295 M Sec. 201: Fri. 9 a.m.–5.30 p.m., June 5. Christopher Caltabiano, senior associate, AIG Global Real Estate Investment Corp. Examine the techniques for maximizing returns on multifamily real estate investments. Discussions include strategies and pitfalls related to ground-up and valueadded residential investments. Topics include market and acquisition analysis, leasing and renovation strategies, buysell-hold analysis, and strategies to maximize net operating income (NOI). NEW M Meets at NYU Midtown Center, 11 W. 42nd St. TO REGISTER: (212) 998-7150 FOR MORE INFORMATION AND ADVISEMENT: (212) 998-7171 10 GENERAL INFORMATION click here for department website GENERAL INFORMATION SCPS Continuing Education Professional Certificate Programs Certificates are highlighted throughout this Bulletin in their respective subject areas, where the specific requirements and course sequences are outlined. Also, a comprehensive alphabetical listing of all certificates can be found in the Index. Most SCPS certificate programs consist of four to six continuing education courses involving 100 to 200 contact hours (50minute hours) of instruction in a specified field of study. The following rules apply: • Students must satisfy the certificate program requirements listed in the Bulletin published for the term in which they register for the first course toward the certificate. • Students must maintain a record of successfully completed courses. Grade mailers can be requested at scps.nyu.edu at the end of each term. • Program administrators may authorize in writing substitutions of specified courses in individual situations (maximum of one substitution for a four-course certificate; two substitutions for a certificate requiring five or more courses). • All courses to be applied to a given certificate must be completed, with weight grades (A, B, or C). See individual listings for details. • Certificates must be completed within a period of four academic years from initial date of registration. • Regular class attendance is required in order for a course to be used toward a certificate program. • Courses taken at SCPS may be applied to fulfilling the requirements of only one school certificate program. No transfer work or waiver of the total number of courses required is permitted. • Students are not permitted to be enrolled in full-time intensive certificate programs at the same time that they are registered in SCPS degree or diploma programs or in other schools of the university. • Only one certificate may be issued in a given semester. • The name printed on the certificate will match the name on the student’s NYU transcript. • To receive a certificate, students must submit a request in writing or electronically to SCPS Office of Registration Services within one year of program completion. See the Certificate Request Form on page 152. • Approval for exception to any of the ab ove requirements must be obtained in advance in writing from the program office. Note: Departments may establish more stringent requirements for their programs. Check individual listings for details. FEES AND PAYMENT Continuing Education Changes, Withdrawals, and Refunds Additions (added courses) to your nondegree program may be made by telephone, fax, mail, online, or in person. Program changes (drop/adds) may be made via the Web, in person, or by fax. Withdrawals. Students who wish to withdraw from or for any reason find it impossible to complete a continuing education course should officially withdraw. Requests to withdraw (drops only) from continuing education courses can be made at any time via the Web at scps.nyu.edu; by mail, Office of Registration Services, NYU School of Continuing and Professional Studies, P.O. Box 1206, Stuyvesant Station, New York, NY 10009-9988; online at scps.nyu.edu/drop; by fax, (212) 995-3060; or in person, 25 West 4th Street, lobby. Merely ceasing to attend a class does not constitute official withdrawal, nor does notification to the instructor. Cancellation of payment does not constitute withdrawal, nor does it reduce indebtedness to the university; in this case, a penalty of $25 for late payment and $10 for stoppayment (subject to change without notice) must be charged. Students of any other NYU school must withdraw from SCPS courses through SCPS. Refund Policy. Refunds are computed based on the date and time the written or electronic notice of withdrawal is received by the Office of Registration Services. In addition, refunds for continuing education courses and seminars are based on the number of class sessions for the course that have met between the time of registration and withdrawal. Withdrawal does not necessarily entitle a student to a refund—nor to a cancellation of tuition still due. The refund schedule is as follows. For continuing education courses (X numbers) and seminars (R--.7999 and below): 1. Student withdrawls prior to the first session—100 percent refund. 2. Student withdraws after one or two sessions of a course with six or more sessions—75 percent refund. No refund thereafter. 3. Student withdraws after one or two sessions of a four- to five-session course—60 percent refund. No refund thereafter. 4. Student withdraws after more than two sessions of a four-session course— no refund. 5. Student has attended any session of a one- to three-session course— no refund. For seminars and conferences (designated as R--.8000 and above or beginning with SCPS): Procedures and policies for refunds vary by department. For online courses: Refunds for online courses are calculated differently from onsite courses. Students are eligible for a 100 percent tuition refund if they withdraw from the course before the official start date. Students are eligible for a 60 percent tuition refund if they withdraw from the course before having logged into the course four times or within the first two weeks of the course. After the fourth login, or the second week, students are not eligible to receive any tuition refund for courses taken through SCPS. Advisement Wondering What to Take? Not sure what type of course best suits your needs? Having trouble navigating this Bulletin? Preregistration advisement is available over the phone, in person, or via e-mail. To reach an education advisor, call (212) 998-7171 and, or e-mail advice.scps@nyu.edu. Other numbers to call: • Outside New York City, (888) 998-7204. • For course availability, schedules, and class locations, call (212) 998-7200. Information Services The NYU-SCPS information line, (212) 998-7200, is open Mon.–Thurs., 9 a.m.–8 p.m.; Fri., 9 a.m.–6 p.m.; and Sat., 10 a.m.–2 p.m. Call (212) 998-7171 for education advisement Mon.–Thurs., 9 a.m.–6 p.m. and Fri., 9 a.m.–5 p.m. (Hours are extended during registration and the first week of continuing education classes.) Our advisors are available to answer inquiries about the school and its programs. If you would like to be added to our mailing list for future Bulletins, call our Information Services line at (212) 998-7200 and leave your name and address with a staff member or our 24-hour automated attendant. You may also obtain schoolwide general information or request a Bulletin by visiting our website at scps.nyu.edu, or e-mailing your name and address to scpsinfo@nyu.edu. To receive information about the School in person, visit the Office of Enrollment and Information Services, 145 Fourth Avenue, Room 214, Mon.–Thurs, 9 a.m.– 6 p.m., and Fri., 9 a.m.–5 p.m. Please refer to the inside front cover for extended hours. Continuing Education Registration Fees For continuing education courses (designated with an X number), the registration fee is either $10 or $20, depending on the total cost of the course or courses for which you apply. If the total of your tuition is $99 or less, your registration fee is $10. If the total of your tuition is $100 or more, the fee is $20. The maximum $20 registration fee is payable only once each semester, no matter how many times you add courses. Registration fees are nonrefundable. For conferences and seminars (designated with an R number), the cost for registration services is included in the tuition. Note: This fee schedule does not apply to the programs requiring Credit Registration. R E G I S T R A T I O N F O R M Registration, Summer Term, 2009. MAIL TO: SCPS Registration Services, New York University, PO Box 1206, Stuyvesant Station, New York, NY 10009-9988. FAX: (212) 995-3060. Mail and fax registrations are accepted throughout the semester for late starting courses; mail registrations must be postmarked two weeks before the course start date. REGISTER EARLY FOR BEST COURSE SELECTION. PRINT NAME (LAST) (FIRST) (MIDDLE INITIAL) NYU STUDENT ID NO. BIRTH DATE FIRST ATTENDANCE IN SCPS? YES NO MR. MS. ________________________________________________________________________________________________________ HOME ADDRESS (STREET) ________________________________________________________________ CITY ________________________________________________ STATE __________________ APT. NO. ________________ PRIORITY CODE B20 N HIGHEST EDUCATIONAL LEVEL (CHECK ONE) HIGH SCHOOL ATTENDED COLLEGE U.S. FOUR-YEAR COLLEGE GRADUATE IF NO, DATE LAST ATTENDED ZIP ____________________________ GRADUATE STUDIES E-MAIL ________________________________________________________________________________________________________ HOME TELEPHONE ( ) ____________________________ WORK TELEPHONE ( ) ________________________________ COUNTRY OF CITIZENSHIP OTHER (PLEASE SPECIFY) ________________________________________________________________________ YES NO DO YOU PLAN TO PURSUE A PROFESSIONAL CERTIFICATE? Note: Students must provide an e-mail address and/or a telephone number so that SCPS can notify you regarding room location or class changes. Please check this box if you do not want your e-mail address or telephone number used for marketing purposes. COURSE/SEMINAR NUMBER SECTION NUMBER TITLE OF COURSE/SEMINAR (ABBREVIATE) TUITION AND FEES DAYS HOURS WHAT CERTIFICATE ARE YOU PLANNING TO PURSUE? ______________________________________________________________________________________ I ENCLOSE CHECK OR MONEY ORDER FOR TOTAL SHOWN I HEREBY AUTHORIZE USE OF MY CREDIT CARD SIGNATURE _____________________________________________________________________________________________________________________ NO. ___________________________________________________________________________________________________________________________ NONREFUNDABLE REGISTRATION FEE (see below to calculate)* TUITION + REGISTRATION FEE=TOTAL Discover® CARDS MASTERCARD® VISA® AMERICAN EXPRESS® EXPIRES ______________________________________________________ MONTH YEAR *Registration fees: $10 on $99 total tuition, $20 on totals of $100 and above (regardless of number of courses for which you are registering). Would you also answer these optional questions about your place of business so we may keep you informed of corporate and free events? YOUR NAME _____________________________________________________________________________________________________________ YOUR TITLE _____________________________________________________________________________________________________________ YOUR DIVISION OR DEPARTMENT _____________________________________________________________________________________________ COMPANY NAME__________________________________________________________________________________________________________ COMPANY ADDRESS _______________________________________________________________________________________________________ CITY___________________________________________________________STATE ______________ZIP _________________________________ DAYTIME TELEPHONE NUMBER ( FAX NUMBER ( )___________________________________________________________________________________ ) ________________________________ E-MAIL_________________________________________________________ NUMBER OF EMPLOYEES ___________________________ TYPE OF BUSINESS _______________________________________________________ DOES YOUR COMPANY OFFER TUITION REIMBURSEMENT? ___________________________________________________________________________ FULL PARTIAL CHECK ANY RESTRICTIONS THAT APPLY: CREDIT ONLY OTHER ____________________________________________________________________ MUST BE JOB-RELATED USE THIS FORM TO REGISTER. REGISTER EARLY FOR THE BEST SELECTION OF COURSES. WEB You can register online with NYU’s Student Information System via the Internet. Visit scps.nyu.edu to access the Web-based registration and information system at NYU. Online registration requires payment by credit card. Consult the inside front cover for complete information. HERE ARE ANSWERS TO SOME COMMONLY ASKED QUESTIONS. WHAT INFORMATION DO I NEED TO REGISTER BY PHONE? • Course title, course number, and course section. • Your mailing address, e-mail address, and telephone number. • Your credit card (Visa®, MasterCard®, American Express®, or Discover® card). MAIL OR FAX 1 Use the Registration Form to register for continuing education courses with course numbers beginning with the prefix “X” and for seminars beginning with the prefix “R.” Do not use this form to register for credit courses (prefix “Y” or “Z”), conferences (prefix “SCPS”), or for courses of the American Language Institute (ESL courses). Find the course(s) you want to register for and note: • Course title • Course number and section • Days and hours of the course • Course fee Transfer this information to the registration form. Type or write clearly and make sure you copy your credit card information accurately. Mistakes can delay your registration. Be sure to include your phone number and e-mail address so that we may contact you if there are any questions. Place the registration form in the postage-paid envelope provided or fax the form to (212) 995-3060. WHAT ABOUT LATE FEES? There are no late fees for continuing education courses. But remember, register early for best course selection and availability. HOW DO I DROP OR ADD COURSES? You may drop a course by mail or in person (145 Fourth Avenue, 2nd Floor, New York, NY 10003), online at scps.nyu.edu/drop, or by fax (212-995-3060) up until one day before the course start date. Please consult our refund policy in the Registration section of this Bulletin for drops made after the start of class. You may add a course by fax, the Web, or in person. 2 3 4 5 MAY I USE A COMPANY VOUCHER TO PAY FOR MY CLASS? Yes, as long as your company does not qualify payment based upon completion of coursework with a passing grade. We accept purchase orders, vouchers, and letters of authorization as payment for tuition in credit and continuing education courses. Please send the voucher with your registration. TELEPHONE 1 2 3 4 For your convenience and to have a written record for yourself, fill out the course information section of the registration form before you call. Have your credit card handy. Note the code in the upper right corner of the registration form; the registration operator will ask you for it. Dial (212) 998-7150, if you know the course you would like to take. If you have questions about course curriculum, a certificate, or your registration, please call (212) 998-7171 to speak with an education advisor. CAN I SPEAK TO AN ADVISOR BEFORE I REGISTER? Yes. If you need help deciding what to take or whether you need a course or certificate, our education advisors are available via e-mail at advice.scps@nyu.edu, or by phone (see the General Information section of the Bulletin for the advisor specific to your area of interest). QUESTIONS? You may also meet with an advisor at 145 Fourth Avenue, 2nd Floor.