Spring 2027

The Real Estate Process

An introductory overview of the real estate process covering development, permitting, transactions, economics, financing, valuation, leasing, and management.

offering recorded3 credits

Recorded instructors · Spring 2027 David Gevers4.1/5 Christopher Kemp David Sliwicki +2 more

Summary

1 / 6

Past student reviews · David Gevers

Grades are based on a few short papers and two exams; the exams were extremely easy, and the papers required little effort to complete.

What you’ll be able to do

Develop a working knowledge of the real estate process, including the roles of the various key real estate professionals and the unique challenges associated with the real estate asset class.
Explain the characteristics, advantages, and disadvantages of the primary commercial real estate property types.
Discuss the role of debt and equity in a real estate transaction as well as the fundamental terms, conditions, and requirements of commercial real estate financing.
Navigate the basic regulatory framework governing the real estate process, including land use planning, zoning and the required project approvals.
Describe the role of leasing in the commercial real estate transaction, including the critical terms and conditions of commercial leases.

Source: UW Guide 1 UW Guide 2 UW Guide 3

Grade history

↗

average GPA
letter grades

All recorded terms · compare terms & instructors

Professors

Spring 2027

David Gevers

Adjusted rating

RMP difficulty

captured reviews

About this rating

Raw average: 4.90/5 from 10 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

Past student reviews · David Gevers

David Gevers taught this course with engaging lectures that incorporated his real-world industry experience. Students reported that the exams were straightforward and focused on recall, while short papers were easy to complete. One student found the lectures slightly boring, but most described the class as interesting and not difficult.

Recent recorded grades — Spring 2025: 3.93 GPA, 96.6% A/AB (n=265 letter grades); Fall 2025: 3.76 GPA, 88.9% A/AB (n=261 letter grades); Spring 2026: 3.80 GPA, 90.4% A/AB (n=270 letter grades).

Christopher Kemp

Recent recorded grades — Fall 2025: 3.92 GPA, 92.9% A/AB (n=56 letter grades); Spring 2026: 3.88 GPA, 92.5% A/AB (n=53 letter grades).

David Sliwicki

Recent recorded grades — Spring 2025: 3.94 GPA, 95.7% A/AB (n=141 letter grades); Fall 2025: 3.84 GPA, 92.2% A/AB (n=116 letter grades); Spring 2026: 3.89 GPA, 94.1% A/AB (n=152 letter grades).

Tim Carr

Recent recorded grades — Spring 2023: 3.89 GPA, 97.1% A/AB (n=35 letter grades); Spring 2024: 3.83 GPA, 87.5% A/AB (n=48 letter grades); Spring 2025: 3.86 GPA, 94.1% A/AB (n=51 letter grades).

Tyler Krupp

Recent recorded grades — Spring 2025: 3.68 GPA, 82.0% A/AB (n=50 letter grades); Fall 2025: 3.91 GPA, 94.1% A/AB (n=51 letter grades); Spring 2026: 3.89 GPA, 96.3% A/AB (n=54 letter grades).

Historical instructors & teaching patterns

Past student reviews · Barry Perkel

Historical instructor Barry Perkel received mixed feedback on assessment clarity and grading. One student found tests difficult and unclear on what to study, while another noted exams were easy and predictable but criticized vague assignment instructions and strict grading. Both reviewers expressed dissatisfaction with the course experience under his instruction.

BARRY PERKEL is recorded teaching in Fall 2021, Spring 2022. Recorded history may be incomplete and does not establish a future schedule.

CHRISTOPHER KEMP is recorded teaching in Fall 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

DAVID GEVERS is recorded teaching in Fall 2022, Spring 2023, Fall 2023, Spring 2024, Fall 2024, Spring 2025, Fall 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

DAVID SLIWICKI is recorded teaching in Spring 2024, Fall 2024, Spring 2025, Fall 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

TIM CARR is recorded teaching in Spring 2023, Spring 2024, Spring 2025. Recorded history may be incomplete and does not establish a future schedule.

TYLER KRUPP is recorded teaching in Fall 2023, Spring 2024, Fall 2024, Spring 2025, Fall 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

Recorded history may be incomplete and does not establish a future schedule.

Calendar & sections

Spring 2027

Schedule loads here as you scroll.

Section	Mode	Enrolled / capacity
LEC 001	Classroom Instruction	0 / 274
DIS 302	Classroom Instruction	0 / 44
DIS 304	Classroom Instruction	0 / 43
DIS 305	Classroom Instruction	0 / 43
DIS 306	Classroom Instruction	0 / 44
DIS 301	Classroom Instruction	0 / 43
DIS 303	Classroom Instruction	0 / 44
LEC 002	Online (some classroom)	0 / 52
LEC 003	Online (some classroom)	0 / 55
LEC 004	Online Only	0 / 55
LEC 005	Online (some classroom)	0 / 54
LEC 006	Online (some classroom)	0 / 54
LEC 007	Online (some classroom)	0 / 55
LEC 001	Classroom Instruction	0 / 270
DIS 301	Classroom Instruction	0 / 46
DIS 302	Classroom Instruction	0 / 46
DIS 304	Classroom Instruction	0 / 46
DIS 305	Classroom Instruction	0 / 43
DIS 306	Classroom Instruction	0 / 46
DIS 303	Classroom Instruction	0 / 43
LEC 002	Online (some classroom)	0 / 100
LEC 003	Online (some classroom)	0 / 55
LEC 004	Online Only	0 / 55
LEC 005	Online (some classroom)	0 / 54
LEC 006	Online (some classroom)	0 / 54
LEC 007	Online (some classroom)	0 / 55
LEC 001	Classroom Instruction	0 / 274
DIS 302	Classroom Instruction	0 / 41
DIS 306	Classroom Instruction	0 / 41
DIS 301	Classroom Instruction	0 / 41
DIS 304	Classroom Instruction	0 / 41
DIS 305	Classroom Instruction	0 / 41
DIS 303	Classroom Instruction	0 / 41
LEC 002	Online (some classroom)	0 / 32
LEC 003	Online (some classroom)	0 / 40
LEC 004	Online Only	0 / 45
LEC 005	Online (some classroom)	0 / 50
LEC 006	Online (some classroom)	0 / 50
LEC 007	Online (some classroom)	0 / 55

Times are Central. Select a meeting for details; export includes recorded dates for the selected sections. Enrollment reflects scan time.

Meeting source records

Download part 1

Student experience

the class

Past student reviews · David Gevers

David Gevers teaches this course with genuine passion, incorporating stories into lectures to make the content engaging and interesting for students.

Recent recorded grades — Spring 2025: 3.90 GPA, 94.7% A/AB (n=507 letter grades); Fall 2025: 3.82 GPA, 91.0% A/AB (n=535 letter grades); Spring 2026: 3.85 GPA, 92.5% A/AB (n=577 letter grades).

difficulty & workload

Past student reviews · David Gevers

Grades are based on a few short papers and two exams; the exams were extremely easy, and the papers required little effort to complete.

Past student reviews · David Gevers

While some found the lectures a bit boring, students noted the exams relied heavily on recall and memorization, requiring study despite the overall low difficulty.

Topics

Real estate development, permitting, and transactions
Real estate economics, financing, and valuation
Real estate leasing and management
Land use planning, zoning, and project approvals

Skills

Working knowledge of the real estate process and professional roles
Analyzing commercial real estate property types
Understanding commercial real estate financing structures
Navigating real estate regulatory frameworks and zoning
Describing commercial lease terms and conditions

Grades

Spring 2027 · Projected

Before grades are released

– average GPA

Approximate 80% prediction interval

About this estimate

The course’s semester-average GPA, not an individual student’s grade. The center uses 5 same-season terms, weighted toward recent results.

The range uses the finite-sample 80th-percentile rank of absolute errors from earlier same-season forecasts. Each forecast uses only records from earlier terms. At least four forecasts are required; bounds are rounded outward and limited to 0–4. This is an empirical estimate: changing instructors or grading policies can reduce its coverage.

8 earlier forecasts · 0.30 GPA average error.

Grades over time

Through Spring 2027

More grade details Grade mix, volume & source data

Where this course fits relative to

Latest available grades · Spring 2026 · all course levels

GPA

Higher than % of other courses in this group.

Course GPAs · red marks this course’s range

letter grades

More recorded grades than % of other courses in this group.

Typical course in this group: letter grades.

About this comparison

1280 courses over the same term, each with at least 30 recorded letter grades. Cross-listed courses count once. GPA is not a measure of difficulty or teaching quality. The typical course is the median by recorded grade count; tied values are not counted as lower. Grade counts describe course scale, not unique students or typical section size.

Descriptions compare GPA with this group’s average: at least 0.20 higher or lower; otherwise close to average. Section size uses median recorded enrollment: small up to 30, mid-sized 31–99, large 100+. Lectures and discussion/lab sections are described separately.

Sources & history

UW–Madison

Catalog & offerings

Descriptions, prerequisites, and recorded course offerings.

Catalog observation history

Observations at scan time; dates do not imply when a catalog change took effect.

Download part 1

Selected offering source records

AAE/REALEST/URBRPL 306 · Spring 2027

The Real Estate Process

Recorded 2026-10-14

AAE/REALEST/URBRPL 306 · Spring 2027

The Real Estate Process

Recorded 2026-10-14

AAE/REALEST/URBRPL 306 · Spring 2027

The Real Estate Process

Recorded 2026-10-14

Raw records

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    "run_id": "20261014T203208-0851c9a1",
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    "observed_at": "2026-10-14 17:50:09.728220+00:00",
    "offering_id": "1274:108:003242",
    "course_id": "AAE/REALEST/URBRPL 306",
    "course_uid": "course_224401cd12c6935d57deffd5",
    "term_id": "1274",
    "source_course_id": "003242",
    "source_subject_id": "108",
    "title": "The Real Estate Process",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Fall, Spring, Summer"
  },
  {
    "run_id": "20261014T203208-0851c9a1",
    "semester": "1274",
    "observed_at": "2026-10-14 17:50:09.728220+00:00",
    "offering_id": "1274:239:003242",
    "course_id": "AAE/REALEST/URBRPL 306",
    "course_uid": "course_224401cd12c6935d57deffd5",
    "term_id": "1274",
    "source_course_id": "003242",
    "source_subject_id": "239",
    "title": "The Real Estate Process",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Fall, Spring, Summer"
  },
  {
    "run_id": "20261014T203208-0851c9a1",
    "semester": "1274",
    "observed_at": "2026-10-14 17:50:09.728220+00:00",
    "offering_id": "1274:944:003242",
    "course_id": "AAE/REALEST/URBRPL 306",
    "course_uid": "course_224401cd12c6935d57deffd5",
    "term_id": "1274",
    "source_course_id": "003242",
    "source_subject_id": "944",
    "title": "The Real Estate Process",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Fall, Spring, Summer"
  }
]

Rate My Professors

Student reviews

Original comments behind the course and instructor summaries.

Read original reviews

Download part 1

Madgrades

Grade history

Recorded grade distributions by term, section, and instructor.

Explore recorded grades

Model outputs & technical records

Qwen/Qwen3.8-27B

LLM outputs across runs

Download part 1

Full model traces

Recorded model configuration, reasoning, and tool conversations.

Download part 1

Model & dataset provenance

{
  "model": "Qwen/Qwen3.8-27B",
  "model_revision": "1d4bf0f2ff6012fd82039f2fa52739d0dd7c60c0",
  "task_version": "17",
  "output_id": "f49bd6ebc707b02c9a579e68a196c0c65552178be77a38e1898ca4168d637c0c",
  "requirements_status": "valid",
  "dataset_revision": "fc1811fa52e581ea57a35c0cf3343f8740a8ffbf",
  "observed_at": "2026-10-14 17:50:09.728220+00:00"
}

The Real Estate Process

Summary

What you’ll be able to do

Grade history

Prerequisites

Professors

David Gevers

Christopher Kemp

David Sliwicki

Tim Carr

Tyler Krupp

Calendar & sections

Student experience

the class

difficulty & workload

Topics

Skills

Grades

Spring 2027 · Projected

Grades over time

Where this course fits relative to UW–Madison

Sources & history

Catalog & offerings

Student reviews

Grade history

Where this course fits relative to