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Media
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- Professors explain how increased interest rates will impact housing market
- Alabama Renters Study
- Rent in southern cities more reasonable says W,W,& J.
- Florida dominates overvalued rental markets
- Dr Waller ranks 9th among top real estate researchers
- Florida tenants paying premium in rental markets
- Florida rents far outpace past leasing trends
- Longwood, ranks 35 in Real rankings (2021)
- Tampa Bay, 3rd most overvalued rental market
- Lower splits lead to rise in dual agency
- Bill empowers communities to regulate 'sober living' houses
- Dr Waller's road to a PhD
- Longwood ranks 19th in 2018 Real rankings
- Longwood, 34 in 2018 REAL rankings
- Dr Waller ranks 34th among real estate scholars (2017)
- REALRankings
- Longwood,
- Waller ranks 34th real estate research (2018)
- Longwood ranks 16 in 2016 Real rankings
- Dr Waller ranks 21st in 2016 Real rankings
- Longwood ranks 19th in 2015 rankings
- Dr Waller, 2015 "standout and innovator"
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Dual agency is controversial among brokers
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What’s a Word Worth?
What’s a Word Worth?
Facts about fancy features and a touch of drama make a listing stand out; some ‘puffing’ is good, but don’t go overboard
It’s not what real-estate agents say, it’s the way they say it.
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Are Changes Going To Affect Your Family?
When mortgage interest rates are climbing, do you know how these changes will impact your family? Whether you have an adjustable-rate mortgage or a fixed-rate loan, changing interest rates may affect your monthly budget.
Home mortgage expenses are generally a large part of any family’s monthly budget. When mortgage rates are rising, many people are caught off guard and surprised by an increase in their monthly housing expenses. How can you protect your family’s budget against the uncertainty of rising mortgage rates?
Rates are edging up
Many analysts are predicting that mortgage rates will rise steadily during 2014, citing the Federal Reserve Bank’s plan to wind down stimulus activity as a major reason for the predicted increase. Higher fees for low-income home buyers are in the works, and a more stringent screening process for Fannie Mae and Freddie Mac loans means that fewer people will qualify for these lower-rate loans. Approximately two-thirds of home loans come through these two agencies. “It is generally held in the financial press that interest rates — and thus mortgage rates — are on the rise,” says Bennie D. Waller, Ph.D., professor of finance and real estate at Longwood University. “For example, we refinanced in June into a 15-year fixed-rate mortgage for 2.65 percent. A similar refinance now entails a rate closer to 4 percent today.”
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How refinancing will save homeowners $21 billion this year
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10 Money Predictions for 2014
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Rare Online Real Estate MBA Welcomed to Graduate Studies
Rare Online Real Estate MBA Welcomed to Graduate Studies
Longwood University is now offering students the opportunity to obtain an online Master of Business Administration (MBA) in real estate.
The program is expected to begin enrolling students as early as the fall semester of 2014. Application into the program is considered to be on a rolling basis and 100% of students that are accepted are already employed when they enroll.
According to Dr. Scott Wentland, assistant professor of economics, this online MBA program is one of the only available programs in Virginia and one of very few online real estate programs recognized to be accredited by the Association to Advance Collegiate Schools of Business (AACSB).
Wentland said, “The programs come out of the faculty strengths at different schools around the state. The state of Virginia does not have a lot of business schools that have faculty that specialize in real estate.”
Abbey O’Connor, assistant dean for external relations and Longwood University’s MBA director, believes that “we [Longwood] have got the strength here [in the real estate].”
O’Connor said, “The market is starting to have demand here. If we’re looking to have something and hopefully help grow the MBA this way, it made sense to go with real estate.”
The process to create an MBA in real estate began in the beginning of 2013 when members of the College of Business and Economics began discussing what the program would need to be.
Wentland did research into what the industry is looking for, certifications the area requires and the courses other programs offer for the degree.
“We happen to have a number of professors … who are real experts in real estate,” O’Connor said.
Wentland is joined by Assistant Professor of Finance & Real Estate Dr. Xun Bian; Professor of Economics Dr. Ray Brastow; Chair of the Department of Accounting, Economics, Finance, & Real Estate and Professor of Finance and Real Estate Dr. Bennie Waller and Associate Professor of Accounting Dr. George Jackson, all from the College of Business and Economics.
They have all worked on numerous published research studies in the field of real estate and plan to use their knowledge “in the area in which [they] have strength,” Wentland said.
Several of the professors, including Wentland, Waller and Brastow have been interviewed and quoted in numerous media sources such as Web Talk Radio, The Wall Street Journal and the Richmond Times- Dispatch.
Wentland and Waller traveled to Richmond in the summer of 2013 where they spoke to a number of major commercial real estate organizations.
Before the trip, the program was being considered as a Master of Science.
Afterwards, O’Connor said, “It became clear to us that making this an MBA concentration was the way to go.”
She added, “It became really clear that what these people in industry were looking for was also something that would help their people develop the leadership skills, have a focus on ethics and integrity and have some more of the general business skills.”
Wentland added, “We wanted a way in which [the College of Business of Economics] can build on our strengths, and we have an MBA program where we think we can be very competitive not only in Virginia, but also nationally.
“Our idea is to attract both people from Virginia and people nationally who are interested in real estate,” he continued.
The newly-added MBA allows students to participate in the program part-time and finish it in an estimated two years.
Because of students’ ability to take the courses online, O’Connor feels “it gives them flexibility of time to fit school with their jobs … on their schedule.”
Tuition for graduate programs is the same for each program, but MBA students will pay an extra course fee for their program in the sum of a $210 per credit hour as well as an online fee with graduate tuition.
The 36 credit hour fee for an MBA at Longwood totals to an estimated $19,000 for in-state students.
Students will be able to receive several industry certifications once they graduate from the program, including a LEED Green Associate (GA) certification, an ARGUS DCF certification and also the chance to become a Certified Property Manager (CPM) and a Certified Commercial Investment Member (CCIM), both of which are fast-track programs in which students complete the certification at an escalated pace.
CCIM does focus more on commercial real estate, while a CPM allows the certified member to be in charge of a higher number of larger apartment complexes or properties with more spaces as well as day-to-day operations.
LEED GA allows the certified student to focus on buildings that are going green or environmentally safe and the ARGUS DCF certification focuses on the software programs of the same name used mainly by commercial real estate and developers.
The software allows a detail analysis of real estate areas in which a certified student would be looking at.
Wentland hopes that students in the MBA program will be able to test into and be able to have one or more of these certifications on their resume shortly after graduation.
Recently, Longwood’s graduate programs were ranked by the U.S. News and World Report as 62nd out of 239 programs nationwide in their 2014 rankings of online programs.
The list was released to the public on Jan. 8, and only one other Virginia school was ranked above Longwood, being James Madison University.
Longwood University received a 95 out of a possible 100 points in regards to the qualifications for the professors in the MBA program. Student satisfaction and instructor responsiveness was rated high as well with 85 out of 100 points.
Looking to the future to creating an MBA in more areas, O’Connor said, “We certainly have a strength in the cyber-security area now … That certainly is an area that is getting more and more tension. It is a big area for us too.”
O’Connor is currently doing even more research into the ranking process of U.S. News and World Report in order to improve Longwood’s position even further.
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The Pros and Cons of a Dual Agency Real Estate Contract
The Pros and Cons of a Dual Agency
You’re out shopping for a home and you see a home that you like with a For-Sale yard sign. The first thing you do is call the real estate agent listed on the sign. But…is that really the best thing to do?
Join me today as my guest, Bennie Waller, Professor of Finance and Real Estate at Longwood University, and I discuss the definition of a dual agency transaction, as well as, the advantages and disadvantages of this type of transaction.
It’s always important to use a real estate agent when buying a home! They’re familiar with the neighborhoods, the current market values, and whether an area is improving or deteriorating. They can help you with property inspections, help you navigate all of the forms in a sales agreement, and negotiate terms with the seller. But…it’s also important to work with a realtor that you have a relationship with, someone that understands your needs, and can communicate those needs to the other transaction parties.
Today’s show will give you all the awareness you need to make good financial decisions! And, if you want to learn more on how to interview your next realtor, go shopping with my “House Hunting Features Checklist”, and find your Best Fit Mortgage ™, check out my new home buyer workbook “Conquer Your Closing: The Companion Workbook.” It will give you the step-by-step instruction you need to make your next home buying experience the best it can be!
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How a Dual Agent Affects Sale Prices
How a Dual Agent Affects Sale Prices
Having an agent represent both buyer and seller can either raise or reduce the final selling price, depending on the timing of the transaction
By: Sanette Tanaka
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Longwood to offer new MBA online in Real Estate
Longwood University will offer an online MBA in real estate beginning next fall.
The graduate degree, a part-time program expected to take two years to complete, will prepare students for professional certifications in the real estate industry.
The graduate degree, a part-time program expected to take two years to complete, will prepare students for professional certifications in the real estate industry.
Longwood’s online graduate business programs were ranked 62nd nationally, among 239 such programs, by U.S. News & World Report in its 2014 rankings.
Source: http://www.timesdispatch.com/news/local/education/college/longwood-to-offer-new-mba-online/article_c1389708-86f3-5414-b958-2b068ab57d06.html
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Longwood Online Graduate Business Programs Ranked Among Best in Nation by U.S. New & World Report
Longwood’s programs were ranked 62nd among the 239 online programs that offer a master’s degree in business. Only one Virginia school ranked higher than Longwood. The most important factors in the rankings (http://www.usnews.com/online), released Jan. 8, were student engagement, faculty credentials and training, and student services and technology.
“When we transitioned to online delivery four years ago, I was confident that we could build strong online MBA programs,” said Abbey O’Connor, Longwood’s MBA director and assistant dean of the College of Business and Economics.
“Our ranking by U.S. News & World Report is confirmation of the quality of Longwood’s online MBA programs. I am proud of the dedication and hard work of our MBA team, including our distinguished faculty, expert staff and incredible students.”
Longwood’s MBA programs include concentrations in general business, retail management and, beginning this fall, real estate. All of the concentrations are online. The concentrations in real estate and retail management are probably the only online MBA programs in those areas in Virginia and among only a few online programs in the country accredited by AACSB International, the most prestigious accrediting agency for schools of business.
Though all courses are delivered online, students are required to come to campus once each year for a residency in which they network with other students, work face-to-face with faculty and learn from industry experts and other guest speakers.
“Our students tell us that the reasons they select our MBA are the AACSB accreditation, being online and our on-campus summer residencies,” said O’Connor.
About the College of Business and Economics and Longwood University
Longwood’s College of Business and Economics, accredited by AACSB International, prepares effective and successful business leaders by guiding students to develop their full potential. A dedication to leadership values and ethics builds upon Longwood University’s mission to develop citizen leaders. The college’s required and outstanding internship program ensures that all students practice their business skills and apply their knowledge in the real business world. The College of Business and Economics offers Bachelor of Science in Business Administration, Bachelor of Science in Economics, and MBA degrees. In fall 2014, if will offer an MBA in Real Estate.
Longwood University is Virginia’s third-oldest public university and is celebrating its 175th anniversary during the 2013-14 academic year. For more information on the anniversary, please visit 175.longwood.edu.
Read the full story at http://www.prweb.com/releases/longwoodcollegeofbusiness/onlinemba/prweb11473416.htm
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