Builder will donate profits from home sale to university's real estate programs

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Minnesota-based real estate brokerage Edina Realty will donate its services to market a 5,900-square-foot home being built by JMS Custom Homes to raise money for real estate education programs at the University of St. Thomas. The university offers a bachelor of science and master of science degree in real estate, and St. Thomas’ Shenehon Center for Real Estate provides continuing eduction for real estate professionals, the Star Tribune reports.

Ground has broken on the project, which will serve as a learning lab for St. Thomas students this fall, and the house is expected to be on the market next spring for between $1.6 million and $1.75 million (according to Trulia, the land alone has an assessed value of $456,000). Net proceeds of $250,000 or more will be donated to the university. Source: startribune.com.