The Utah Real Estate Challenge (UREC) is an intercollegiate real estate development competition for undergraduate and graduate students throughout the state of Utah. The competition fosters understanding of real estate development by giving students the opportunity to prepare and present a real estate development plan to a panel of expert judges. A grand prize of $20,000 will be awarded to the student team with the most promising and economically viable Real Estate Development Plan. Second and third prizes are $10,000 and $5,000 respectively.