... GENERAL INTRODUCTION 1. INTRODUCTION Real estate can be described as Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water, immovable property of this nature, buildings or housing in general. Estate management is the operation, control, and oversight of commercial, industrial or residential real estate, usually on behalf of an owner. Management indicates a need for the property to be cared for, monitored and accountability given for its usable life and condition. This is much similar to the role of management in any business. This involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition. One important role of a Property Manager is that of liaison between the Owner of record and the actual tenant/lessee, providing a buffer for those owners who desire to distance themselves from their tenant constituency Other roles of the Property Manager include gathering data on tenant payment habits as well as maintaining and keeping records about tenant contacts, lease terms, property features, security deposits and payment history. 1.2 STATEMENT OF THE PROBLEM Property Managers encounter a number of problems when performing their role of estate management. These are discussed in brief detail below...
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...viewpoints experienced in modern day society. A collision of all these subcultures in America has led to difficult marketing approaches to address both the core values and norms of the American culture and unique market behaviors, values, and norms that may be specific to other subcultures. In the case study, “Tapping the Ethnic Housing Market,” Fannie Mae evaluated ethnic groups to determine the different perceptions associated with the home-buying process (e.g. reason to purchase a home, knowledge about the overall purchasing process, and confidence in the process). The case study will discuss the opportunities and challenges facing housing lenders and real estate agents today based in the perceptions of each ethnic group. Analysis “Ethnic subcultures are those whose members’ unique shared behaviors are based on a common racial, language, or national background,” (Hawkins & Mothersbaugh, 2010, page 158). The Fannie Mae case study analyzes the different perceptions of the home-buying process among the general American population, African Americans, English Hispanics, and Spanish Hispanics. When considering the first factor, home-buying reasons, a small amount of every population saw ‘Safe Investment with Potential’ as the key reason to purchase a home. The top reasons to purchase a home were identified as ‘Renting is Bad’ (general population) and ‘Feeling of Ownership’...
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...Determine the opportunities and challenges facing housing lenders and real-estate agents across ethnic subcultures. Lenders and real-estate agents face different opportunities and challenges among the African American and Hispanics in regards to the housing market. African Americans make up one of the major ethnic subcultures, representing 13 percent of the American population, where on average, are younger than the white population, have less education, and lower household incomes. “One-third of black households earn $50,000 or more and nearly 10 percent earn $100,000 or more” (Hawkins). African Americans are segmented as market leaders or market followers. Within those are generational differences which pose challenges when it comes to marketing because they don’t follow the stereotypical images that they have been subjected to. Many are “driving growth in income and purchase power through education and professional achievement. African Americans represent $799 billion in buying power, which is expected to grow by some 34 percent through 2011” (Hawkins). This fact gives lenders and real estate agents opportunity to implement specific marketing tactics. Internet usage among African Americans is on the rise, allowing marketers to leverage online-based advertising for example. Hispanics represent another major ethnic subculture and have diverse nationalities including people of Cuban, Mexican, Puerto Rican, South/Central America or any other Spanish ethnicity. “The Hispanic...
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...correct positioning of real estate project development Abstract: China's real estate industry after nearly 20 years of development as a pillar industry, the status of the national economy has been established, market and industry standards have been gradually moving towards maturity and began moving to the era of brand competition. As competition intensifies and the market's immaturity, the positioning of real estate projects, there are still identical product design, concept over the transmission of a single theme, and many other issues. In this paper, the real estate market positioning based on the analysis, discusses the real estate market positioning of the specific strategies and elements, combined with practical analysis of the project xx how to conduct effective market positioning. Keywords: real estate market positioning 1, the real estate market positioning analysis (A) positioning the real estate market value analysis Accurate market positioning, and thus lock on its target customers, is a prerequisite for selling real estate. Selling point and positioning are two different things, a clear positioning and selling points can not be called a real selling point. Firstly, accurate market positioning is a prerequisite for selling real estate. Accurate market positioning to identify the target customer is a prerequisite for selling real estate. With accurate market positioning, can be targeted to promote the latter part of real estate, we can target customer...
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...Organizational Communication National American University Abstract Communication is a daily part of everyone’s personal and professional life. It can influence the success of relationships as well as organizations. It is, however, the way information is delivered that determines whether the communication is successful or not. There are many people working within an organization and communication is one of the essential attributes for reaching the common goals and visions. In the following, elements of effective communication are defined and compared to communication within Prestige Real Estate. Communication is considered one of the basic concepts in both a person’s personal and professional life. An organization’s existence is built on communication. Even though this process is often taken for granted, communication allows people to coordinate and collaborate actions, make important decisions affecting many people and most importantly it is allows the organization to function as an entity. Communication serves as the link that binds different functions, groups and individuals together creating a unified whole. Communication is often misunderstood or not interpreted correctly; therefore, effective communication is the key for all types of organizations in order to be successful (Church, 1996). In today’s world, the ability to communicate effectively is tied closely to the success of the organization. Modern organizations seek people that are smart with their words....
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...The Benefits of Hiring a Real Estate Lawyer in Long Island, New York Buying or selling a home sounds simple enough, but in reality, it may be a complicated legal process that requires a hefty amount of paperwork. If you are buying or selling property in Long Island, New York, hiring a real estate lawyer will make the transaction fairly straightforward. Real estate lawyers in Long Island are familiar with the specific laws of selling and buying property in New York, and will make sure that an exchange of property is proper. When property is exchanged, sellers must demonstrate that they have legal title to that property. To make sure that there are no defects in the title of the property, real estate lawyers perform a title search. During a...
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...Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 I Inhoudsopgave Vak: Institutional Investments and ALM Vak: Valuation and Corporate Governance Vak: Thesis Vak: Asset Pricing Vak: Derivatives and Asset Management Vak: Empirical Finance Vak: Research Project Finance Vak: Financial Markets and Institutions Vak: Private Equity and Behavioral Corporate Finance for Finance Vak: Financial Risk Management (Quantitative Finance) Vak: Real Estate Management Vak: Adv Corporate Finance 4.1 Vak: Valuation and Corporate Governance for Finance Vak: Institutional Investments and ALM for Finance 1 2 3 3 4 6 7 9 10 11 12 13 14 14 Vrije Universiteit Amsterdam - Fac. der Economische Wet. en Bedrijfsk. - M Finance - 2012-2013 II Institutional Investments and ALM Course code Credits Language of tuition Faculty Coordinator Teaching staff Teaching method(s) E_FIN_IIALM () 6.0 English Fac. der Economische Wet. en Bedrijfsk. prof. dr. C.G.E. Boender prof. dr. C.G.E. Boender, prof. dr. T.B.M. Steenkamp Lecture Course objective Achieve advanced knowledge of the investment process of institutional investors, like pension funds and insurers. The main objective is to fully understand the most important theoretical concepts in the institutional investment process and the way these concepts are used in practice. After following the course, you: - Have a good...
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...“right of the bat”. We are planning to expand our business in Dubai as real estate market is growing there presently. Entrepreneurs should think about the international market as “right of the bat”. But before going internationally one should consider these following factors: Factor 1: Get company-wide commitment. Every employee should be a vital member of your international team, from the executive suite to customer service through engineering, purchasing, production and shipping. You're all in it for the long haul. Factor 2: Define your business plan for accessing global markets. An international business plan is important in order to define your company's present status and internal goals and commitment, but it's also necessary if you plan to measure your results. Factor 3: Determine how much you can afford to invest in your international expansion efforts. Will it be based on ten percent of your domestic business profits or on a pay-as-you-can-afford process? Factor 4: Plan at least a two-year lead-time for world market penetration. It takes time and patience to build a great, enduring global enterprise, so be patient and plan for the long haul. Factor 5: Build a website and implement your international plan sensibly. Many companies offer affordable packages for building a website, but you must decide in what language you'll communicate. English is unarguably the most important language in the world, but only 28...
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...Real Estate Office Website E-business Plan A. Develop an online business expansion proposal that includes the following: Viability of the product or service that the business offers in an online environment I have chosen to work with a local real estate office to help the company increase its online presence. The company has a website that was created and never updated, thus it is stagnant. The primary objective of an online presence for this company is to expand the marketing efforts of the company in the online arena, expand the market area, and increase sales. This will help the company provide specialized information to potential buyers and sellers of homes, as well as creating an awareness of the real estate office. As a result sales will increase. The goal of the online marketing for the real estate office is to give valuable information regarding the real estate market, attract new customers to the business, to create a relationship with these new customers and follow-through with excellent service. Create a new brand of internet marketing that improves communications with customers. This company needs to expand into online marketing, if not, the company will certainly be losing potential customers. The online marketing strategy needs to include creating a website which will be connected to the company’s other internet pages and profiles. These other pages and profiles should include Facebook, Twitter, LinkedIn, Flickr and YouTube. The company will use social media such...
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...London Country Profile……………………………………..pgs 3 to 10 II. Economic Profile of Rome Q2- 2008………………………pgs 10 to 12 A. Commercial Lease Standards…………………………..pg 12 B. Real Estate Taxation………………………………….....pg 12 and 13 III. Real estate Ownership Laws and Contract Agreements…pgs 13 to 16 IV. Tax Obligations Arising from Real Estate Ownership…...pgs 16 to 18 V. The Real Estate Sales Process……………………………...pgs 19 to 22 VI. Due Diligence Process and Documentation………………..pgs 22 to 24 VII. London Capital Markets Q1 - 2008………………………...pgs 25 to 31 C. Residential Lending and Funding……………………....pg 31 D. Mortgage Regulations……………………………………pg 32 VIII. London Real Estate Investment Funds (REIFs)……………pgs 32 to 35 IX. Conclusion: Invest or Not?.....................................................pg 36 Works Cited …………………………………………………pg 37 London Country Profile Area: 607 Sq. miles (1,572 km²) Population: 8.308 million People: Most population in London is younger than the United Kingdom. There are almost 2/3 of Londoners that are in the age 44 and younger, which would, equivalent to 63%; more than half. Life expectancy: men (79.3), women (83.5) Language(s): London has the most number of community languages that are spoken in Europe. There are 300 languages spoken in London. The most common are as follow: Bengali, Gujarati, Punjabi, Cantonese and Mandarin most common. Religion(s): 48.4% are Christian; Atheist 20.7%; Muslim 12.4%; No...
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...Real Agent Installation and Setup Documents Real Agent Real Estate Setup Documentation Theme Installation Login into your WordPress dashboard and click on “Appearance” --> “ Themes” tab. You will have the option to manage existing themes or Install new ones, click on “Install Themes”. A sub menu with the following options will appear below the main tabs: Search | Upload | Featured | Newest | Recently Updated Click on the “Upload” item and you will get the following screen: Install a theme in .zip format Click on “Choose File” and locate the purchased file in your PC and then click on “Install Now”. Preview or Activate the theme and check your website to see the Real Agent Real Estate theme. The theme is now active. Demo content installation (Developer Package) Developer (Full) package only --> Click on "Tools"--->import-->WordPress and locate the provided xml file in your computer, click upload file and import, select your author preferences and click "Download and import file attachments". All the content from the demo theme will be on your website. Setting Permissions Make sure the following folder have "write or 777" permissions for authors and specific images thumbnail creation: /cache/ (located within the theme) Image Size Image sizes are defined by default in Real Agent theme but you also need to setup your "Media" settings in the WordPress administration to tell WordPress to resize all your images to the correct size...
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...Code of Ethics The Realtor Code of Ethics was established in 1913 as a Golden Rule, as a voluntary document outlining the professional duties of membership. In 1924 it became mandatory. Four years later after Texas Association of Real Estate Board renamed to Texas Association of Realtors. The Realtor code helped establish professionalism and integrity for the real estate industry. The Code of ethic is now mandatory training for all members. Ethics are considered especially important when related to the activities of skilled or influential professional. Although there are not an official code all real estate agents, many are members of the National Association of Realtors, which has an ethics code. The Code of Ethics and Standard of Practice of the National Association of Realtors has 17 articles which can be summarized in the golden rule: “do to others as you would like them to do to you” * Duties to Clients: * Articles 1 to 9 deal with the responsibilities real estate agents have toward their clients. * Article 1: When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALTORS® of their obligation to treat all parties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly. ...
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...Executive Summary The Real Estate Investment in China is considered a growing business in the future. China being one of most populous place, people are seeking better living places. By seeing this investment opportunity in China, our group was highly interested. We believe that China has considerable amounts of land for this opportunity and our business to grow. Real Estate demand is raising in China since their economy continues to increase as well as people is becoming more wealthier. With our resources and experience in the field, our investment will be on its way. This report outlines the investment specifications. It is outlined in these categories: Country Analysis, Real Investment Analysis, Specific Components of the Project, the Best Mode of Entry, and the investment Risks Involved. Each outline analyzes the investment’s specific opportunity given the condition of the country. Based on this analysis, our group made a conclusion. A final recommendation of the proposed investment is given below. Country Analysis China is a developing country that has a great opportunity for foreign investors 5to establish their international business and make profits. China has a booming investment market and based on our research, the Livecast states that China’s investment environment is improving in recent years. Take an example from the Livecast, many enterprises transferred their business to China and trying to reduce the investment loss during the economic crisis in 2008...
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...Plan For Real Estate Sales Branch Office in the Southmost Area of Brownsville,Texas. By C. Frank Wood (86-3396) Executive Summary Jokl-Wood & Associates Reality, Inc. is a Brownsville firm that offers a variety of real estate services. A few of the services that JW&A offers include, both buyer and seller representation in the sale, purchase, or lease of real property. JW&A was organized as a corporation almost ten years ago. They currently have ten licensed real state salesmen or brokers in their office, as well as property management company known as BREMCO (Brownsville Real Estate Management Company) on site. Reality, Inc. is interested in knowing if the southmost area of Brownsville can support a possible branch office. The real estate firm is well established in the other areas of the city, but feels that the Southmost area has a growing potential as a source of other business. The only main limitation of the expansion, and the study, is the fact that the Southmost is predominantly Spanish speaking and traditional with regards to the buying and selling of a home. The language barrier would require that any business conducted out of a branch office in this area be conducted in Spanish; therefore, a real estate salesman located in this area would need to be fluent in Spanish. The traditional factor of the Southmost area is that people tend not to trust outsiders, especially with their homes and money. In order to be successful in this area, the real estate salesman...
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...state what are the legal principles that are related to the acquisition of interest in real property. The law recognizes different sorts of interests, called estates, in real property. The type of estate is generally determined by the language of the 5 deed, lease, bill of sale, will, land and grant through which the estate was acquired. Estates are distinguished by the varying property rights that vest in each, and that determine the duration and transferability of the various estates. A party enjoying an estate is called a "tenant." There are several different ways a party can own an interest in real property. There are possessory types of interests and non-possessory types of interests. This lesson explains the main types of real property ownership. Possessory Interests When we talk about ownership interests in real property, we're actually talking about many different types of ownership. Ownership interests come in various forms and, depending on the type of interest, a landowner's rights may be limited. Let's start by exploring some of the possessory interests possible when owning land. A possessory interest is the intent and right of a party to occupy or exercise control over a particular plot of land. This is the type of ownership most of us think about when we think about land ownership. There are three main types of possessory interests: fee simple absolute, life estate, and leasehold. Let's start with the greatest possible interest in land. Fee Simple Absolute ...
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