...841: Real Estate Decision Making Fall 2011 COURSE OUTLINE Instructor: Office: E-mail: Telephone: John S. Andrew, Ph.D., M CIP, RPP Robert Sutherland Hall, Room 525 john.andrew@queensu.ca 613-533-6000 ext. 75756 Session Time: Mondays, 11:30 am - 2:20 pm Session Room: Robert Sutherland Hall, Room 554 Overview of the Course The course is an introduction to the concepts, principles and analytical methods involved in making the broad variety of key investment decisions regarding commercial real estate. It is designed to supplement, rather than replace SURP 844: Real Estate Project Planning. Therefore, the emphasis of this course is on commercial real estate investment rather than development. However, some elements of the latter will inevitably be addressed. The focus will be on fullyoperational income-generating properties, primarily large in scale. The main asset types of office, industrial, retail and multi-unit residential will be discussed (and possibly a few more specialized types). Another emphasis of the course will be on the micro level – the evaluation of the investment merits of individual properties (or at least individual transactions). Less attention will be paid to the macro level i.e. portfolio management. To the extent possible, the course content (including readings, cases and assignments) will be Canadian (although it is recognized that real estate investment is increasingly a global endeavor). This is primarily a combination seminar and case study course...
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...logical processes at work. This study emphasizes on understanding how real estate agents performance is influenced by their emotional behavior or psychological range. The things that realtors consider rewarding to them are likely a reflection or connection of their emotional behavior. Bossidy and Charan (2002) pointed out...
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...Potential Study 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...
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...Empirical Study By Dr. Cynthia Menezes, Associate Professor and Research Guide And Raghunandan G, Research Scholar, Canara Bank School of Management Studies, Bangalore University Abstract: The system analyst gives a project meaning and direction. It is necessary to know what the problem is before it can be solved. This leads to a preliminary survey or an initial investigation to determine whether an alternative system can solve the problem. Depending on the results of the initial investigation, the survey is expanded to a more detailed feasibility study. A feasibility study is a test of a system proposal according to its workability, impact on the organization, ability to meet user needs, and effective use of resources. It focuses on three major questions such as what are the user’s demonstrable needs and how does a candidate system meet them, what resources are available for given candidate systems, whether the problem is worth solving, what could be the likely impact of the candidate system on the organization and how well it is within the organization’s master MIS plan. Each of these questions must be answered carefully because they revolve around investigation and evaluation of the problem, identification and description of candidate systems, specification or performance and the cost of each system and final selection of the best system. The objective of feasibility study is to acquire a sense of its scope. During the study the problem...
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...MBA Program BUS 582-03 Real Estate Summer Term 2013 COURSE TYPE: The majority of professor-led contact hours take place in a traditional classroom. The overall nature of the course is “traditional”, although required Blackboard components have also been included. INSTRUCTOR INFORMATION: Name: Phone Numbers: Office Location: Office Hours: Email: BOB BECKER 805-208-2884 Hanson House By appointment rbecker@callutheran.edu TIME / PLACE: • • • • Term Dates: Weekly Class Meeting: Classroom: Drop Date: June 5, 2013 – August 14, 2013 Wednesday 7:00 – 10:00 p.m. Humanities 111 Monday, June 17, 2013 READINGS: The required textbook for this course is: Author(s): Text Title: Year of publication: Edition: Publisher: ISBN Number: Brueggeman, Fisher Real Estate Finance and Investments 2011 14th Edition McGraw-Hill Irwin 978-0-07-337733-9 COURSE DESCRIPTION: This course provides students with an introduction of the application of financial principles to the discipline of real estate. Students should leave this course with an understanding of: investment property analysis and evaluation, commercial real estate and single-family housing loan underwriting, real property valuation, the real estate capital markets, real estate ownership structures and taxation. 1/7 TECHNOLOGY REQUIREMENTS: Financial calculators are highly recommended (instructor uses and supports the HP 10B II) and laptops are encouraged, as many activities can be completed using Microsoft Excel or Argus financial...
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...ITS IMPACT ON THE FINANCIAL SECTOR IN JORDAN: APPLIED STUDY ON FINANCIAL COMPANIES LISTED IN AMMAN STOCK EXCHANGE Fayez J.S. Alnajjar, Jadara University, Irbid, Jordan. Mahmood I. Noor, Al-Isra Private University, Amman, Jordan. Nazem M.M. Al-ahmad, Jadara University, Irbid, Jordan. Suzan S. Issa, University of Petra, Amman, Jordan. ABSTRACT The study adopted a comprehensive survey of companies listed on the Amman Stock Exchange, in order to identify the most important effects of the global financial crisis on the financial sector in general, and its constituent sectors particularly in Jordan, Through the movement of the index for each sector of the financial sectors, the study found that Jordan like other countries in the world has been affected by the global financial crisis, but to a lesser extent due to the lack of modern financial instruments in the financial market such as derivatives. The study found also that the financial sectors in Jordan has recorded a sequential decline it was most severe in the diversified financial services sector, followed by the real estate sector and the banking sector varied, then the insurance sector, where it notes that the diversified financial services sector and real estate sector have been a sharp rise at the beginning of 2008 so they are the most affected at the time of the global financial crisis, as shown by the similarity of the study of vulnerability to a large extent. The study also found that the financial sector in Jordan in general...
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...economy on Real Estate sector Nilisha Parikh Proposed guide(s): To be identified 31 December 2012 Background and need for the study "India is projected to grow at 5.9 per cent in 2012-13 compared with 6.5 per cent in 2011-12," The UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report titled 'South and South-West Asia Development Report 2012-13. Recession is often accompanied by inflation and unemployment. The existence of these two things has a major effect on the real estate market. Since people have no jobs, they have problems paying the mortgage and also the interest rates increases because of inflation. Inflation also causes people to reduce spending, which lead to low sales. So, the real estate investments will be affected heavily. Hence this study will be carried out to find out the effect on the demand and supply, developer’s strategy to sell the accumulated inventory, etc. Aims (OR research questions) and objectives To study the effect of slowing economy on the Real Estate sector. Methodology • • • • • • • Finding paramaters, which affect real estate sector. Taking case studies of other slowing economies due to the global crisis. Studying the past trends. Studying the present scenario by preparing a questionnaire and survey the people wanting to invest in the real estate. Studying the market and developer’s strategy, their target customers. Finding the demand and supply Forecast the future trends Expected outcomes The study shall conclude...
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... | | | | | | | |The cultural and social influences on the buying behaviour process: the Pirelli RE case study | | | | | |IM44 | |Marketing Research Project, Fall semester of 2009...
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...Fin345 Session 2 Why Study Real Estate? Part 1 – Present Economic Considerations Demographics shaping your future and the future of real estate 2 Housekeeping Items 1. Seating Charts 2. Finance 336 and WA. State R.E. licensure • RE Fundamentals 60 hrs. (FIN 345=60 + FIN 346=15) • RE Practices 30 hours available on line from: • Rockwell ceshop proSchools and many more • Cost for proschools $199 • Exam prep. tests usually run around $99 • Pass broker exam • Fingerprinting 3 Monday’s Homework Assignment BOOK - Read Chapter 1 Question – Labor Stats. 1. Define U-3 and U-6 - One or two sentence hint: (http://www.bls.gov/lau/stalt.htm) 2. Find the U-3 and U-6 Percentages for Washington State 4 Today’s Topics The Economy – effects upon, and from, R.E. – Demographics (for whom) – Employment (why is this important to R.E.?) – Age cohorts (what effect could this have upon R.E.?) – The R.E. market changes -- but -- it never goes away – R.E. related investing -- knowing where to look and what to look for (for you and your clients) 5 Unemployment Figures A Closer Look 6 Employment Changes Over Time Animated Unemployment Map – Used with permission of LaToya Egwuekwe 7 Discussion of U-3 and U-6 figures • • • • • • • What figure do we hear about on the news? How does the BLS obtain these numbers? As students, are you in the labor force? What does U-3 represent? What does U-6 represent? Is U-6 all the unemployed...
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...Dissertation on the Real Estate Sector of Mumbai and the Indian Middle Class Abstract The global financial meltdown had hit the real estate sector all around the globe, and Mumbai real estate sector is one such amongst them. The specific segment is plagued by reduction of demands, lowering of prices, inventory accumulation etc. In order to maintain their sustenance, they now want to target the middle class segment of the society. The entire purpose of this dissertation was to identify in the present economic conditions of the country, the target customer for such real estate sector. In order to conduct the research, a mixed research methodology is adopted deploying both qualitative research as well as quantitative research. Relevant research instruments were chosen, and 10 respondents were interviewed for the qualitative research and 300 individuals were undertaken in the quantitative research methodology. It was found that indeed the middle class with their high aspiration levels, and disposable income were the ideal target for real estate. However, in order to further attract the target customers, a host of suggestions are made. This dissertation is created through thorough referencing from academic journals, books, reports, newspaper articles etc. This paper would also be immensely helpful for students aiming to understand a clear picture of the real estate sector of Mumbai on ways to maintain its growth. Table of Contents Abstract 2 Introduction 5 Background...
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...A study on Purchase Intentions Towards Flat and Land Properties – Influential Indicators and Measurement Statement of problem Now a days the total population of the world passes the 7 billion mark. The growth rate is also significant. The world's current (overall as well as natural) growth rate is about 1.14%, representing a doubling time of 61 years. If the growth rate goes on till 2067, it is expected that the world's population will reach 13 billion (worldbank.org). Many Asian and African countries have high growth rates. For the period 1970 to 1990, the average annual growth rate of urban population was 6.5 per cent for Bangladesh, 3.4 per cent for India and 4.2 per cent for both Pakistan and Sri Lanka (Hugo, 1992). Currently the population growth rate in Bangladesh and Pakistan is 1.6%, in India and Sri Lanka it is 1.3% and 0.9% respectively (worldstat.info). The rate of urbanization is estimated to be 5-6% annually for Bangladesh (REHAB, 2004). About 25% of the people of Bangladesh is now living in urban areas and 34% will be living by 2015 (REHAB, 2004) and 50% by 2025 (Singha D., 2001). Among the Asian countries Bangladesh is the fourth largest with the population of 142 million (BBS 2011), but in terms of the density of population Bangladesh ranked fifth where 1101 people live in a square kilometer. Increased population growth generally represents problems for a country – because of increased need for food, cloths, accommodation, infrastructure, and services...
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...CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND TO THE STUDY In a published report on Business Day by Chuka Uroko (2015), he explained that, Lagos, Abuja and Port Harcourt, Nigeria’ commercial, administrative and petroleum industry capitals respectively, are the top real estate investment destinations, and account for as high as 65 percent of all activities in this asset class, a report by the National Bureau of Statistics has revealed. The report indicated that Lagos has the greatest amount of real estate activities at 37 percent, followed by Abuja with 22 percent and Port Harcourt (Rivers State) with 6 percent, all covering 65 percent of real estate activities in the country. The trio, often regarded as Nigeria’s traditional cities, have seen increased tempo of activity in real estate development and much of the investments that have gone into real estate in the country in the last decade were concentrated in these cities. Nigeria’s has a burgeoning real estate sector, which by the GDP rebasing exercise in the country in April 2014, was discovered to be the fastest growing and sixth largest sector in the Nigerian economy, explaining the rising level of investment in the sector by both local and foreign investors. Foreign direct investment (FDI) is defined as “an investment in which a firm acquires a substantial controlling interest in a foreign firm (above 10 percent share) or sets up a subsidiary in a foreign country” (Chen, 2000). The International Monetary Fund adds...
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...profitable a company's assets are, in generating revenue (Wikipedia, 2015). While a Net Profit Margin is the percentage of a company’s revenue that remains as their net income after operating expenses, interest, taxes and preferred stock dividend have been deducted to its total revenue. C Background of the Study The Philippine real estate sector is likely to remain rosy until 2016 on strong economic growth and bullish prospects of the business process outsourcing (BPO) industry, (Amojelar, 2014). According to the US-based CBRE Group, with all the gains seen across the traditional strong office and retail segments of the real estate sector, it is to be expected that the country will continuously have a robust during 2015. CRBE Philippines also doesn't see any sign of slowdown in the real estate business until 2016 mainly because a lot of companies are expanding. Despite of the increases in rental rates across all business districts, good news still remains that investors are willing to pay for the quality and value that they can get in the Philippines. Since Real Estate business is one of the most emerging industries in the country, many firms compete in this field. The top three real estate companies in the Philippines are Ayala Land, Inc., SM Prime Holdings, Inc. and Megaworld Corporation. C, R Megaworld Corporation was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989. It is a subsidiary of Alliance Global Group, Inc. and it has a market capitalization of...
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...Real Estate Research Process RES 341 / Research and Evaluation 1 March 28, 2011 Professor Real Estate Research Process Introduction Every individual whether they are aware of it or not, base their decision-making on some form of statistical data. Simple everyday decisions are made through rationalizing a problem or opportunity, forming a hypothesis, analyzing information, and determining a decision based on the gathered information. For the purpose of practicality, Team A has chosen real estate market data gathered from the website for the Statistical Techniques in Business and Economics (2008) textbook to formulate and define a chosen problem, attempt to delineate the purpose of the research into the variables that affect the problem, propose a hypothesis and its research conduction, and briefly discuss the remaining steps in the research process the team will follow to complete the final project. Purpose of the Research According to Sekaran (2003), knowing the purpose of the research being conducted is the first step to understanding and defining the problem and reaching a hypothesis. Articles of clothing are usually priced for the quality of the material, the amount of material being used, and the perhaps the brand of the maker. However, this common-sense rule does not apply in real estate all of the time. The real estate market has always been an intricate web of real estate agents, negotiations, and many confusing rules. Buyers may wonder why a one-bedroom...
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...Future of Real Estate Business (Ready-made Flat) in Khulna City Feroz Ahmed *, Md. Reaz Uddin**, S. M. Rasel Ahammad*** ** * Professor, Business Administration Discipline, Khulna University, Khulna 9208, Bangladesh Assistant Professor, Business Administration Discipline, Khulna University, Khulna 9208, Bangladesh *** Territory Officer, Transcom Mobile Ltd. Bangladesh Abstract- Real estate is a fast growing industry in Bangladesh. Earlier this business was concentrated in Dhaka, the capital of Bangladesh. Later on, it spreads in various major cities of the country. The present study has paid efforts to explore the future of real estate business in Khulna, a major divisional city of Bangladesh. A structured questionnaire was used to collect data from Khulna city area. Respondents were selected carefully considering their potentiality to be a flat or house owner in this city. The study has identified income of potential buyers, land price, hassle of buying a flat, developers’ performance and their trustworthiness, and availably of land will determine the future of real estate business in Khulna region. Consumers’ income has been found statistically significant. prospective customers toward real estate business and developers whether they will accept the real estate service or will construct house by own along with the probable reason behind their perception. Khulna City is a prospective city for real estate business for its own charm and industrial status. So, this study has investigated...
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