...Agency: Real Estate under Virginia’s Agency Law Code of Virginia Agency Law § 54.1-2130. Definitions. As used in this article: "Agency" means every relationship in which a real estate licensee acts for or represents a person by such person's express authority in a real estate transaction, unless a different legal relationship is intended and is agreed to as part of the brokerage relationship. Nothing in this article shall prohibit a licensee and a client from agreeing in writing to a brokerage relationship under which the licensee acts as an independent contractor or which imposes on a licensee obligations in addition to those provided in this article. If a licensee agrees to additional obligations, however, the licensee shall be responsible for the additional obligations agreed to with the client in the brokerage relationship. A real estate licensee who enters into a brokerage relationship based upon a written contract which specifically states that the real estate licensee is acting as an independent contractor and not as an agent shall have the obligations agreed to by the parties in the contract, and such real estate licensee and its employees shall have no obligations under §§ 54.1-2131 through 54.1-2135 of this article. "Brokerage relationship" means the contractual relationship between a client and a real estate licensee who has been engaged by such client for the purpose of procuring a seller, buyer, option, tenant, or landlord ready, able, and willing...
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...Report on Real Estate Financed by IDLC Finance LTD. Date of Submission: 11th April, 2015 Department of Finance University of Dhaka Submitted to Hussain Ahmed Enamul Huda Lecturer Department of Finance University of Dhaka Submitted by Group SL | Name | ID | Remarks | 1 | Sifat sadia | 17-003 | | 2 | Barna Paul | 17-047 | | 3 | Maghla Hossain | 17-061 | | 4 | Saima Sultana | 17-069 | | 5 | Nawsina Arif | 17-085 | | Date of Submission: 11th April, 2015 Department of Finance University of Dhaka Letter of Transmittal 11th April, 2015 Hussain Ahmed Enamul Huda Lecturer Department Of Finance University Of Dhaka Subject: Report on the Real Estate Financing of IDLC Finance Ltd. Dear Sir, It gives us enormous pleasure to submit the report on the Real Estate Financing of IDLC Finance Ltd as a part of our course named Real Estate Finance (course code F-410) as per the Advisor’s instruction. We expect this report to be informative as well as descriptive. Working with such a topic was an inspiring experience for us. We believe that the Knowledge and the experience we have gathered will facilitate us a lot in my future career life. With our limited knowledge, we have tried our level best to prepare the report worthwhile. Your acceptance and appreciation would surely inspire us. For any further explanations about the report, we will be gladly available to clarify the ins and outs. Sincerely Yours Sifat Sadia Id No: 17-003 On...
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...in a lease that ensures that the landlord will not interfere in the tenant's possession or use of the property is the covenant A) of warranty forever. B) of seisin. C) against encumbrances. D) of quiet enjoyment. 2.Nine The availability of funds for real estate mortgage loans is affected by the Federal Reserve System through which of the following? A) Federal National Mortgage Association B) Federal Housing Administration C) Resolution Trust Corporation D) Discount rates 3.Nine The closing statement involves debits and credits to the parties in the transaction. A debit is a(n) A) adjustment for an expense paid outside of closing. B) refund. C) proration. D) charge. 4.Nine The purpose of an appraisal is to A) determine the projected income of a property. B) set the amount of consideration the seller should accept from a purchaser. C) set the market price of a property. D) estimate the value of a property. 5.Nine The income approach as used by an appraiser makes use of which of the following? A) Depreciation B) Capitalization C) Equalization D) Appreciation 6.Nine A written summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called a(n) A) title insurance policy. B) abstract of title. C) affidavit of title. D) certificate of title. 7.Nine A property manager's primary obligation is to A) bankers. B) tenants. C) government authorities. D) owners. 8.Nine All of the...
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...Introduction When the stock market goes up one day, and then goes down for the next five, then up again, and then down again, that’s what you call market volatility. Historically, the volatility of the stock market is roughly 20% a year and 5.8% a month, but volatility keeps on changing, so we go through periods of high volatility and low volatility. Analysts and experts have different opinions about what you should do in volatile markets, and how to scope with stock market volatility or the tendency for share prices rising and falling. Analysts. Justin Stewart, co-founder of Seven Investment Management says: “ Crashes happen. If you are a longer-term investor, you should look straight through them and remember the power of compounding dividends, or in cone arising on income.” Andrew Humphries, a director of St James Place Wealth Management, thinks that Diversification is very important and having a portfolio that is solely exposed to one asset class- be it equities, bond or property- is dangerous and all investors should ensure they hold an appropriate range of assets” Andrew Bell, the chief executive of Witan Investment trust advised: “ It is better to buy into fear and cheapness and sell into euphoria and high valuation, as long as you can endure the period before trends reverse. Investors should have this tattooed somewhere to prevent natural human psychology from making them do the opposite. Bill Mott, the manager of PSigma income, said “ in an uncertain world, investors...
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...Real Estate Finance F-409 Submitted To Farzana Lalarukh Associate Professor Department of Finance University of Dhaka Submitted By No Name Roll 1. Masud Ahmed 16-014 2. Khaleda Aziz 16-024 3. Akhter-E-Tamanna 16-102 4. Sameya Azad 16-152 5. Mohammad Mominuzzaman Bhuiyan 16-174 Date of Submission: 17-2-14 Date: 17-2-14 Farzana Lalarukh Associate Professor Department of finance University of Dhaka Subject: Submission report on “ Long Run Perspectives of Developer in Bangladesh” Dear Madam, We are pleased to submit the report you have assigned to us. The report paper was to prepare the term paper on the course named “Real Estate Finance” course code: F-409, as a part of our academic activities. Working on this report was a great opportunity for us to apply our theoretical expertise, sharpen our view and ideas. Finally, we are very thankful to you for giving us an effective topic to prepare our report and we are waiting eagerly for any kind of question you may have concerning our report. Sincerely yours On Behalf of our Group ………………………. Sameya Azad This is high time we conveyed our deepest gratitude and sincere submission to the Almighty ALLAH for giving us the opportunity to accomplish such an enjoyable task of preparing this report in time. We express our thanks to our dear course teacher Mrs. Farzana Lalarukh for assigning us a report dealing with the Real estate sector and...
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...CHAPTER 1: INTRODUCTION At present real estate sector (RES) is one of the booming sectors in Bangladesh. Day by day as time passes on, this sector is becoming healthier since the substantialgrowth of population is creating a tremendous housing problem and due to theincrease in demand of commercial spaces this sector has come into being. This sector provides an integrated and planned package to resolve these problems. 1.1 Purpose This report briefly reviews on the RES in Bangladesh in recent years and recommendsfor both the real estate developers and the government policy of Bangladesh on RES. 1.2 Scope The RES has so far spread its wings over Dhaka, Chittagong, Khulna, Rajshahi andSylhet. This report focuses only on the flourishing of real estate business in Dhakaand the real estate developers which are members of Real Estate & HousingAssociation of Bangladesh (REHAB) especially the prominent ones. 1.3 Limitations This report has been prepared based on secondary data. Concentration of real estate business in Dhaka may not reflect equal urgency in other cities mentioned earlier.This report does not include some of the problems created by illegal and unfair practices of very few of the developers, which is damaging the image of this sector. 1.4 Assumptions Recommendations of this report are based on the assumptions that REHAB will prevail and RES will keep on flourishing rather than recede or retard CHAPTER 2: EMERGENCE OF REAL ESTATESECTOR IN BANGLADESH The concept...
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...intending home buyers about the state of real estate market in Houston. My focus is on Houston because this where I reside, having said that my interest in real estate and issues related to the housing market has also been a source of inspiration. My feature story which I intend to publish in a magazine called Houston Realtor, a professional magazine for real estate agent in the city of Houston will inform my audience of the reason why they can buy in that city. Prior to 2006 in the United States the Housing market was bubbling, banks were giving loans and by early 2006 housing prices reached their peak. Later that year and in 2007 and up till 2008 the United States recorded increase in foreclosure rate among home owners. According to the case- Shiller home price index reporter its largest price dropped in his history. Between that time and now the Houston real estate market remains one of the strongest in the country. According to statistics generated from many real estate and economic analysis the general conclusion is that the Houston real estate market was ranked the no.2 this year, in terms of home values. According to research Houston gained nearly 10,000 new jobs in 2010 because the real estate market is attractive, hesitant home buyers have a good reason to go ahead with their purchase. Mortgage rates are expected to stay below five percent. The phrase “Now is the time to buy” it’s very applicable to the Houston area real estate market. This article will go through...
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...the upper end of the range of possible transaction prices. d. is unique to the individual investor and need not be closely related to market value or most probable selling price. 3. The term market value, as generally employed by appraisers, means: a. the most probable price a property will bring in a competitive and open market under all conditions requisite to a fair sale. b. the most probable price that will result from arm’s-length bargaining between an equally informed buyer and seller. c. the highest price in terms of money that a property will bring if exposed to the market for a reasonable length of time. d. the price a prudent buyer would pay if fully informed of all relevant facts regarding the property. 4. The relationship between investment value and most probable selling price is: a. investment value will always exceed most probable selling price, at least by the amount of the transaction costs. b. most probable selling price will always exceed investment value, at least by the amount of transaction costs. c. investment value may be greater or less than most probable selling price, and the difference will approximate transaction costs. d. investment value need not be closely related to most probable selling price. 5. Which of the following is a real estate investment decision? a. Purchase of a $50,000 interest in a partnership which develops...
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...Indiabulls Real Estate Ltd. “Focus is the single most important virtue that will lead us to our goals.” Sameer Gehlaut, Chairman, Indiabulls Real Estate Ltd (2007) If the essence of the Indiabulls story were to be communicated in one word, the word would be “focus”. Indiabulls began its journey as an online brokerage start-up in the year 2000, and within a span of mere 10 years it has become India’s largest retail brokerage firm, and one of the largest non-banking financial institutions in India. The group has achieved unparalleled growth – successfully venturing into real estate business, and power sector as well. Incorporated as the real estate arm of Indiabulls Financial Services Ltd (IBFSL), and demerged in 2006, Indiabulls Real Estate Ltd (IREL) has been involved in project development and construction, project management, investment advisory and other allied services in the real estate space. Indiabulls Power, incorporated in 2007 as a 100% owned of subsidiary of IREL, was also soon demerged keeping in line IBREL’s strategy of demerging its non-core businesses in order to remain focused. One rationale behind the step was that all companies need to be independent in order to attain focus and to ensure that one balance sheet does not, in any manner, affect the other. The second reason was that the firm did not want to expose their real estate shareholders to project execution risks of the power sector. The third rationale was that power business would eventually be...
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...Introduction When the stock market goes up one day, and then goes down for the next five, then up again, and then down again, that’s what you call market volatility. Historically, the volatility of the stock market is roughly 20% a year and 5.8% a month, but volatility keeps on changing, so we go through periods of high volatility and low volatility. Analysts and experts have different opinions about what you should do in volatile markets, and how to scope with stock market volatility or the tendency for share prices rising and falling. Analysts. Justin Stewart, co-founder of Seven Investment Management says: “ Crashes happen. If you are a longer-term investor, you should look straight through them and remember the power of compounding dividends, or in cone arising on income.” Andrew Humphries, a director of St James Place Wealth Management, thinks that Diversification is very important and having a portfolio that is solely exposed to one asset class- be it equities, bond or property- is dangerous and all investors should ensure they hold an appropriate range of assets” Andrew Bell, the chief executive of Witan Investment trust advised: “ It is better to buy into fear and cheapness and sell into euphoria and high valuation, as long as you can endure the period before trends reverse. Investors should have this tattooed somewhere to prevent natural human psychology from making them do the opposite. Bill Mott, the manager of PSigma income, said “ in an uncertain world, investors...
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...REVISED FEBRUARY 11, 2015 CRAIG FURFINE KEL553 Wildcat Capital Investors: Real Estate Private Equity “Okay. Now we’re even,” said the voice on the telephone. As he hung up the phone, James Tripp, managing director of Wildcat Capital Investors, thought back to that beautiful summer evening two years earlier when he was about to enter Ravinia Park to enjoy a performance of the Chicago Symphony with his friend, commercial real estate broker Katherine O’Brien. The sound of scraping metal had caught Tripp’s attention just in time for him to save O’Brien’s life—or so he liked to claim—by blocking an approaching bicyclist headed straight for O’Brien in a reckless attempt to cross the track ahead of an oncoming train. At the time Tripp had joked, “Now you owe me.” Referring to the opportunity to purchase a piece of commercial property before the sale became public knowledge, he continued, “How about showing me a great off-market deal some day?” Now, in September 2009, it seemed that O’Brien had indeed returned the favor. The opportunity O’Brien had just briefly outlined on the phone sounded perfect for Wildcat. Financial Commons was a 90,000-square-foot office property located in the Chicago suburb of Skokie. The building was 90 percent occupied and was being offered for what seemed like an incredible price of $10.4 million. Given the bleak commercial market environment at the time, such opportunities were few and far between. But Tripp knew there were many factors...
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...Developing Country Studies ISSN 2224-607X (Paper) ISSN 2225-0565 (Online) Vol 2, No.2, 2012 www.iiste.org Real Estate Industry in Chittagong (Bangladesh): A Survey on Customer Perception and Expectation Moslehuddin Chowdhury Khaled 1* 1. 2. 3. 4. Tasnim Sultana2* Sujan Kanti Biswas3* Rana Karan 4* Lecturer, School of Business, Independent University Bangladesh, Chittagong, 12 Jamal Khan Road, Chittagong 4000. Phone: 01675002980 email:-mmckhaled@gmail.com Assistant Professor, Faculty of Business Studies, Premier university, Chittagong, Bangladesh email: tasnimmosharraf@yahoo.com Assistant Professor, Faculty of Business Studies, Premier university, Chittagong, Bangladesh email: sujan_kbt@yahoo.com Assistant Professor, Faculty of Business Administration, BGC Trust University, Chandanaish, Chittagong, Bangladesh, email:- ranaakaran@yahoo.com * E-mail of the corresponding author: sujan_kbt@yahoo.com Abstract Bangladesh is an over populated country and day by day population is increasing rapidly which created the housing problem. Land prices skyrocketed. Due to high price, insufficiency of land, high cost of land registration, and high price of building materials, people are now not interested to buy a land for building their own house. This article shows the customer perception and expectation in different dimensions budget, types of apartment, size of apartment, favorable location in Chittagong city, favorable facility in an apartment, factors related to purchase decision, factors...
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...interest of investors and business partners, the well-being of communities that we build and the welfare of the environment. * To be the preferred choice by customers who want a better and healthier environment for families, working communities that will grow and thrive thru time. * To be the benchmark in the industry for novelty and freshness in project concepts, for well-thought of and perfectly executed projects, and for long-term after sales relationship. * To be a caring and motivating employer supporting employees’ knowledge advancement, growth, health and aspirations for a quality life making them responsible citizens in society. * To be a worthy investment to our shareholders, creating and unlocking values of properties we develop which translate into long-term returns for investors. Values We are responsive and responsible to our customers throughout our projects’ life cycles – from concept to completion and beyond. We are future-ready. We are future proof, by design. Objectives ArthaLand is a focused real estate company bringing together a brain trust of experts in property development and management. ArthaLand is an entrepreneurial, world-class, boutique developer of unique, enduring, and sustainable projects in the residential, office, and leisure segments. ArthaLand is a...
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...nternship Report on Real Estate Business / Companies / Industries / Marketing / Development / Housing Association of Bangladesh ACKNOWLEDGEMENT Research for internship program is a very complicated job, especially for a student of MBA who is quite inexperienced in this field. A research project of this nature cannot be completed without active support from different sources. But it becomes easy to me after getting cordial help from the respectable teachers of the Marketing Department. I have been lucky in this respect to have received advice and assurance from many directions. I acknowledge the valuable feedback provided by various Real Estate Companies owner as well as consumer. The theoretical knowledge also helps me perform the project, which was taught by the experienced teachers of the department. So, I am very grateful to the teachers of the Marketing Department. A special mention of appreciation must go to my supervisor and teacher Dr. Dipongkor Roy, Professor for his sincere guidance and cordial assistance. His heartfelt help, experienced guidance and cordial inspiration will remain in my mind forever. I am also grateful to Dr. Narayon Bhowmick, Chairman, Department of Marketing, for their help. Finally, I would like to thank the students of Marketing Department for their cooperation. Sincerely, (Krantic Chandra) 1.1 INTRODUCTION Now a days, flat means own home, personal abode, as well as safe shelter. Because the residential facilities...
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...Introduction: The real estate market is one of the essential components of any national economy. Without the real estate market may not be the market in general as well as the labor market and the capital market by themselves without property are unlikely to exist, as even financial institutions (banks, stock exchanges, investment companies, etc.) must be part of the real estate market to purchase or rent space required for their activities. The development of the real estate market depends on many factors, among which in the first place there are supply and demand. But as every market, real estate one cannot be perfect. Most disastrous situation is appeared at the Honk Kong. The Hong Kong government is trying to curb the price of the houses rise that already counts to 42% by the last 1.5 year. Just this year, home prices rose by 10,5%. It is assumed that by the end of 2012, prices will increase by 12% (HKSAR, 2011). This issue creating a possibility of bubble appears at the property market. This essay will explain main patterns of this issue and provide an explanation of it by the using demand and supply theory (part 1 of the essay), as well as describing some of the possible consequences if this situation will not change in recent time(part 2 of the essay). Part 1: Is it has been mentioned before that real estate market are mainly based on the supply and demand theory. According to Oreste(1997), main property of the demand is that, when there is existing immutability of all...
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