Om8910 U03 A1 Slides
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Transcript of Om8910 U03 A1 Slides
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- Introduction and expectations
- Students introductions and expectations
- Review of Syllabus
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- Careers in Real estate - 5 Categories of real property - Supply and demand of real estate - Economic, political, and social factors - Definitions
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- Brokerage - Appraisal - Property Management - Financing - Subdivision and Development - Home Inspection - Counseling and Education
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- Residential - Commercial - Industrial - Agricultural - Special Purpose
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- Property used for the specific purpose of
single – family or multifamily housing, either
in urban, suburban or rural areas.
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- Commercial property includes; business property, office space, shopping centers, stores, theaters, hotels, and parking structures.
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- Industrial property includes; warehouse, factories, land in industrial districts, and power plants.
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- Agricultural property includes; farms, timberland, ranches, and orchards.
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- Special use property includes; churches, schools, cemeteries, and government – held lands.
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- Market - Uniqueness & Immobility - Factors that affect Supply - Factors that affect Demand - Government Controls, Financial policy,
Labor force, Construction cost.
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Galaty, F.W., Allaway, W.J., Kyle, R.C. (2000) Modern real estate practice. Dearborn Financial Publishing, Chicago, IL.