Opportunities in Real Estate Flashcards
PROJECT SELLING
- “rawland” is subdivided into smaller lots for selling to individual buyers.
-offers amenities and features to make the project an attractive and sustainable community
- from subdivisions to townships
Condominium Selling
The shift towards smaller living, need for accessibility to work manageable lifestyle has driven this sector off the charts.
Industrial Selling
are the sales of lots designed for manufacturers, processors and producers
of goods sold to commercial businesses
(e.g. factories, storage facilities, mining, shipping operations)
Club Shares
time, membership, use of facilities is sold for the enjoyment of the buyer (e.g. golf and country club shares, time shares, memberships in resorts)
Memorial/Columbarium
investing in memorial lots
General Brokerage/Rawland Selling
land banking or land assembly
Leasing
this is where an owner of a property allows another the use of the property for a fee (i.e. lessee, lessor, rent)
Foreclosure
is the legal process by which a lender attempts to recover the amount owed on a loan by taking ownership of the mortgaged property and selling it.
REAL ESTATE DOCUMENTATION EXPERT
Title Transfer, Estate Settlement, Tax Declaration Transfer.
DIGITAL IT SUPPORT
They help the realty in developing the brand, running the website, creating posts,
generally running the business through multi media.
VIRTUAL ASSISTANT
specialize in offering administrative services to clients from a remote location, usually a home office (i.e. scheduling appointments, making phone calls, making travel arrangements, and managing email accounts and social media accounts)
REAL ESTATE EDUCATION
Credentials Needed :
Broker, Appraiser, Consultant, MBA, PhD.
PRC Accredited Lecturer : 10 years in Real estate education, 5 years in practice.
Accreditation as a Real estate lecturer by PRC-PRBRES.
PROPERTY MANAGERS
they do the daily oversight of residential, commercial, or industrial real estate by a third-party contractor, they take responsibility for day-to-day repairs and ongoing maintenance, security, and upkeep of properties.
ENVIRONMENTAL PLANNERS
does site planning analysis for residential, commercial, industrial and other land uses.
Factors Affecting Real Estate Investing
- Demographics
- Interest rates
- The economy
- Gov’t Policies / Subsidies