...Contract of Sale of Real Estate — Particulars of Sale Part 1 of the standard form of contract prescribed by the Estate Agents (Contracts) Regulations 2008 Property Address: |The vendor agrees to sell and the purchaser agrees to buy the property, being the land and the goods, for the price and on| |the terms set out in this contract. | |The terms of this contract are contained in the— | |( Particulars of sale; and | |( Special conditions, if any; and | |( General conditions; and | |( Vendor's Statement | |and in that order of priority. | |The Vendor's Statement required by section 32(1) of the Sale of Land Act 1962 is attached to and forms part of the terms | |of this contract. | |IMPORTANT NOTICE TO PURCHASERS ...
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...The Real Estate Agents and Brokers Analysis Ying Wang Monroe College Ying Wang, department of MBA, Monroe College. This research’s some data is supported by CRIC Database (Chinese real estate database). Ying Wang, department of MBA, Monroe College, contact: wywangying1202@gmail.com Abstract This paper analyses the real estate agents and brokers with applying Porter Five Forces analysis. The overall objective of the analysis is to determine if the industry is attractive from a competitive structure point of view, using Porter’s Five Forces framework for my analysis of the industry’s competitive structure. According to my analysis, I draw a conclusion about if this industry is attractive for me. Key words: Porter Five Forces, industry analysis The Real Estate Agents and Brokers Analysis Background Industry description The Offices of Real Estate Agents and Brokers’ NAICS code is 531210.This industry comprises establishments primarily engaged in acting as agents and/or brokers in one or more of the following: (1) selling real estate for others; (2) buying real estate for others; and (3) renting real estate for others. After more than 100 years of development, the U.S real estate industry is relatively mature under the legal environment and financial instrument. The house price has increased 2 or 3 times during the past 100 years. As shown in Exhibit 1-1. Exhibit 1-1 Source: “U.S. house prices realty check”, http://www.economist.com/blogs/graphicdetail/2013/06/us-house-prices...
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...Case exercise: Real Estate Taxation in Denmark Question 1. 1. What are the main factors about a real estate that is influencing the sales price? Answer: The factors that I think are influencing the the sales price are: * Location (Copenhagen or Vejen) * Size of the building and land * Condition of the building * Population growth (will effect the demand) * Interest (if low interest then more people can afford to buy ergo more demand) * Economic situation in the country is there ongoing recession or bubble growth * Sales situation (Is it a person that is in a rush to liquidate the real estate or is it a person that will wait for the best price, is it a sale between two people that know each other well, is it a bank selling a foreclosure property) * Unemployment rate * Size of the market (number of sales in a given time and location) * Market price (lets face it sometimes the market price is not based on any locical idea) 2. Which of these factors would you think are available in some data sources? Which of them are not? Answer: The factors that are in some datebases are: * Location * Size of the building * Population growth * Interest The factors that are not: * Condition of the building and land * Economic situation (there is probably not any one fixed number but it will derived from other key points) * Sales situation, this probably needed to be checked via opinon poll * Market price (Same...
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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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...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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...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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...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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...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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...Los Angeles Lawyers Warn About Real Estate Scams Are you thinking about purchasing a new home? Do you wonder how to do it safely? Have you heard constant rumor about real estate scams? If you answered yes to any of these questions than you might need help from a Los Angeles Lawyers. They are the main ones that can protect you from real estate scams. However, there are some precautions you can take on your own. Don't Rush Into A Sale One of the main things lawyers like to warn clients about is jumping into a sale or a closing. Sometimes you have to remember that if something seems to be to good to be true it probably is. If you feel like you are being pressured into a sale, or something that might seem a little sketchy then you should always hire one of the many Los Angeles lawyers to go over...
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...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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...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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...1 of 10 State of Florida Department of Business and Professional Regulation Florida Real Estate Commission Application for Sales Associate License Form # DBPR RE 1 If you have any questions or need assistance in completing this application, please contact the Department of Business and Professional Regulation, Customer Contact Center, at 850.487.1395. Note: Applicants must provide at least one physical address. For fees, instructions, and additional information, see Section VII, pages 8-10, of this application. Section I – Application Type CHECK ONE OF THE APPLICATION TYPES ▪ Sales Associate License [2501/1010] FL Resident (Complete Sections I-V) non-FL Resident (Complete All Sections) ▪ Sales Associate License (See Section VII (2) (a) (i) (b) for more information) [2501/1011] Mutual Recognition - non-FL Residents Only (Complete All Sections) If you are requesting mutual recognition, from what state are you requesting? Section II – Applicant Personal Information PERSONAL INFORMATION Social Security Number* FULL LEGAL NAME Last/Surname Birth Date (MM/DD/YYYY) First Gender Middle Suffix / / Male MAILING ADDRESS Female Street Address or P.O. Box City County (if Florida address) Country State Zip Code (+4 optional) CONTACT INFORMATION Primary Phone Number Primary E-Mail Address RESIDENCE ADDRESS (IF DIFFERENT THAN MAILING ADDRESS) Street Address City County (if Florida address) State Zip Code (+4 optional) Country ADDITIONAL...
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...The Process of Foreclosure Tabatha Prentice BUSN 121: Real Estate Practice Proffers: Steve Kipuros Foreclosure Process Intoduction Foreclosure is a process where a homeowner forfeits there rights to a property because they have failed to pay the mortgage. In some cases a bank may allow the property owner to sell their home via a short sale. If the bank will not grant a short sale the property will go to auction where it will either be sold or becomes bank owned. The word foreclosure has become a very dirty word, but it doesn’t just happen overnight it is a lengthy process. There are five major steps involved in all states missed payments, public notice, pre-foreclosure, auction, and post-foreclosure. Missed Payments The length of which it can take a bank to foreclose on a property can vary by state. Normally it will take at least three missed payments, but can take up to five before the foreclosure process will begin. There are programs out there available for homeowners to help them keep this process from ever being started that include everything from mortgage modification to government assisted programs. For most homeowners foreclosure has almost become of choice mostly related to the decrease in home values we are seeing more and more people who are house poor. Public Notice After a number of payments have been failed to be made the lender will seek out the County Recorder to issue a public notice. This notice can be called many different things depending...
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... In the past 20 years, technology has taken over the routines of our everyday lives. From the start of the day, people are waking up to music generated by cell phones, Ipods and televisions. Virtually every business in the world has a website address attached to its title. In every office from “A”ccounting to the local “Z”oo are using some sort of information system to make their services more efficient and effective, which saves time for individual workers per hour. In my business “R” for real estate, we use a information system called the Multiple Listing Services to support our business process. A real estate website called, real estate abc.com describes the multiple listing services as a big property warehouse. When properties are available for sale, they go into the warehouse. Once a property is sold, it is removed from the warehouse. We cannot actually put properties into a warehouse. A multiple listing service is a collection of private databases used by real estate brokers who agree to share their listing agreements with one another to locate ready, willing and able buyers for properties more quickly than they could on their own. The business process in my organization is to pre-qualify a person who wants to become a client and purchase a home. The procedure is to gather personal information and permission from the customer to submit their personal data to our preferred lender for credit verification. If the customer meets the minimum requirement...
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...skills to a growing company in need of top-level support. Excellent organization, communication, and relationship-building skills. Articulate and friendly with a professional demeanor.experienceMost of my background is with my family’s Full Service Real Estate company; Property Management. In my time working with Eastside Real Estate Services; Property Management, I meet with clients as well as prospective clients. I am also the Administrative assistant/Assistant manager to the Owner.I have an outgoing, upbeat personality with an independent focused work ethic. My Duties consist of: Setting Up appointments, Filing and developing documents, E-mailing clients, answering telephone calls and retrieve messages; following up on client request. Overseeing contractors, showing residential and commercial properties. Assisting the broker as well as agents.JoB EXPERINCEVector Marketing – sale representative Start: 2008 End: 2009 Address: 28349 Gratiot Ave Roseville, MI 48066Duties: Sales rep, demonstrating products, writing up and processing orders.Mobile Mart-Lottery Machine Clerk and CashierStart: 2013 End: 2014Address: 17046 Harper Ave, Detroit, MI 48224Duties: serviced costumer on the lottery machine; cash register.Eastside Real Estate Services- Administrative Assistants/Assistant ManagerStart: 2007 End: presentAddress: 18530 Mack Ave 244#, Grosse Pointe Farms, MI 48236Duties: Setting Up appointments, Filing and looking up documents, E-mailing clients, taking calls and retrieve &...
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