Nobody downloaded yet

Problems with real estate career during the recession - Research Paper Example

Comments (0) Cite this document
Date Problems with Real Estate Career during the Recession Table of Contents Executive Summary…………………………………………………….2 Introduction…………………………………………………………….3 Research……………
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Problems with real estate career during the recession
Read TextPreview

Extract of sample "Problems with real estate career during the recession"

Download file to see previous pages ..11 Works Cited……………………………………………………………….12 Executive Summery Real estate market is among the most dynamic market in history. Despite the fact that the market is not that large, many processes need to run successfully. Many economic issues as well as legal matters that make operation in it not that easy bind this market. Investing in real estate is only profitable when the economic gaps are high, but quite challenging in low economic seasons. Working n real estate does not offers difficulties to the investors only, but also to their selling agents. Brokers normally earn handsomely in peak seasons despite some few challenges they encounter during their marketing. However, in recession times a lot of risk with little satisfaction is what they encounter in the job. There are several challenges that they meet in their operation, including the fact that this sector is much dominated among few buyers at the recession times. This creates a very stiff competitive environment that discourages their prosperity. Marketing real estate products pose difficulty due to the high expectation from the sellers from the brokers. Despite the economic falls, sellers still expect to fetch great prices for their products that become unachievable by the agents. Emerging trends in the real estate such as such as Mortgage Assistance Relief, MID and QRM creates changes in the brokers work environment. This forces the brokers to adjust to the running occupational changes that normally are not easy. During economic scarcity loaning system are much reduced that only a few clients are available in the market. The agents hence find no market for their services in the market. In such cases generally earns very little to support them. Because of these challenges, working in this career is normally very hard, and mitigation measures are necessary to protect this employment sector. Several recommendations encompassing legal aspect, market protection, financial security, diversification, technological adaptation and teamwork have been proposed for implementation to see these groups succeed and enjoy their career. This proposal was made after a rigorous research and study in the field. Introduction For many years, the lives of real estate agents have been unbearable, especially during recessions. Due to this, the brokers sent their pleas to the ministry of labour in the late 2007, following the start of 2007 and 2009 recession. This was taken as an appropriate moments since studies could reveal situations of the real estate brokers from the start to the end of economic hard times. The Ministry in turn sent a group of experts to study the problem and recommend as appropriate. This report was presented to me, a broker and the secretary of the real estate brokers in the Washington. Besides, the report was tabled before the representatives of real estate agents, real estate investors and representatives from government policy makers and planners. This was carried out in a two days seminar in Washington. The report was aimed at ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Problems with real estate career during the recession Research Paper”, n.d.)
Retrieved from
(Problems With Real Estate Career During the Recession Research Paper)
“Problems With Real Estate Career During the Recession Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Problems with real estate career during the recession

Real Estate and Recession

...? REAL E AND RECESSION Client RECESSION AND REAL E MARKET The 2007 global financial crises created several challenges and problems for different organizations, countries and financial experts. This financial crunch was a result of energy crisis, on-going recession, automotive industry crisis, Euro zone crisis etc. However, the most important cause of this global financial crisis was the burst of housing bubble in United States which led to several other problems. Real estate bubble is created as a result of rise in values of property which reaches to levels that are unsustainable and then...
4 Pages(1000 words)Research Paper

The Recession Has Affected New York City Workers

...middle class life and he was affected mentally and physically by it, his health also started to weaken. After continuous struggle and never ending hard work he got a physiological exerciser job. But still the job did not match the lavishness of his old real estate job; however, he tends to satisfy with his new small job after the occurrence of such negative outcomes as a result of recession but the fear of being laid off still lies in his heart. This job is satisfying in a manner that it is peaceful in its way and there are no discriminations in it. According to him having a union would be positive as it can support you morally and during the times when people are being...
3 Pages(750 words)Research Paper

Real Estate 2008, at the height of the global financial crisis that reached the GCC during that time. In tandem with some good prospects for other GCC states, such as Qatar which is expected to benefit from the real estate boom fueled by its hosting of the World Cup in 2022, Kuwait is seen as enjoying a boost to its real estate sector in general moving forward, with positive signs in 2012. Of the three segments, residential, investment and commercial segments in Kuwait, it is the residential sector that has seen much growth in 2012, followed by the investment segment, and with the commercial segment trailing and exhibiting problems and poorer...
10 Pages(2500 words)Research Paper

Career in Real Estate

...Career in Real Estate Many underestimate that career in Real Estate can guarantee financial success, after my observations, I have concluded that success in Real Estate comes with many sacrifices, struggles and expenses. In earlier stages of my life, I have seen that, most people would like to escape their careers. Their “jobs” only survived to get “financial success”. Millions of people, who did this, and shortly the ‘sweepstake’, were evidence to the “let me out of here” imaginings of most. Times may have changed now, but the reality that nearly everyone is not satisfied with their...
4 Pages(1000 words)Essay

Real Estate immense growth of 19.7%, as well as a CAGR of 13.5% during the period 2000 to 2005. This sector was buoyed by the increase in investment in infrastructure, the rise in the residential and non-residential units, and the country's development into an eye-catching tourist destination. Because of the country being transformed indication to the rise in residential and non residential units The real estate and construction sectors both accounted for 14.6% of GDP via government in 2005 (Marcus& Howard p 76). Dubai, the most important market for foreign investments has made some crucial improvements over the last few years. After allowing 100% possession for foreigners in selected...
8 Pages(2000 words)Essay

Real Estate the dimensions of my home will come to approximately 120 dollars per square feet. That will make the property worth $210,000. This is much more expensive than buying a new home. The different comparisons made in this paper were necessary due to the fact that the country is facing a recession and hence the market price does not reflect the real value of the property. As shown above, the market value per square foot was $95 per square foot for homes in March 2009. Per square feet value for homes available for sale was even less at the time of calculation. But construction costs have not come down to a great extent because of the prices of materials like concrete and wood needed for construction is not...
2 Pages(500 words)Essay

Real Estate

...aids (California Real Estate Association, 1936). The government was also facing financial problems as the government banks and estates were easily issuing loans to the people and when the housing market crashed the people became unable to pay back their loans and many companies filed bankruptcy and the banks had no more money to lend. The entire economy collapsed. With aids and donations the economy started to recover a bit in the next few years. To recover completely from such a recession certainly takes a lot of time. The buying and selling of houses can be again started to come in view and mortgage values have also decreased form the hiked rates and...
2 Pages(500 words)Essay

Real estate

...the year 2007 to 2009 economic recession in order to save cost on operation and mitigate the effects of low income for the organization to ensure their survival. The companies are strengthening their organization base to ensure smooth operations of the firms (Western Mail, 2011). For example, DTZ ensures that they hire and maintain experienced staff to eliminate hiring and training cost. They also involve their employees in managerial roles to ensure that all the workers are aware of the firms’ goals and pursue them. Another strategy used by UK real estate firms to ensure they thrive during economic hardships is engagement in construction of cheap houses for low income...
10 Pages(2500 words)Essay

Real estate

...Ways That Real Property Is Transferred and the Procedures for Doing So Real e refers to land, buildings, houses andany other developments that may be connected to real property (Abts, 2002). Real estate is also known as real property, immovable property or realty. Legal ownership of real property rests with the owner of the legal documents of ownership such as the title deeds. Transferring property from one person to the other involves transferring the documents of ownership to the new owner (Abts, 2002). There are several rights of ownership that are recognized by law as far as real...
2 Pages(500 words)Essay

Exploring Entrepreneurship in Dubai

...with the board and brainstorming are necessary to keep the board together and establish a unifying path to success. Company analysis Mr. Omar ventured into real estate in 1970, hospitality in 1980, shares in 1990 and education in 2004. He has always looked towards diversifying the group’s interests to maximize the group’s potential as a powerhouse in the UAE. Mr. Omar’s main interests lie with real estate, hospitality and shares. The group has had the advantage of having ample funds and resources at its disposal. The only major issue that the company is facing is the recession. Dubai’s property boom faced a major downslide and property prices and...
13 Pages(3250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Problems with real estate career during the recession for FREE!

Contact Us