Extract of sample "Problems with real estate career during the recession"
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..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
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The effects of recession are devastating, amongst which, unemployment is termed as a major consequence which ultimately results in a decrease or eventually decline in the income of households. New York City, which is regarded as an international place for business, faced a critical recessionary phase during the recent financial crisis.
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 begins to decline from that stage.
Nevertheless, real estate, in technical terms, denotes the land and all its natural parts for example water and trees, as well as all permanently affixed improvements such as buildings, fences, among others. The term real property and real estate are primarily used in common law.
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”.
Real estate has become a significant sector in the global society. According to Career Overview (2012), a relatively high percentage of financial assets are related to real estate. Those that work and invest in this industry affect people’s lives in one way or another.
Introduction This paper presents a discussion on the differentiation factors between industrial real estate on the one hand and non-industrial real estate on the other, with an intense and thorough look at the case of the Kuwaiti real estate sector. The Kuwaiti real estate sector is seen as exhibiting a trend towards sustained growth from the low that it experienced together with other countries in the Gulf Cooperation Council or GCC in 2008, at the height of the global financial crisis that reached the GCC during that time.
It also makes a comparative assessment of investment outcomes which clearly indicate that UK-based REITS have adopted a market-correlated approach to increase investors' gains with little regard for strategic-operational environment and its multifaceted regulatory bottlenecks.
The author states that the value of real estate has taken the form of man-made structures which has made the value of land increase. Therefore, this has made him as agent to include all forms of tangible fixed capital. This is going to be done by identifying the rights enjoyed by tenants in various estates and the economic benefits of estates.
This paper discusses Arizona’s real estate market crash. Arizona’s real estate market was thriving and bringing revenue when it crashed. The crash was caused by several factors, which had not been foreseen. The economy of Arizona largely depended on the real estate market.
Economists argue that the 2007 housing market crash is the worst ever-housing crash experienced in the history of the United States. In fact, economists argue that the real estate crash of 2007 was partly to
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