REAL 1820 Lecture Notes - Lecture 1: Information System, People Skills, Market Analysis
28 Nov 2015
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Document Summary
Real estate - legal term that encompasses land along with anything permanently affixed to the land, such as a building. Real estate is fixed in location. Finance, accounting, management, information systems, statistics, Negotiation, design, planning and regulation, business law. Analytical skills - geek, not as good with people, hard- core thinker. Research and consulting - do research on market trends, economic forecast, etc. The sell these findings to those who need them. People- oriented: good at talking with/dealing with people. Like interacting with others and have excellent social skills. Real estate agents or brokers - they represent buyers and sellers, landlords or tenants in exchange for a fee. Property management: they work closely with tenants, doing duties like tenant retention, cleaning, maintenance, repairs, etc. Analytical + people skills : jobs that need both. Institutional investors - involved in large- scale real estate transactions (10 million and up. )
