Real Estate Business Essay Example | Topics and Well Written Essays - 3500 words

Real Estate Business - Essay Example me scholars gave that the word real property coinage came from a Spanish word real which means a king it puts that all the land belonged to the king and the people using it had to pay taxes to the king for its use either directly or indirectly. Real estate has become one of the biggest aspects in recent times and owing to the ever increasing interests in private property ownership it is known as commercial real estate. The required substantial investment in real estates and the unique nature of each has necessitated the development of key distinct fields in development of its industry (Rees, and Hayward, 2000) some of these are; Valuation and appraisal -services offered by experts in this sector Development -fixing or replacing investments such as buildings on land to increase its utility. Corporate real estate- achieving the goals of a corporation by managing its real estates Property management-controlling and organizing the functions of a real estate for a given party Brokerage- effecting or facilitating real estate business transaction through mediation. Net lease-the tenants of a real estate sharing the property among themselves A business entity can deal with one or more of the above fields in a certain kind of real estate business such as commercial, residential or industrial property. It is clearly evident that almost all businesses in construction relate to real estate (Isaac, 2002). Real estate valuation and appraisal is development of market value opinion of real property in business concept. Different property investments are usually distinctly identical given the fact that even if they are of the same model they can never be in the same location at a time, this situation shows the significance of the need to make appraisals and valuations of real...The author of the research essay "Real Estate Business" begins with short introduction of the subject. He assumes that a real estate that is synonymous to real property or realty is a word used to describe land and or with its developments like buildings or any other development that lay on it. Its aspects are well stipulated in the law of many countries in the world. In law the real property is clearly distinct from personal property. A real property is immobile, that is any investment whose title is only transferable along with the land such as the land itself and any thing that is permanently fixed to it for e xample minerals, buildings trees among others on the other hand personal property is movable with the owner retaining title not necessarily along with the land. Although it is believed to be not true theory some scholars gave that the word real property coinage came from a Spanish word real which means a king it puts that all the land belonged to the king and the people using it had to pay taxes to the king for its use either directly or indirectly. Real estate valuation and appraisal is development of market value opinion of real property in business concept. Different property investments are usually distinctly identical given the fact that even if they are of the same model they can never be in the same location at a time, this situation shows the significance of the need to make appraisals and valuations of real estates to determine their nature as an investment.