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Definitions And Objectives Of Real Estate

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Executive summary The study of this paper aims to give a clear understanding of the terms used in real estate closing meeting. For over a long time research conducted by scholars on these terminologies has shown that real estate business can directly or indirectly be determined by adhering to such terms. Although there are many such terminologies used in closing meeting of real estate, this paper will focus on just a few terminologies which include the deed of title, APR and contingency, this paper also aims to show the importance of these terminologies, its advantages, disadvantages and benefit arising from such arrangement. The study will rely on the primary data collected through methods such as interviews, focus group discussions …show more content…

Commonly terms such as annual percentage rate, deed of trust and contingency are going to be used as keyword for search to helps the stakeholders in the real estate business to reach a conclusive agreement without the need to need to take legal or have one side at a disadvantaged end and thus enabling real estate’s attain higher standards in making sure that they provide quality service. These commonly used terms as well have a number of advantages (Friedman, J. P., Harris, J. C., & Lindeman, J. B. 2008). This terminology as well has some disadvantages during their implementation (WOLF, 201; Gadish, 2014) Several researches have been carried out to identify other clauses which can be inserted to these terminologies so as to improve on their quality of service in real estate business. These are some of the academic sources that the research study will use to support the topic of the study.
Benefits of study The study has a number of lessons learnt; first it helps firms to learn of new ways, which can be used to improve the real estate business. It provides correlation between the stakeholders in the real estate and improvement of total quality process of this service. It as well helps the real estate stakeholders to know where focus should be put by the various stakeholders to ensure that real estate terms and services are improved to enhance better quality of service. (WOLF,

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