Essay On Lack Of Skilled Manpower

In reality property development is complex, often taking place over a considerable time frame. The end product is unique, either in terms of its physical quality and/or its location. The development process can be divided into multiple stages which are; Initiation, Evaluation, Acquisition, Design, Permission Commitment, Implementation and Let/manage/dispose.

“Real estate is a year-round opportunity to help countless people realize the American dream” (“Why Real Estate”, 2012). Eighty-five percent of buyers believe that home purchases are good financial investments, and a majority of homebuyers and sellers rely on the services and expertise of real estate professionals to assist them with their transactions (Profile of Home Buyers and Sellers, 2010). “The primary job description for an agent is communicating with potential clients to determine what kind of property they are looking for” (Richard, 2012). This means, setting up interviews with clients to see if the agents firm possesses property that meets the client’s specific needs. Once it is apparent exactly what the client is looking for, the agent sets appointments to show houses to clients and many times the agent physically accompanies couples while showing off properties.

Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to

2- Where, when, and how did you obtain your qualifications to become a home inspector?

To become an Ohio Registered Appraiser Assistant you need education of Fair Housing Course, Appraiser Supervisor-Trainee Course, 15 hours of USPAP, 30 hours of basic appraisal procedures, and principles. You don’t have to have experience to become Appraiser Assistant.

Others with experience and training in estimating property value may become real estate appraisers, and people familiar with operating and maintaining rental properties may become property managers. Also, a gents, brokers, and appraisers who gain general experience in real estate and a thorough knowledge of business conditions and property values in their localities, may enter mortgage financing or real estate investment

Although this statement goes without saying, it 's worth mentioning simply because many of those looking to purchase commercial real estate believe it is standard protocol to rely upon the realtor 's recommendation for hiring an inspector. In reality, this practice poses a conflict of interest that can have dire consequences for the party purchasing the property. Unfortunately, real estate agents who knowingly partake in this practice along with inspectors who continue to burn the candle from both ends know exactly what they 're doing and how to get away with it. While there may be a few exceptions to what I am telling you, I can assure you that the majority of inspectors who rely heavily upon referrals from real estate agents for their business are not going to rock the boat by disclosing

This paper will seek to provide an overview of the real estate process and its affects on the real estate agent. An agent needs to be knowledgable about the steps required to make a sale, and the risks involved when the sale does not go as planned. Real estate sales require much of the agent, including sacrifices in their personal lives and in their financial stability. Agents must be teachable and willing to seek to see others succeed. A successful real estate sale consists of many steps, sacrifices to personal time, and an agent’s ability to work well with others while remaining incredibly flexible.

Appraiser – asses the market value of a property so that the value of the property is within the lender’s loan guidelines. They researched information on the property such as the legal address, description, assessment, property tax and age of home. Appraisals are estimates and are subjective in nature. They are hired by the mortgage company and paid at closing. If they are party to mortgage fraud they will inflate the value of the property.

The real estate appraisal process is a process that affects nearly everyone who lives in a home. Most people do not have the funding to purchase a home outright and must rely on financing to purchase their homes. Banks require that a real estate appraisal be conducted to determine what the market value of a property is so they know how much the property is worth as collateral for the loan. Therefore the appraisal serves as the basis for factors such as determining a fair market price, how much collateral a property can offer a lender, or in some cases even how much a property should be able to earn in income in a "best use" scenario. This report will outline the basic steps of evaluating the value of property as well as discuss some of the considerations surrounding the appraisal process in general.

Steps to becoming a real estate appraiser. Your first step to becoming an appraiser is to complete the education requirements. You need to complete and pass 75 hours of basic appraisal education, which includes three courses; Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), and 15 hour Universal Standards of Professional Appraisal Practice. Experience is also needed. Each Trainee Appraiser must be supervised to get the required hours of experience before applying for the Licensed Residential Appraiser level. Your supervisor must keep a log of your completed work, which will be reviewed by the state regulatory body for verification. There is no exam and a licenses is not need for the application process.

The rationale behind the Real Property Appraiser Qualification Criteria, as stated by the Appraisal Foundation includes the facts that applicants with Bachelor’s degrees or higher perform better on the National Uniform Licensing and Certification Exam than do those with Associate degrees or high school diplomas. Additionally, the Appraisal Foundation is of the opinion that appraisers who possess Bachelor’s degrees would have a better grasp of the many factors influencing the real estate industry as a whole. Although the new education requirements may indeed enhance public trust of the real estate appraisal profession, they are also discouraging anyone that wishes to enter the profession. The true effects of the Real Property

There has been a significant increase in the use of AVMs in valuing properties for taxation purposes (RCIS 2013, Adair and McGeal 1988). This is primarily due to the somewhat cumbersome nature of the traditional single parcel appraisal method adopted by valuers, which is also very cost intensive (O’Neil, 2004).

Downsizing, restructuring, rightsizing, even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts, that’s almost three times as much as the year 2000(Matthew Benz). In the 1990's, one million managers of American corporations with salaries over $40,000 also lost their jobs. In total, Fortune 500 companies have eliminated 4.4 million positions since 1979 including the 65,000 positions cut in February of 2002 (Ellen Florian). Although this downsizing of companies can have many reasons behind it and cannot be

At the end of 2012 the National Unemployment Rate was 7.8% (“Labor Force Statistics from the Current Population Survey”) and employers were struck with the daunting task of filling 3.6 million job openings (Smith.) In an article for Forbes on the subject of the daunting prospect of the job search, Jacquelyn Smith shares this startling fact: “The average number of people who apply for any given job: 118.” With the downturn in the economy in recent years, candidates for any given job can include inexperienced job seekers, seasoned competitive candidates, and even those who are looking to start their second or third career. The job market is flooded. Employers are overwhelmed by the sheer number of applicants, sometimes willing to compromise