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Independent Realtors: Breaking Through the Recession
In a post-recession world of economic uncertainty and high unemployment, many markets continue to flounder -- particularly the real estate market. With the status of the market at a tremendous low, and the number of realtors in the country dropping by more than 60,000 in two years alone, it is clear that the industry is in need of massive assistance. Real estate agents across the country now face more uncertainty in their jobs than ever before. Not only is the market a rocky one, but a job that once came with guaranteed longevity is now one of uncertainty. In assessing how American independent realtors can beat their current surroundings, it is clear that certain tactics must be taken in order to initiate both change and improvements within the market. Through the utilization of the international market, the web market and the relocation market, realtors can work to not only improve their personal employment status, but that of their individual firms in order to set both back on the path to stabilization.
This research project seeks to pinpoint the specifics of the aforementioned modes of improvement -- utilization of the international, web, and relocation markets -- in terms of bringing in revenue for small realty firms and independent realtors. In viewing statistics and market trends, one can assert that in utilizing such tactics, a noticeable degree of improvement has been pinpointed and can continue to keep realtors afloat as the market continues to stabilize.
Preliminary Sources
Hanke, Steve. "Goodbye Recession, Hello Slump," Global Asia. 2011. Web. Retrieved
from: http://www.thejakartaglobe.com/columnists/goodbye-recession-hello-slump/450598.
McKenzie, Dennis. Essentials of Real Estate Economics, 6th ed. Nashville, TN:
South-Western Educational Publishing Company, 2010. Print.
Norman, Dennies. "Fannie Mae Says Housing Market Outlook Has Not Improved,"
2011. Web. Retrieved from: http://www.realestateindustrynews.com/real-estate-market/fannie-mae-says-housing-market-outlook-has-not-improved/.
O'Driscoll, G.P. "Signs of Life in the Housing Market," The Wall Street Journal. 31 July
2010: Web. Retrieved from: http://www.cato.org/pub_display.php? pub_id=10403.
Uba, Chris. "Pulling Your Company out of Recession," Harvard Business Review, 16.4
(2011): 648-650. Web. Retrieved from: Project MUSE Database.
Wilcox, James. "Securitization and Small Business," Economic Letter, 22(1): 2-6. Web.
Retrieved from: ProQuest Database.
Project Proposal
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(Economou and Trichias, 2009) Remuneration is stated to be as follows for each of these actors: (1) real estate brokers -- Commission based on percentage of the transaction value; (2) lawyers -- Commission based on percentage of the transaction value; (3) Notaries -- Commission base don percentage of the transaction value; (4) Civil Engineers -- According to specific regulations, taking into account elements of the property in question; and (5) Constructors -- percentage of
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S. prior to the collapse of prices. As real estate accounted for 6.1% of all of China's GDP growth last year. This is the same level as the U.S. during 2005 and Japan during the 1980's. Commenting about what was taking place Citigroup analysts observed, "It's evident that property prices are no longer sustainable once the residential investments achieve above 8% of nominal GDP, and China may not be an
This can help encourage developers to engage in various activities. The reason why is because, they are receiving a number of different advantages to include: tax breaks and grants. At the same time, the more restrictive regulations will have an impact upon development, as they will make it more difficult to work on various projects. The way that this would impact politicians is through: the increased tax revenues (from
Moreover, to make certain that occupants on one of the level are being conscious of a fire on the other side the smoke alarms shall be linked so as to make the activation of one smoke alarm to echo a similar signal in the other smoke alarm; perceptible through the entire level they are situated on; and enlisted for application in an interlinked institution. Moreover, emergency lighting which have