outline01 - Chapter 1 The Market for Real Estate Knowledge...

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Chapter 1 The Market for Real Estate Knowledge Lecture Outline Real Estate—land and things attached to it The real estate body of knowledge consists of four broad collections of concepts: legal analysis concepts market analysis concepts real estate service industry concepts financial and investment analysis concepts Legal analysis concepts include: property rights restrictions on property rights (public and private) deeds leases contracts title transfer issues Market analysis concepts include: real estate market dynamics o real estate space market o real estate asset market o real estate development industry urban land use and value patterns o economic base theory o highest and best use theory o neighborhood life cycles o urban growth models concentric circle model axial growth model sector growth model multinuclei growth model Real estate service industry concepts include: real estate brokerage real estate appraisal
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This note was uploaded on 02/06/2009 for the course FIN 241 taught by Professor Sinow during the Spring '09 term at University of Illinois at Urbana–Champaign.

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outline01 - Chapter 1 The Market for Real Estate Knowledge...

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