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Essay / Research Paper Abstract
A 10 page paper. The real estate industry is vast and multifaceted. This essay provides a brief overview of the industry, identifying some of the many different occupations within it. The essay comments on trends and provides a brief history of the industry in the U.S. The four largest real estate corporations are identified with a table comparing their sales and transaction volumes for 2004. The writer provides a brief description of each of the four top companies, including their products and services, mission, growth and brief analysis. Bibliography lists 14 sources.
Page Count:
10 pages (~225 words per page)
File: MM12_PGrlest5.rtf
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Unformatted sample text from the term paper:
industry, identifying some of the many different occupations within it. The essay comments on trends and provides a brief history of the industry in the U.S. The four largest real
estate corporations are identified with a table comparing their sales and transaction volumes for 2004. The writer provides a brief description of each of the four top companies, including their
products and services, mission, growth and brief analysis. Overview of Real Estate Industry Companies "in the real estate industry sell, build, lease, and manage residential and commercial property" (iSeek
2005). Some of the many jobs within this vast industry include "Real estate agents, brokers, developers, appraisers, and apartment or property managers" (iSeek 2005). However, there are dozens of different
occupations in this industry, including advertising, buyers and purchasing agents, financial analysts, title searchers and examiners, credit authorizers and many others (iSeek 2005). Approximately 1,513,000 people are employed in the
industry (iSeek 2005). Most employment is in large cities but real estate offices are in all communicates, except perhaps for the smallest (iSeek 2005). Most of these people are independent
contractors who work for a broker and who also work on a commission basis but there are also any number of jobs as employees (iSeek 2005). Industry Trends Employment
in the real estate industry is expected to grow at least until 2012 (iSeek). One reason is the increase in population as well as the aging of the population (iSeek).
Older persons are looking to sell their larger homes when children are grown and purchase smaller residences (iSeek). Technology will have an impact, thus, leading to fewer jobs (iSeek).
Agents, brokers and others are using the Internet more often as a source of "information on housing, credit, and payments" (iSeek 2005). Wireless technology is also being used to transmit
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