Real estate refers to land and the buildings on it, along with its natural resources such as minerals, water, or air above or below the surface. It encompasses the rights associated with ownership or possession of that property. Key Characteristics / Core Concepts Location: A key determinant of value; prime locations command higher prices. Improvements: … Read more
Real estate development is the process of improving real property by adding value to it. This involves acquiring land, planning, designing, financing, and constructing projects to create and sell or lease real estate assets. Key Characteristics / Core Concepts Acquisition of Land: Securing suitable land parcels for development is crucial. Planning & Design: Creating detailed … Read more
Real estate law is the body of law that governs the ownership, transfer, and use of real property (land and anything permanently attached to it). It encompasses a wide range of legal issues related to buying, selling, leasing, and developing land and buildings. Key Characteristics / Core Concepts Property Rights: Deals with various interests in … Read more
Property law is the area of law that governs the ownership, use, and transfer of real and personal property. It establishes the rights and responsibilities of property owners and how those rights can be protected. Key Characteristics / Core Concepts Ownership Rights: These define the extent to which someone can possess, use, and enjoy their … Read more
Property management is the process of overseeing the operation and maintenance of real estate properties on behalf of their owners. It involves a wide range of responsibilities aimed at maximizing the property’s value and return on investment. Key Characteristics / Core Concepts Tenant Management: Finding, screening, and managing tenants, including lease agreements and rent collection. … Read more
Mortgage banking involves originating, underwriting, closing, and servicing mortgage loans. It’s a crucial part of the real estate finance ecosystem, connecting borrowers with lenders. Key Characteristics / Core Concepts Origination: Finding and qualifying borrowers for mortgage loans. Underwriting: Assessing the risk of lending to a borrower. Closing: The finalization of the mortgage loan process. Servicing: … Read more
Land law is the area of law that governs the ownership, use, and transfer of land and property. It’s a complex field dealing with various rights and interests in land. Key Characteristics / Core Concepts Ownership: Defines who legally holds the title to a piece of land. Possession: Refers to the physical control and occupancy … Read more