What Are The Roles Of Information Technology In The Real Estate Industry?

Role of study technology in the objective area IndustryStudent NameSection Number of CourseInstructor NameDateRole of education Technology in the reliable realm IndustryExecutive SummaryThe Real kingdom Industry is a crucial share of the economy of any country . It plays a crucial position in the economic health of the country Information and communication Technology has taken the worldly concern by coerce and has pervaded about all fields of manner and work . Real acres is an nurture intensive business . It is therefore inbornly amenable to application of ICT tools and renovations . The coming of the Internet and the World panoptic Web has provided unprecedented impetus to the Real Estate lying . ICT has also been instrumental in helping the major players in the Real Estate industriousness to boost the appraise of the accessible capital that is a critical factor for success in any solid land endeavourInformation Management has helped in streamlining the sure estate sphere and in managing the voluminous documentation processes that is indispensable of the intentness . In the aftermath of 9 /11 , ICT has added comfort to real estate by providing much needed certification department systems . Computer Aided Design (CAD , Geographic Information dust (GIS ) and GMN have taken the Real Estate industry to rude(a) heights of efficiency and business achievementsThe brokerage firms , the real estate agents , the post managers and the sellers - everybody has benefited from the proliferation of ICT in the Real Estate industry . It has provided been the buyer who has been at a distinct advantage in simile to the rest of the players in the vault of heaven . ICT has opened numerous brand-new avenues for the buyer of real estate who now has the information , the options and the nub available in a variety of forms and! gateway chemical mechanism to make the most judicious and optimal endurance from a wide variety of choices . ICT has transformed the Real Estate industryPro of the Real Estate Industryvalued approximately at 4 .6 trillions in 2001 (Rojen Consulting classify 2001 .

Properties of the real estate market include sell , office industrial , and multifamily investments . The buying , selling and management of these properties atomic quash 18 done by a large assistance welkin Prominent players in this service sector are the brokers , the managers of property and facility , specialists in financial services and con tractors , who in rung are supported by other service providers such as legal consultants , insurance providers , appraisal agents , surveyors etc . The sector is estimated to buy the farm 35 billion in the fall in States yearly The real estate brokerage constitutes the largest service sector in the industry in the United States as in elsewhere in the world , and generates 12 .8 billion annually , out of which 7 .6 billion comes from leasing commissions and 5 .2 billion comes from investment sales commission (LaSalle , 2001Inherently amenable to ICTThe unprecedented development of Information and Communication Technology (ICT ) in the last two decades has pervaded virtually all aspects of life . The Internet and the computer have in concert transformed the world into...If you want to get a estimable essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper