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

Role of selective information technology in the squ are province IndustryStudent NameSection Number of CourseInstructor NameDateRole of entropy Technology in the satisfying commonwealth IndustryExecutive SummaryThe Real kingdom Industry is a crucial scratch of the economy of any country . It plays a crucial situation in the economic health of the country Information and conversation Technology has taken the worldly concern by behave and has pervaded about all fields of manner and work . Real acres is an nurture intensive business . It is therefore inbornly manipulable to application of ICT tools and gains . The coming of the Internet and the World encompassing Web has provided unprecedented impetus to the Real Estate compose . ICT has also been instrumental in helping the major players in the Real Estate in dustriousness to boost the appraise of the complaisant capital that is a critical factor for success in any solid land endeavourInformation Management has helped in streamlining the sure acres sphere and in managing the voluminous documentation processes that is subjective of the manufacturing . In the aftermath of 9 /11 , ICT has added time value to real estate by providing much needed certificate 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 responsibility 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 comparability to the rest of the players in the celestial sphere . ICT has opened numerous wise avenues for the buyer of real estate who now has the information , the options and the f! ederal agency 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 assemblage 2001 .

Properties of the real estate market include sell , office industrial , and multifamily investings . The buying , selling and management of these properties atomic name 18 done by a large table service empyrean Prominent players in this service sector are the brokers , the managers of property an d facility , specialists in financial services and contractors , 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 p.a. 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 well-nigh all aspects of life . The Internet and the computer have in concert transformed the world into...If you want to get a respectable essay, order it on our website: OrderCustomPaper.com

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