Description of Company Ethiopia Real estate and property management LLC is an international real estate company, which is a culmination of the real estate companies in Ethiopia, Master or Regional RE/MAX franchises and partnership. Ethiopia Real estate and Property Management LLC formed by four dynamic visionaries who have about 80 years of experience with different fields such as: business management, Information technology, Law, and Real estate. The main objective of these visionaries’ are to fill the gap of the shortcoming in real estate sales technique as a whole in Ethiopia and to create the new way of doing real estate in one of the most vibrant developing country in The world. Vision Ethiopia Real estate and Property management LLC is an international real estate company which acquires, develops and manages all of its efforts toward changing how real estate has been doing in Ethiopia. Our vision is to develop a premium quality RE/MAX real estate franchise system, providing sustainable value to end users and community. Ethiopia real estate and property Management LLC, understands and anticipates satisfying the customer’s needs and expectations in a timely, cost-effective and value-added manner both as a company and as individuals. We intend to be recognized and respected as a Leader of …show more content…
The housing front is mostly vital for national economy and human settlement. Real estate as a business sector includes many services and operations, which is well beyond the real estate development and brokerage. Ethiopia real estate market is an infant stage of development to serve and potentially accommodate many services and operations for employment and investment, which in turn enhance its Development (in to maturity). But in an inefficient infant market, like what is prevalent in our country the sector has much gap to be
This case study examines various real estate contracts – the Real Estate Purchase Contract (REPC) and two addendums labeled Addendum No. 1 and Addendum No. 2 – pertaining to the sale of 1234 Cul-de-sac Lane in Orem, Utah. The buyers in this contract are 17 year old Jon D’Man and 21 year old Marsha Mello; the seller is Boren T. Deal. The first contract created was Jon and Marsha’s offer to purchase Boren’s house. This contract was created using the RESC form, which was likely provided by their real estate agent as it is the required form for real estate transactions according to Utah state law. The seller originally listed the house on a Multiple Listing Service (MLS); Jon and Marsha agreed that the asking price was too high for the neighborhood (although we are not given the actual listing price), and agreed to offer two-hundred and seven-thousand dollars ($207,000) and an Earnest Money Deposit of five-thousand dollars ($5,000). Additionally, the buyers requested that the seller pay 3% which includes the title insurance and property taxes. After the REPC form was drafted, the two addendums were created. Addendum No. 1 is from the seller back to the buyer, and Addendum No. 2 is the buyer’s counteroffer to the seller.
Compensation must be provided to the person whose property is being bought. Each country should work to set a standard for what is a fair market price, to prevent any people from inadequate compensation. The value of the property must be taken into account, and the effect this will have on their way of life. If a person is, for example, losing their home, the government must provide enough money to ensure that individual is able to relocate comfortably.
Conclusion: Now you have facts on Ethiopia rich culture and its surroundings. You learn about important things about the country like the greetings, foods, and religion.
Markets have a big impact on the economy of any country. In the United Kingdom, one of the main markets that effects its economy is the housing market. According to FTI Consulting LLP (“FTI”) (2012) housing is of intrinsic importance to the economy and society. Housing has a dual role as: a human need, through its functional use as somewhere to live and the influence of its attributes on people’s well-being; and an asset, given that for many it is a long term investment which represents a large proportion of their wealth. The housing market is divided into two main types, the first type of housing market is known as the rental market where tenants rent properties from landlords (Anderton, 2008). The second type of housing market is the owner-occupied market where people buy a property in order to live in it (ibid). In recent years, several non-price factors have led to the increase of property prices in the United Kingdom. These factors are subcategorized into non-price factors of demand and supply. According to Anderton in Economics (2008) “demand is the quantity of goods and services that will be bought at any given price over a period
From a tiny bungalow in Waterloo, to a large commercial building in downtown Toronto, there is a variety of properties to choose from. The benefit of being in real estate is that people can choose between residential or commercial, as some people prefer to be in the the residential market over the commercial market. The occupation that will be discussed throughout this assignment will be a real estate agent, as there are several opportunities for growth in this occupation. From selling a two hundred-thousand dollar house to a multi million-dollar house, the growth in this field is enormous. Being a real estate agent has many positives but it also has many negatives and people have to be aware of that. Although Ontario does not require a university degree to become a real estate agent, having an undergraduate degree in bachelor of commerce certainly helps. Since a real estate agent does not need a university degree, agents need to obtain a license instead. In Ontario, a major real estate agent company is Re/max, which helps agents advertise themselves in the hopes of gaining new clients. In the end, being a real estate agent is very eventful in the fact that the market is always changing and there is always competition in becoming a top agent in a certain
Amnesty International. 2014. Because I am Oromo: Sweeping Repression in the Oromiya Region of Ethiopia: Peter Benenson House 1 Easton Street, London, UK
Buying or selling a house or an apartment is one of the biggest decisions of a person’s life. And when selling or establishing a price for real estate, people seek out real estate agents to do the dirty work. A real estate agent has to convince a prospective homeowner that he or she is trustworthy and knowledgeable. In many ways, the agent acts as a counselor to individuals and families about to embark on a huge commitment. Real estate agents have a thorough knowledge or real estate market in their community. They
Lendlease is a leading international property and infrastructure group, with a business model that contains three basic components. Those three components are development, construction and investments. In development, they focus on developing communities, apartments, retail areas and social/economic infrastructure. In construction, they focus on defense, commercial, residential sectors and pharmaceutical buildings. In investing, the investment management platform also includes the Group’s ownership interest in property and infrastructure co-investments, retirement living and US military housing. Lendlease is an Australian company but has business headquarters in 4 regions of the world. These regions are Australia, Asia, Europe
"Ethiopia." Encyclopaedia Britannica. Encyclopaedia Britannica Online Academic Edition. Encyclopædia Britannica Inc., 2013. Web. 25 Sept. 2013. .
When valuing the property, the figures should not be the only issue but also the demographic factors and the services offered. When valuing the property, everything within the property should be assessed. The items inside a house should be valued by the size, the cost and the age of existence, this includes the furniture’s and any other utensils that may be available. For items like the computer, the cost and the make are of importance. The car should also be valued if it forms part of the property and the model and the year of make are of essence. The surrounding of the property should also be put into consideration; the geographical location of the property should be put into consideration (Tucker Sundeep, 2006).
When prices increase, the quantity decrease (Graph 1) and new firms enter the market in order to make economic profits. However this does not mean the real estate agents or brokers earn more money. On the contrary, the prices they charge may increase, but the number of houses each sell do not change (Goolsbee, 2005, Online). From this it is evident that the price of products in the real estate market is not affected by the entry of new firms.
Ofcansky, Thomas, and LaVerle Berry. 2011. A Country Study: Ethiopia. Washington D.C.: The Library of Congress. http://lcweb2.loc.gov/frd/cs/ettoc.html.
Introduction Real estate is a fixed, tangible and immovable asset in the form of houses or commercial property (Seldin & Richard 1985). Real estate market involves developing, renting, selling/purchasing and renovating of these assets (houses). Market participants include developers (contractors, engineers, and so on), facilitators (mortgage companies, real estate brokers, banks, management agents and so on), owners, renters (leasers) and renovators (Seldin & Richard 1985). Like other economic markets, real estate markets have internal and external forces that impact the market (Seldin & Richard 1985). Demand and supply forces have the major impact on the industry as they determine growth or decline in the market (Seldin & Richard 1985).
In order to secure land tenure for the urban informal settlers, different countries have introduced licenses or Certificates in different names. However they all have the same objectives. For instance, in Zambia residents are issued with a 30-year Occupancy Licences while the area undergoes through the process of upgrading. These can be later replaced by certificates of title, which carry the same effect as if the landowner were obtaining a direct lease of the land from the state (UN-Habitat, 2012). In Botswana, Certificate of Use is issued to informal dwellers so as to encourage them on further housing investment (Durand-Lasserve, 2006). In Brazil, Concession of the Real Right to Use is issued to residents. The validity period of these licences varies between 30 and 50 year periods but subject to renew (Van der Molen, 2002).