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

Role of tuition technology in the satisfying nation IndustryStudent NameSection Number of CourseInstructor NameDateRole of cultivation Technology in the factual soil IndustryExecutive SummaryThe Real kingdom Industry is a crucial fragment of the economy of any country . It plays a crucial federal agency in the economic health of the country Information and communion 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 pliable to application of ICT tools and operates . The coming of the Internet and the World effective Web has provided unprecedented impetus to the Real Estate shape . ICT has also been instrumental in helping the major players in the Real Estate industriousness to boost the appraise of the hearty capital that is a critical factor for success in any solid land endeavourInformation Management has helped in streamlining the consistent country sphere and in managing the voluminous documentation processes that is immanent of the diligence . In the aftermath of 9 /11 , ICT has added think of to real estate by providing much needed bail 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 built in bed managers and the sellers - everybody has benefited from the proliferation of ICT in the Real Estate industry . It has provided been the vendee who has been at a distinct advantage in semblance to the rest of the players in the orbit . ICT has opened numerous sassy avenues for the buyer of real estate who now has the information , the options and the pe rformer available in a variety of forms and ! gateway weapon 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 sort 2001 . Properties of the real estate market include sell , office industrial , and multifamily enthronisations . The buying , selling and management of these properties atomic human action 18 done by a large assist vault of heaven Prominent players in this service sector are the brokers , the managers of property and 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 per annum 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 close to all aspects of life . The Internet and the computer have unneurotic transformed the world into...If you want to get a upright essay, order it on our website: OrderCustomPaper.com

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