Real Estate Resources
Property Tax Consultancy and The Various Job Opportunities Under Real Estate Iinvestment Trusts
There has been tremendous growth in the real estate industry, translating into a boost in real estate investment trusts. Given the massive demand for real estate intermediaries, real estate investment trusts open up interested parties to a job-promising career. Generally defined as public vehicles of investment listed on the exchange stock, real estate investment trusts acquire and regulate profitable real estates and properties.
Unlike the traditional real estate investment that sought to redefine a purchased property aiming to sell it later at a profit, real estate investment trusts come in different as they seek to make a property more productive, thus enhancing liquidity. REITs are more inclined to develop a property for future revenues as opposed to renovating and selling at a go. As a result, it is becoming a favorite of most investors, allowing them to realize better returns that may not have been realized by means of the traditional real estate investment.
The initial bill on real estate investment trust was passed in 1960 by Congress to help investors reap from the income-generating property. The trusts were to be built on mutual funds and treated as components of the internal revenue code. Organizations under the real estate investment trusts are leading employers offering job opportunities to about 274,000 full-time employees and about 2.6 million part-time employees.
Training on real estate appraisal and property tax consultant is essential as it helps assess you and your client’s property tax obligations. The training offers you the capacity to intervene in cases of property tax overcharge due to assessment errors. Helping your clients out of this trap can be lifesaving to their businesses and a great motivation to your career as it sets you out as a hero and at the same time earn you some commission. You will also be able to help homeowners and businesses with their property tax appeal cases. Winning in such cases will achieve justice for your clients, cut down on property tax to the right tax break, and earn you some income, not to mention the satisfaction that comes with it. Under the REITs, one is opened up to myriads of job opportunities.
Some of the available employment opportunities in real estate investment trusts include,
Real estate agents: A real estate agent acts as a link between the seller and the buyer. They mostly engage in fieldwork sourcing for buyers or sellers and, at times handling the paperwork.
Real estate attorney: Buying and selling of property are regulated by a set of legally binding terms that may require an individual knowledgeable with legal matters.
Real estate investment trusts analyst: They are fundamental in performing market research for new businesses gaps as well as help with marketing efforts.
Real estate investors: This is a form of self-employment where individuals engage in buying and selling property for profits.
Real estate sale manager: Their major role is to help sell or lease a property.
Management and development of the property. This has to do with being in charge of other people’s property for pay. Property owners are always on the lookout for managers, and this can be a very rewarding opportunity.
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Puffing in real estate is used by real estate agents to exaggerate facts about the property to attract more buyers. Puffing is commonly used in real estate and is not illegal. It is not considered fraud because it expresses an opinion. There are ways that you can avoid dealing with puffing in real estate. To ensure that you are not misled by real estate agents who use puffing, consider some tips below. They include;
• Experience Ensure that you deal with a real estate agent who has been in practice for many years. You should also check on the number of deals made. This will help you know the level of experience the real estate agent has. To tell if an agent is experienced, you need to research more about them. Visit their offices to gather all relevant information about them. That way, it will be easy to know if they have adequate experience.
• Cost You should avoid dealing with a real estate agent who quotes more than the market allows. It is wise that you first check on what the market has to offer before making a deal. Also, keep off an agent who is not willing to negotiate. It is more likely that they are not earning anything if they refuse to negotiate on prices.
• Reviews and ratings You can check past clients’ reviews and ratings. A real estate agent who has positive ratings and reviews does not use puffing in their deals. You will easily trust an agent who has more client reviews and ratings.
• Sugarcoating behavior It is advisable that you keep off a real estate agent who sugar coats words. You need to observe keenly what they say about the property. You should get the exact property as they told you. A real estate agent who uses puffing is more likely to exaggerate their words to attract more buyers.
Conclusion: Puffing in real estate is illegal not unless an agent uses it to manipulate and mislead buyers. it is a common way of drawing the attention of buyers to buy property.
Emblements in Real Estate
You might be wondering what it is about emblements and real estate?
Emblements are also known as Fructus Industriales are legal annual crops that are grown by a tenant. These annual crops are also known as personal property. Some of the annual crops include maize, peas, and apples among others. The landowner only owns the land and not the crops planted in it. However, emblements real estate provides legal protection to a tenant who has grown crops intending to harvest them. Here are some of the situations where emblements real estate provides legal protection.
? In case of tenant death
During land leasing, the tenant should indicate their next of kin. In a situation where the tenant dies before the lease period is over, the tenant’s heirs have the right to own the crops. That means the tenant heir has the right to raise the crops until harvest time.
? In case of change of land ownership
If the landowner decides to sell the land, the new buyer has no right to own the crops in the land. The tenant whose motive was to plants and harvest crops has the right to raise the crops until harvest time. This happens in case the landowner sells the land before the leasing period is over. That way a tenant is not affected by the land ownership changes.
? In case of foreclosure
Emblements guarantee tenants the right to harvest their fruits of labor in case of a financial situation that leads to foreclosure of mortgages. Emblements real estate assists the tenant to get legal protection of their crops. That way, they are allowed to raise the crops until they are ready for harvest time.
Emblements real estate gives tenants assurance of crops rising from the beginning to the end. That way, they are sure they can harvest their crops even during land issues.