unit 4 - real estate in the business sector

7/30/2019 Unit 4 - Real Estate in the Business Sector

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Unit 4Real Estate in the Business Sector

With the development of private property ownership, realestate has become a major area ofbusiness. Purchasing real estaterequires a significant investment, and each parcel of land has uniquecharacteristics, so the real estate industry has evolved into severaldistinct fields. Specialists are often called on to valuate real estate

and facilitate transactions.Some kinds of real estate businesses include:- appraisal: professional valuation services;- brokerages: assisting buyers and sellers in transactions;- development: improving land for use by adding or

replacing buildings;- property management: managing a property for its

owner(s);- real estate marketing: managing the sales side of the

property business;- real estate investing: managing the investment of real

estate;

- relocation services: relocating people or business to adifferent country;

- Corporate Real Estate: managing the real estate held by acorporation to support its core business unlike managingthe real estate held by an investor to generate income.

Within each field, a business may specialize in a particulartype of real estate, such as:

- residential (related to places in which people live);- commercial (related to the buying and selling of goods);- industrial (related to the commercial production and sale of

goods) property.In addition, almost all construction business real estate

(related to the act or process of constructing) effectively has aconnection to real estate.

Internet Real Estate is a term coined by the internetinvestment community relating to ownership of domain names andthe similarities between high quality internet domain names and real-world, prime real estate. (AfterWikipedia, the Free Encyclopedia)

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http://en.wikipedia.org/wiki/Propertyhttp://en.wikipedia.org/wiki/Propertyhttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Real_estate_appraisalhttp://en.wikipedia.org/wiki/Real_estate_appraisalhttp://en.wikipedia.org/wiki/Real_estate_appraisalhttp://en.wikipedia.org/wiki/Real_estate_brokerhttp://en.wikipedia.org/wiki/Real_estate_developerhttp://en.wikipedia.org/wiki/Real_estate_developerhttp://en.wikipedia.org/wiki/Property_managementhttp://en.wikipedia.org/wiki/Property_managementhttp://en.wikipedia.org/wiki/Relocation_serviceshttp://en.wikipedia.org/wiki/Constructionhttp://en.wikipedia.org/wiki/Internet_Real_Estatehttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Real_estate_appraisalhttp://en.wikipedia.org/wiki/Real_estate_brokerhttp://en.wikipedia.org/wiki/Real_estate_developerhttp://en.wikipedia.org/wiki/Property_managementhttp://en.wikipedia.org/wiki/Relocation_serviceshttp://en.wikipedia.org/wiki/Constructionhttp://en.wikipedia.org/wiki/Internet_Real_Estatehttp://en.wikipedia.org/wiki/Property


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Vocabularyappraisal= bonitarebuy(v.) = a achiziiona, a cumprabuyer= cumprtorbuying= achiziionare, cumprarecoin (v.) = a furicore business = afacerea principalevolve (v.) = a evolua

goods = bunuri, mrfuri, produseimprove (v.) a ameliora, a mbuntiincome = venitinvestment= investiiemajor= important(), major()ownership= proprietatepurchase (v.) = a achiziiona, a cumprarelocate (v.) = a mutarelocation = mutarerequire (v.) = a cere, a necesitasale = vnzareseller= vnztorselling= vnzaresupport(v.) = a sprijinivaluate (v.) = a evalua

Exercises1. True or false?

True False

Real estate and facilitate transactions are oftenvaluated by specialists.

Real estate businesses include only appraisal.Real estate has become a major area ofbusiness.Real estate investing consists of marketing theinvestment of real estate.Real estate marketing consists of managing thesales side of the property business.

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http://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Ownershiphttp://en.wikipedia.org/wiki/Business


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2. Match the following nouns with their definitions.

1. land banka. a bank that issues long-term loans on real estate

in return for mortgages2. landbreeze

b. a breeze that blows from the land toward openwater

3. land bridgec. a government grant of public land for a railroad,

highway, or state college

4. land crabd. a government office that handles and keeps

records of the sale or transfer of public land5. land grant e. an isthmus

6. land milef. a terrestrial crab of the tropical family

Gecarinidae, having a large square body

7. land mineg. a unit of length equal to 1,609 meters used in

the US and other English-speaking countries

8. land officeh. an explosive mine laid usually just below the

surface of the ground

9. land reformi. measures (the division of large properties into

smaller ones) taken to bring about a moreequitable apportionment of agricultural land

3. Group the following as in the model.

(heaven and) earth (on the) ground continent crust dry land earth (and sky) feature geography ground inland interior land (and sea) landscape lithosphere mainland sea level surface terrain topography

Words referring to

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howh

ighthelandis

theearthcalledin

distinctiontoheaven

orthesky

th

egroundwestandon

thelandincontrasttothesea

th

esurfaceoftheearth

the

typeoflandinanarea

altitude

4. Group the words iningabove as in the model.

Noun Adjective Verb Adverb

estate real is usually

Real estate appraisal, property valuation or land valuation is thepractice of developing an opinion of the value of real property, usuallyits Market Value. The need for appraisals arises from the

heterogeneous nature of property as an investment class: no twoproperties are identical, and all properties differ from each other intheir location which is the most important determinant of their value.So there cannot exist a centralised Walrasian auction setting for thetrading of property assets, as there exists for trade in corporate stock.The absence of a market-based pricing mechanism determines theneed for an expert appraisal/valuation of real estate/property. A realestate appraisal is performed by a licensed or certified appraiser (inmany countries known as a property valuer or land valuer and inBritish English as a valuation surveyor. If the appraisers opinion isbased on Market Value, then it must also be based on the Highestand Best Use of the real property. For mortgage valuations of

improved residential property in the US, the appraisal is most oftenreported on a standardized form, such as the Uniform ResidentialAppraisal Report. Appraisals of more complex property (e.g. incomeproducing, raw land) are usually reported in a narrative appraisalreport.

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http://en.wikipedia.org/wiki/Market_valuehttp://en.wikipedia.org/wiki/Walrasian_auctionhttp://en.wikipedia.org/wiki/Highest_and_best_usehttp://en.wikipedia.org/wiki/Highest_and_best_usehttp://en.wikipedia.org/wiki/Real_propertyhttp://en.wikipedia.org/wiki/Uniform_Residential_Appraisal_Reporthttp://en.wikipedia.org/wiki/Uniform_Residential_Appraisal_Reporthttp://en.wikipedia.org/wiki/Market_valuehttp://en.wikipedia.org/wiki/Walrasian_auctionhttp://en.wikipedia.org/wiki/Highest_and_best_usehttp://en.wikipedia.org/wiki/Highest_and_best_usehttp://en.wikipedia.org/wiki/Real_propertyhttp://en.wikipedia.org/wiki/Uniform_Residential_Appraisal_Reporthttp://en.wikipedia.org/wiki/Uniform_Residential_Appraisal_Report


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5. Put the text above into Romanian.

6. Reconstitute the following sentences by adding the missing vowels.The sign _ stands for a single vowel word.

- cdstr s _ cmprhnsv rgstr f th rl prprty f _ cntry- cdstrl mp s _mp shwng thbndrs nd wnrshp f lnd prcls- ch cntry hs rls rgrdng whr frgnrs cn by- el stt s ftn cnsdrd synnyms wth rl prprty

- prchsng rl stt rqrs _ sgnfcnt nvstmnt- th rl stt bsnss n Mxc nd Cntrl mrc s dffrnt frm th n n th UntdStts

- th trms rl stt nd rl prprty r usd prmrly n cmmn lw- thr r dffrnt spcl rls rgrdng crtn typs f prprty7. Fill in the blanks with the required articles, and then put the textinto Romanian.

Last year I stayed in little town in England called Stratford-on-Avon. I wanted to go to theatre to see some of plays of Shakespeare theatre is near River Avon, beautiful river in whichyou can bathe and sail boats. When I arrived in Stratford, I was

told to stay at hotel called Dirty Duck, but I couldnt find it. Iasked many people where it was, but no one knew it. I saw policemen at corner of .main street. I spoke to him and askedhim if he knew Dirty Duck. He laughed and told me that he knewit all right. It was just at bottom of street near Plaza cinema. Iwalked to bottom of street, saw hotel and read nameabove door. It was called Black Swan!

8. Match the nouns in the box with the properdeterminers, as in themodel.

advice baggage children chocolate experience feet fish

furniture glass information knowledge luck men mice people sheep teeth window women

few little

children

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http://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Maphttp://en.wikipedia.org/wiki/Borderhttp://en.wikipedia.org/wiki/Borderhttp://en.wikipedia.org/wiki/Real_propertyhttp://en.wikipedia.org/wiki/Common_lawhttp://en.wikipedia.org/wiki/Real_estatehttp://en.wikipedia.org/wiki/Maphttp://en.wikipedia.org/wiki/Borderhttp://en.wikipedia.org/wiki/Real_propertyhttp://en.wikipedia.org/wiki/Common_law


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9. Choose the right adverbial particle in order to construct the correctphrasal verbs:

There were so many people at the conference that there werentenough handouts to go off/ out/ round. I loved the music of this bandwhen they appeared but now Ive gone off/ over/ down it. The level ofthe water has gone up/ down/ off as a result of the drought. Could yougo in/ up/ over the procedure one more time so that I can fully

understand it? The old cottage went out/ off/ for more than we haveever expected. She set away/ off/ out for the airport yesterdaymorning. Youd better call up/ in/ off/ the meeting if youre not feelingwell. You dont have to put everything away/ down/ up, just write themain ideas. I have gone out/ up/ off using my old agenda.10. Fill in with a new word derived from the word between brackets.

- All of us hope for the of our sins (absolve)- Do you think it was ? I strongly doubt it (worth)- He boasted about his of several estates (own)- I am sure he did it in of my orders (defy)- I was amazed at his with the wild region (family)

- It was of you to say such a thing (mischief)- She glared at us (contempt)- The man painfully realised he had led a most existence

(profit)- The poet made use of commonplace words (art)- They have made use of the coal left there (mass)- To become a writer requires of the writer (master)

11. Fill in with the properPresent Participles.

doubting glowing fighting helping hopping hunting laughing leading losing parting pecking receiving

sleeping whipping

fit mada lighta shot

give a handlet dogs lieno matteron the end

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a Thomasa happy groundfight a battle

paint in coloursthe boythe order

Lets Laugh!A farmer in the country has a watermelon patch and upon inspectionhe discovers that some of the local kids have been helpingthemselves to a feast. The farmer thinks of ways to discourage this

profit-eating situation. So he puts up a sign that reads: WARNING!ONE OF THESE WATERMELONS CONTAINS CYANIDE! Hesmiled smugly as he watched the kids run off the next night withouteating any of his melons. The farmer returns to the watermelon patcha week later to discover that none of the watermelons have beeneaten, but finds another sign that reads: NOW THERE ARE TWO!

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unit 4 - real estate in the business sector

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