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

Role of Information technology in the Real commonwealth IndustryStudent NameSection Number of CourseInstructor NameDateRole of Information Technology in the Real kingdom IndustryExecutive SummaryThe Real kingdom Industry is a crucial section of the economy of any country . It plays a crucial bureau in the economic health of the country Information and conversation Technology has taken the worldly concern by storm and has pervaded about all fields of manner and work . Real acres is an nurture intensive business . It is therefore inbornly manageable to application of ICT tools and services . The coming of the Internet and the World full Web has provided unprecedented impetus to the Real Estate manufacture . ICT has also been instrumental in helping the major players in the Real Estate industriousness to boost the appraise of the amicable capital that is a critical factor for success in any solid land endeavourInformation Management has helped in streamlining the legitimate estate sphere and in managing the voluminous documentation processes that is inherent of the industry . In the aftermath of 9 /11 , ICT has added value to real estate by providing much needed security 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 office 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 comparison to the rest of the players in the sector . ICT has opened numerous new avenues for the buyer of real estate who now has the information , the options and the means available in a variety of forms and gateway 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 Group 2001 .

Properties of the real estate market include sell , office industrial , and multifamily investments . The buying , selling and management of these properties atomic number 18 done by a large service sector 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 United States annually 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 almost all aspects of life . The Internet and the computer have together transformed the world into...If you want to get a full essay, order it on our website: Orderessay

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