Podcast
Questions and Answers
In what year was the Philippine Association of Realtors’ Boards (PAREB) organized?
In what year was the Philippine Association of Realtors’ Boards (PAREB) organized?
- 1960 (correct)
- 1992
- 1976
- 1953
What was the main purpose of the Society of Realtors founded in the U.S?
What was the main purpose of the Society of Realtors founded in the U.S?
- To promote the real estate profession and foster professional behavior
- To offer real estate brokerage services internationally
- To create a national organization of real estate brokers
- To provide real estate advice and guidance by qualified experts on a fee basis (correct)
How can Philippine real estate practitioners be part of the National Association of Realtors® (NAR)?
How can Philippine real estate practitioners be part of the National Association of Realtors® (NAR)?
- By joining the Institute of Philippine Real Estate Consultants (IPREC)
- By affiliating with the National Association of Realtors (NAR)
- By applying with CREBA as International Realtor Member (IRM) (correct)
- By getting licensed by the U.S. counterpart
What is the key difference between the licensing regulations for the real estate consulting practice in the Philippines and that in the U.S.?
What is the key difference between the licensing regulations for the real estate consulting practice in the Philippines and that in the U.S.?
What type of consulting service involves assessing the viability and potential success of a real estate project by analyzing its economic, financial, and operational aspects?
What type of consulting service involves assessing the viability and potential success of a real estate project by analyzing its economic, financial, and operational aspects?
In the context of real estate consulting, what does 'Disposition Planning' involve?
In the context of real estate consulting, what does 'Disposition Planning' involve?
Which consulting service involves assessing the financial and operational aspects of potential real estate transactions to determine their suitability and potential risks?
Which consulting service involves assessing the financial and operational aspects of potential real estate transactions to determine their suitability and potential risks?
In real estate consulting, what is 'Acquisition Planning' focused on?
In real estate consulting, what is 'Acquisition Planning' focused on?
Which consulting service involves analyzing the costs and benefits associated with real estate projects or decisions to determine their overall feasibility and potential return on investment?
Which consulting service involves analyzing the costs and benefits associated with real estate projects or decisions to determine their overall feasibility and potential return on investment?
What type of consulting service involves conducting detailed analyses of the costs associated with real estate projects or operations to optimize budgeting and financial planning?
What type of consulting service involves conducting detailed analyses of the costs associated with real estate projects or operations to optimize budgeting and financial planning?
In the context of real estate consulting, what does 'Risk Analysis' involve?
In the context of real estate consulting, what does 'Risk Analysis' involve?
What is the primary role of a real estate consultant?
What is the primary role of a real estate consultant?
What distinguishes a real estate specialist from a generalist?
What distinguishes a real estate specialist from a generalist?
In the context of real estate, what does 'consequence' refer to?
In the context of real estate, what does 'consequence' refer to?
What is the purpose of an advisory service in real estate?
What is the purpose of an advisory service in real estate?
What is the primary focus of real estate consulting?
What is the primary focus of real estate consulting?
What distinguishes the Consultant’s relationship with the client from that of other real estate practitioners?
What distinguishes the Consultant’s relationship with the client from that of other real estate practitioners?
In real estate consulting, what is the difference between valuation studies and consulting?
In real estate consulting, what is the difference between valuation studies and consulting?
Which characteristic distinguishes professional real estate consulting from the services of a broker, appraiser, or agent?
Which characteristic distinguishes professional real estate consulting from the services of a broker, appraiser, or agent?
What does 'Public Practice of Real Estate Consulting' involve?
What does 'Public Practice of Real Estate Consulting' involve?
What does 'Consultancy' aim to provide?
What does 'Consultancy' aim to provide?
What type of issues are addressed in realty consulting?
What type of issues are addressed in realty consulting?
How is the success of a consultant measured?
How is the success of a consultant measured?
What is the purpose of risk analysis in the context of real estate consulting?
What is the purpose of risk analysis in the context of real estate consulting?
What does 'Acquisition Planning' in real estate consulting primarily focus on?
What does 'Acquisition Planning' in real estate consulting primarily focus on?
What is the key role of a Real Estate Consultant as defined by Section 3(g) of RA 9646?
What is the key role of a Real Estate Consultant as defined by Section 3(g) of RA 9646?
What type of professional advice does the owner of substantial landholdings in a distant province require?
What type of professional advice does the owner of substantial landholdings in a distant province require?
What does a newly formed limited partnership seek guidance on?
What does a newly formed limited partnership seek guidance on?
What challenge does an apartment development in another city face?
What challenge does an apartment development in another city face?
What does the owner of a vacant lot in an urbanizing area want to know?
What does the owner of a vacant lot in an urbanizing area want to know?
What does the bank require assistance with?
What does the bank require assistance with?
What do the owners of a downtown loft building need to know?
What do the owners of a downtown loft building need to know?
What does a developer need advice on regarding a parcel of land suitable for development?
What does a developer need advice on regarding a parcel of land suitable for development?
What does a lessee require professional assistance with?
What does a lessee require professional assistance with?
What do a group of investors want to work out?
What do a group of investors want to work out?
What does Location Analysis in real estate consulting primarily involve?
What does Location Analysis in real estate consulting primarily involve?
What is the main purpose of Market Analysis in real estate consulting?
What is the main purpose of Market Analysis in real estate consulting?
What does Conflict Management in real estate consulting primarily involve?
What does Conflict Management in real estate consulting primarily involve?
In the context of real estate consulting, what is 'Opinion Testimony' focused on?
In the context of real estate consulting, what is 'Opinion Testimony' focused on?
What does Impact Analysis in real estate consulting primarily involve?
What does Impact Analysis in real estate consulting primarily involve?
What is the purpose of Zoning Assistance in real estate consulting?
What is the purpose of Zoning Assistance in real estate consulting?
What does Neighborhood/Community Analysis in real estate consulting primarily involve?
What does Neighborhood/Community Analysis in real estate consulting primarily involve?
'Property Management Review' in real estate consulting primarily involves:
'Property Management Review' in real estate consulting primarily involves:
'Site Selection Analysis' in real estate consulting primarily involves:
'Site Selection Analysis' in real estate consulting primarily involves:
What does Location Analysis in real estate consulting involve?
What does Location Analysis in real estate consulting involve?
In the context of real estate consulting, what does Market Analysis primarily involve?
In the context of real estate consulting, what does Market Analysis primarily involve?
What is the main objective of Impact Analysis in real estate consulting?
What is the main objective of Impact Analysis in real estate consulting?
What does Financial Planning in real estate consulting primarily focus on?
What does Financial Planning in real estate consulting primarily focus on?
In the context of real estate consulting, what does Neighborhood/Community Analysis primarily involve?
In the context of real estate consulting, what does Neighborhood/Community Analysis primarily involve?
What is the focus of Site Selection Analysis in real estate consulting?
What is the focus of Site Selection Analysis in real estate consulting?
What is the main purpose of Opinion Testimony in the context of real estate consulting?
What is the main purpose of Opinion Testimony in the context of real estate consulting?
What does Conflict Management involve in the context of real estate consulting?
What does Conflict Management involve in the context of real estate consulting?
Study Notes
Philippine Association of Realtors' Boards (PAREB)
- Organized in the year 1972.
Society of Realtors (U.S.)
- Main purpose is to promote ethical standards, professionalism, and advocacy in real estate practice.
Membership in the National Association of Realtors® (NAR)
- Philippine real estate practitioners can join by completing necessary membership requirements and application processes established by NAR.
Licensing Regulations Comparison
- In the Philippines, licensing regulations differ significantly from the U.S., particularly in requirements for education and practice.
Consulting Services in Real Estate
- Feasibility Analysis: Assesses economic, financial, and operational aspects of real estate projects.
- Disposition Planning: Involves strategizing the sale or lease of real estate assets.
- Financial Transaction Assessment: Evaluates financial viability and operational risks of potential real estate transactions.
- Acquisition Planning: Focuses on strategies for acquiring properties effectively.
Cost-Related Consulting
- Feasibility Studies: Analyzes costs and potential returns on investment for real estate decisions.
- Detailed Cost Analyses: Optimizes budgeting and financial planning for real estate projects.
Risk and Advisory Services
- Risk Analysis: Involves identifying and evaluating potential risks associated with real estate decisions and projects.
- Role of Real Estate Consultant: Provides specialized, professional advice to clients in various real estate matters.
Specialization in Real Estate
- Difference between Specialists and Generalists: Real estate specialists have in-depth knowledge and expertise in specific markets or areas.
- 'Consequence' in Real Estate: Refers to the outcomes or impacts resulting from real estate decisions.
Consultancy Objectives
- Purpose of Advisory Service: Offers strategic guidance in real estate transactions or management.
- Focus of Real Estate Consulting: Tends to be on providing expert advice and detailed analyses on real estate matters.
Relationships and Services
- Consultant-Client Relationship: Defined by a higher level of trust and obligation compared to that of brokers or agents.
- Distinction between Valuation Studies and Consulting: Valuation focuses solely on determining property value, while consulting encompasses broader advice.
Public Practice and Consultancy Goals
- Public Practice of Real Estate Consulting: Involves providing services to the public in a professional and transparent manner.
- Consultancy aims to offer comprehensive guidance and solutions for real estate challenges.
Issues and Success Measurement
- Issues addressed in Realty Consulting: Range from market assessment to operational challenges in real estate.
- Success of a consultant: Measured by client satisfaction and effectiveness of provided solutions.
Specific Consulting Needs
- Professional advice for landowners on management and development strategies.
- Guidance for new partnerships on operational and financial structure.
- Assistance for developers facing location-specific challenges or market assessments.
Real Estate Analysis Areas
- Location Analysis: Involves evaluating property locations for potential growth and investment.
- Market Analysis: Focuses on understanding market trends, demands, and pricing strategies.
- Conflict Management: Addresses disputes or challenges among stakeholders in real estate transactions.
Impact and Community Analysis
- Impact Analysis: Evaluates effects of real estate developments on surrounding communities.
- Zoning Assistance: Involves advising on zoning laws and regulations affecting property use.
- Neighborhood/Community Analysis: Assesses demographics, amenities, and overall environment of real estate areas.
Management and Planning Services
- Property Management Review: Examines operational efficiency and performance of property management practices.
- Site Selection Analysis: Analyzes potential sites for development based on numerous criteria including access, cost, and zoning.
Financial Focus Areas
- Financial Planning in Real Estate: Primarily focuses on structuring financial strategies for real estate investments and transactions.
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Description
Test your knowledge on location analysis for real estate development and investment, focusing on factors such as accessibility, demographics, and market demand. This quiz will also cover a specific consulting case of evaluating potential sites for a bottled drinking water distribution center.