The Ethical Issues Of Real Estate Industry - 1112 Words

The ethical issues I may encounter while working as a professional in commercial real estate With the rapid change of the state of society as well as the development of technology, the real estate industry has transformed from traditional form like real estate broker into a systemic, organized industry, which provide the client with valuation; management; consultancy; transaction of real estates, commercial or residential. While the changing patterns of estate agency industry particularly in commercial real estate field, from the development of small-operated stores to franchise, corporations, has brought the change of society role and the change of customer expectations of real estate industry. Practitioners engaged in the real estate agency industry were under the cognitive of land or estate brokers, while which has more frequently treated as professionals. Thus, the estate industry in the society become more influential under the title evolution â€Å"professional intermediary . While due to the expansion of commercial real estate industry, the professionalism and visual ization of those practitioners as well as their ethic have drew increasingly attention from the community. The ethics and values of professional in commercial real estate field can affect the business operation, lack of which would result trade dispute and incur additional transaction cost. The ethical issues are arguably the consequence of conflict of interests between twoShow MoreRelatedEthics Are A Great Concern For Professionals1322 Words   |  6 Pageswill have a strong influence on its reputation and its success. Moral issues arise in business when individuals face a decision that involves choosing between the right and the wrong. However, as simple as it may sound, making the right choice is not an easy task since moral law is not written down like legal law, and consequently each individual has its own view on the matter (Jenman, 2014). This is why firms implement ethical codes of conduct which have a strong influence on how employees act, sinceRead MoreThe Ethical Issues I May Encounter Whilst Working As A Professional For Commercial Real Estate1187 Words   |  5 PagesThe et hical issues I may encounter whilst working as a professional in commercial real estate. This essay presupposes that the subjects’ career path begins with a period spent studying towards the assessment of professional competence as set out by the RICS governing body; a logical step at the start of a career in commercial real estate. Whilst there is extensive research on problems of ethics in other countries such as that by Bowen (2007), the focus is on a potential career path based in theRead MoreEthical Ethics Of The Real Estate Industry1231 Words   |  5 PagesWith any professional business, ethical behaviors and practices will be an important matter to consider. Simply put, ethics are principles of behavior. These principles are customs, values and/or practices a society considers to be morally sound. Our behaviors are measured by these principles and people act in ways to meet the standards set by society. Ethics are especially important in the activities of skilled or influential professionals, because it protects consumers who depend on and trust themRead MoreFinancial Analysis And Assessment Of Countrywide Financial Corporation870 Words   |  4 Pagescalculated from the data on Countrywide Financial Corporation’s Financial Performance Worksheets. This paper covers three areas. The first part of the paper contains a brief history of Countrywide and the position of the corporation in the market of real estate mortgage. The second part is a SWOT analysis of Countrywide s performance and the reasons for their success’s and failures. Finally, a recommendation for Countrywide Financial Corporation and a conclusion. According to Eastburn (2010), CountrywideRead MoreCountrywide Financial : A Large Diversified Financial Service Provider1018 Words   |  5 Pagescrisis of 2008 Countrywide was found to be a significant contributor to the subprime mortgage debacle. Bank of America was in a position to acquire Countrywide, but they would need to make some large scale ethical changes to the way they operated. Countrywide wanted to be the largest real estate mortgage originator in the United States. Unfortunately, they took many shortcuts and abused the United States lending acts to earn profits. The mortgage firm’s operating earnings were growing rapidly, andRead MoreThe Crisis Of The Subprime Loan Scandal1222 Words   |  5 Pagesthe exploitation of homeowners during the subprime loan scandal. 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This is confirmed with my interview with Brynne Eberhardt, a real estate analyst at Eastdil Secured, one of the nation’s most well respected and dominant forces in the commercial real estate industry.  Ã‚  The various communication platforms utilized by real estate industry members allRead MoreDescriptive Statistics Paper1184 Words   |  5 PagesThe housing market was once known as the biggest money making industry in the United States. Housing, which was the way our economy made the majority of their money, is now contributing less to the economic expansion. The decline in the housing market has raised many concerns throughout the entire country. This paper provides statistics on the United States population housing market, economy, demographical characteristics, demographical area and the large amount vacant property. Included in thisRead MoreThe Core Of Strategic Plan1288 Words   |  6 Pagescompany’s strategic decisions (Sinochem Group, 2013, p. 7). 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For: CEM Assignments Office Date: 27/02/2013 From: Deniz Berkan Unsal Moscow, Russian Federation List of Contents 1.0 Summary 2.0 Question 1: Discussing the issues involved in CSR, and giving examples illustrating the benefits and limitations of making a commitment to CSR from the point of view of organizations in the construction, real estate and