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MBA 501
INTRODUCTION
Real Estate transaction - sale, purchase, exchange,
mortgage, lease or joint venture, etc.
Real Estate Broker In-house , mortgage, project,
brokerage
Brokerage - is the most complicated due to the complexity
of the transaction process.
Real property owner
sell their property on their own
seek the assistance of the real estate broker
INTRODUCTION
5,000+ licensed brokers ; 2,000 plus active (members of
different organizations); 10% of active involve sa brokerage
This study focuses on the broker-assisted transactions.
40 Real Estate Brokers engaged in brokerage transaction
The purpose of the study is to determine factors that make
the transaction complicated and how the brokers deal on it.
The main purpose is to draw lessons and guide future
transactions.
Result: real estate brokerage transaction is complicated due
to the complexity of the property rights being transferred, the
amount of money being exchanged, the market and
government regulations.
TRANSACTION PROCESS
hire a real estate broker
engage the services of a real estate
broker
presentation of the property
Negotiation
holding period
closing of the sale
Successful
Mean
Price Setting
34.00
Documentati
on
Bank
Processing
Property
Features
Market
Grand Mean
13.40
Legend:
31.00 40.00
21.00 30.00
11.00 20.00
1.00 10.00
Failure
Mean
28.00
14.00
I
A
S
23.00
6.00
12.00
5.00
14.00
8.00
5.00
16.40
A
S
R
N
Always
Sometimes
Rarely
Not Practiced
Mean
Owner
32.00
Broker
7.00
Appraiser
5.00
Banks
2.00
Grand Mean
11.5
Legend:
31.00
21.00
11.00
1.00
40.00
30.00
20.00
10.00
A
S
R
N
Always
Sometimes
Rarely
Not Practiced
1-3
4-7
8-10
5
10
12
Percenta
ge of
Closed &
Failed
Transacti
on
5%
20%
30%
Thank You.