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Proactive shifts in investment and want patterns are a consequence of India's growing middle class, expanding young population, rising literacy rate, and improved workforce. There is a lot of pressure on India's real estate market since everyone wants to purchase a property. Inevitably, all areas of society will experience short-term upheaval as a consequence of any economic transformation. The government's unexpected 2016 announcement of demonetization, a recent economic reform, caused widespread upheaval and endangered economic progress. The real estate industry is one that has not yet seen the effects of demonetization. Demonetization has a disproportionately negative impact on the real estate market. In this report, we looked at the real estate market before and after demonetization to see how the policy changed things. Secondary data came from a variety of sources, including government reports and magazines, while primary data came from a survey of eighty-three real estate agents and real estate businessmen chosen at random using the snowball sampling method. To assess the effects of demonetization on the real estate industry before and after the policy change, researchers used a paired sample t-test. Since the value of assets and people's wants have decreased owing to demonetization, the research found that real estate brokers and real estate companies have lost money. [ABSTRACT FROM AUTHOR]

Technology has boomed in all sectors of life and has become a basic need for human beings to rely on and use as their complementary part of tools in everyday life activities. Compared to the old days, when face-to-face and hands-on activities were traditionally conducted in the life and work of real estate agents, the presence of blockchain technology in the real estate industry can be so cooperative and decent for property users, workers, and authorities. Blockchain technologies have already been implemented, especially in the areas of land registry systems in the first place by most developing countries. In recent years, with the development of technology, especially in real estate industries, blockchain technology has excelled in providing better service to the public. This research aims to develop a framework of addressing fraud in real estate transactions using blockchain technology in Malaysia. The main objectives of this study are to identify the possible fraud issues in real estate transaction processes, to determine the principles of transparency and trust in addressing frauds in real estate transactions process, to assess the application of blockchain technology in improving transparency and trust related to fraud in real estate transactions process and to construct a framework of blockchain technology of addressing fraud in real estate transactions in transparency and trust improvement. The main research methodology opted in this research will be the Analytical hierachy process of Blockchain Implementation and Observation method in the context of blockchain in real estate agency transactions. Findings from cross-sectional content analysis and cognitive mapping would provide the needs for a real estate transaction process framework using blockchain technology for Malaysia. [ABSTRACT FROM AUTHOR]

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Objective: This work aims to evaluate the existence of cognitive biases and heuristics described by behavioral finance in the investment decision-making process in the Portuguese housing market. The real estate market is unique. Each asset has its specificities, and every investor has its business perception, depending on its intrinsic characteristics, and so their qualifications and experiences influence each decision in diverse ways. Tversky and Kahneman (1974) showed that investors use heuristics to reduce the complexity of evaluating probabilities and predicting values. Methodology: We collected a sample of 210 respondents using an online questionnaire consisting of 29 multiple-choice questions that had been used in previous studies of the same subject in other countries. Afterward, descriptive statistical analysis and exploratory factor analysis tools were used to present and discuss the results. We tested normality through Kolmogorov-Smirnov and Shapiro-Wilk tests. After the analysis of normality, Bartlett's sphericity and Kaiser-Mayer-Olkin tests were applied to understand if it was possible to apply the factor analysis. Bartlett's sphericity test made it possible to assess that the model was valid to apply the factor analysis. Originality: Although several similar studies have been published recently (Tan, 2021; Karnatak, 2021), to the best of our knowledge this is the first study about heuristic and cognitive biases applied to the Portuguese real estate market. Results: We found evidence of herd behavior (Banerjee, 1992) and evidence of four heuristics: Representativeness, Availability Anchoring (these three found by Tversky and Kahneman, 1974), and overconfidence (Kahneman et al., 1982). We did not find evidence of the gambler’s fallacy heuristic (Tversky and Kahneman, 1971). These cognitive biases influence investors’ behavior in their decision-making process, and our findings are in line with previous research (Pandey and Jessica, 2018).Practical Implications: Our results confirm that the Portuguese real estate investors show evidence of some of the cognitive biases and the heuristics identified in the literature. This knowledge could be used by real estate brokers in improving their marketing approach to these investors, making the real estate sector commercial communication more effective. Limitations: The total variance explained was under 50%, suggesting that the identified explanatory factors are not as significant as they were in previous studies. The Cronbach’s alpha of 0,6 is evidence of the low reliability of the factor structure. [ABSTRACT FROM AUTHOR]

In this pilot phase of an ongoing study, I use content analysis and interviews to uncover the failure of the cultural scripts proffered by "property tv" to prepare families and individuals for the process of purchasing a home. The meanings and expectations embodied in these scripts break down in potential homebuyers' interactions with real estate agents. Real estate agents--identifying themselves as the experts in the home buying process--attempt to revise these scripts, offering homebuyers an alternative script that they believe is more closely aligned with the ontheground realities of shopping for and purchasing a home. While the cultural scripts offered by property tv have been noted for their potential to shape national and personal identity (McElroy 2008), ideas about aesthetic taste and cultural distinction (Giles 2002), and gendered meanings of home (White 2013), I am now able to connect these scripts to buyers' and agents' actions. This finding has two theoretical implications of particular note: first, it offers insight into how mediagenerated cultural meanings are deployed in interaction. Media effects are often measured by their correlation with individual attitudes or reactions, but this study reveals their role in interactions, within grounded situations. Secondly, and more broadly, this finding helps to clarify the role of culture in action by identifying a case in which a widely available cultural script is illsuited for deployment in its corresponding situation, and by revealing actors' attempts to revise that script. [ABSTRACT FROM AUTHOR]

A great deal of research has focused on the social negotiations that occur in gentrifying communities. Supply side actors, however, are generally left out of these accounts and are thought to contribute primarily to the built environment. This paper attempts to fill that gap using 47 in-depth interviews with real estate developers and homeowners in a gentrifying neighborhood in Baltimore, MD, which after decades of decline has shown unprecedented levels of private investment. We find that the process of reconstructing a community rich in social capital is a complex one that simultaneously integrates and excludes legacy residents based on their social standing and habitus. Adding to the literature, we find that real estate developers are not just rehabilitating housing but are actively shaping the social systems of this new community. They carefully manage the process of residential sorting and provide residents with the institutional architecture necessary to build social capital. Although these investments can help the community reduce disorder, the developers' social projects are ultimately self-serving; they work to construct a community that aligns with potential middle class homebuyers' vision of safety and cohesion, thus increasing future home sales. We conclude with a discussion of how the withdrawal of public and community institutions from high-poverty neighborhoods - a key part of the neoliberal turn - has left a social capital vacuum that can and will be filled by the private sector. [ABSTRACT FROM AUTHOR]

A thorough evaluation and analysis of the real estate market when buying or selling real estate is not a strong point of Polish real estate market. The parties buying and selling and often believe that they themselves are sufficiently qualified to conduct real estate transactions. Meanwhile, in-depth analysis of the legal process, economic, planning and construction is rare and requires a combination of several professions. Hence, the introduction of a due diligence in advising real estate is a valuable change that could revolutionize the current view on real estate transactions. A comprehensive study of the property allows you to provide detailed information to enable avoidance of risk, which may adversely affect the price of the property and the entire transaction. It is important to analyze in detail the land registers, possible changes in the area around the property as well as financial outlay which will require the purchase of property and the prospects of obtaining funds for the purchase and maintenance of the property. Changes made axle 1 January 2014 concerning the deregulation of the profession of real estate agent on the one hand opened the market for new professions, the other removed the responsibility of the people uneducated in this area. The article presents the general principles of the institution due diligence and give an example of an analysis based on the selected plot of land and premises. [ABSTRACT FROM AUTHOR]

The article discusses the study on the impact of contingent self-worth (CSW) on goal setting. It details how the study was conducted which involved 411 college students in the U.S. and 210 sales people in the real estate sector in China and the testing of two hypothesis. It examines the moderating effect of self-esteem which may affect the tendency of high-CSW people to establish a non-specific goal. The results reportedly revealed that people ares more likely to set non-specific or easy goals if their self-worth is contingent on a domain.

Workers make claims to professional status even when they fail to meet what many sociologists would call minimal criteria for a profession. On the surface such activity may seem counter-productive, but in reality such claims can help practitioners achieve a certain level of status or prestige not afforded to other workers. There are consequences for making such claims, however, including internal stratification and external challenges to professional jurisdiction. In this paper I argue that realtors are one group that makes professional status claims through a process of collective career narration. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]

A substantial body of literature considers the benefits and drawbacks to operating a business in the inner city. Given that many location decisions are influenced to a great extent by external parties (e.g., brokers, developers) who bear little responsibility for business operations and are driven mainly by the need to complete a real estate transaction, it is critical that researchers understand not only how decision makers think about the costs of doing business in the city, but also how they view the costs of setting up a business in the city. This paper reviews findings from in-depth interviews with thirty real estate professionals involved in the firm location decision process. As I will demonstrate, the data point to five characteristics of cities that real estate professionals perceive as obstacles to development, and thus may discourage firms from setting up shop in an urban center: (a) densely populated neighborhoods; (b) diversity; (c) industrial legacies; (d) the size and complexity of city management; (e) politics. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]

The study of immigrant neighborhoods has been a major means of understanding the forms of urban patterns and immigrant adaptation processes since the inauguration of sociology. However, there has been much less consideration of how immigrants cluster in neighborhoods. If there is any mention of such mechanisms in the literature, it is usually the classic explanation of Burgess that is given, that is immigrants, especially those with limited resources and language ability, cluster because they do not know the new place or people well. However, recent studies on immigrant residential patterns have indirectly seriously challenged Burgess' explanations. Therefore, there is a need for an updated understanding of how immigrants cluster residentially. Our analysis is based on a data set recently collected in Toronto. We explore the effects of neighborhood preferences and sources of housing information on the neighborhood clustering of immigrant groups. Our results have demonstrated that both the preference for residing close to co-ethnic members and the use of co-ethnic real estate agents in searching for housing will lead to possible ethnic clustering. The results suggest that it is not just the preference suggested in the literature that determines immigrant clustering, but that the institutional role of real estate agents also contributes to the clustering. Implications to immigrant adaptation is discussed. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]

Information on a workshop related to environmental issues and environmental and mold insurance, at the International Council of Shopping Centers (ICSC) U.S. Shopping Center Law Conference, held in Orlando, Florida, on October 26, 2006 is presented. It informs that real estate sellers have a number of drafting tools at their disposal to identify and shift the risk of environmental conditions. It discusses the purpose of an environmental assessment which is to determine the risks due to environmental laws.

Success in real estate sales was related to components of achievement motivation and sex role orientation using instruments developed by Spence and Helmreich (1978). High performance was related most strongly to an orientation toward mastering difficult tasks, high scores in Masculinity (instrumentality) and high self-esteem. [ABSTRACT FROM AUTHOR]

Problem statement: Real estate housings are always brokered through agents without the information about the previous user, owner or tenant. At housing ads are only the information of the real estate available, also the brokers use such information in their visit and negotiation. The problem is that there is no investigation if the information about the previous user could influence the selling process, especially the selling price of the housing. Research aim: This study investigates if the information about different owners of a housing ad can influence customers' attitude towards the real estate, customers rent intention and customers willingness-to-pay. Research method: The study is based on a web supported and simulated field experiment. Therefore, the defined typical housing ad is in all scenarios the same, only the type of owner is changed. For the type of owner are four different stereotypes defined, including a positive and negative associated individual and a family. Main results and findings of the study: The overall results show a significant difference if the information about the owner was positive or negative. Though the suggestibility of people in the real estate context from psychological or sociological parameters was assumed from previous literature, this study was able to support these findings. Theoretical and practical implications of the work: The implication of this paper is on the one hand relevant for real estate brokers and on the other hand for the housing sellers who did not pay any attention to information about the real estate owner as a person and their influence on the pricing. Conclusions drawn: It could be discovered that over 53% of the respondents are aware that they are influenced by the information about the real estate owner and take it fully consciously as a basis for decision making. [ABSTRACT FROM AUTHOR]