Course Overview
This pivotal course concentrates on the relationship between foundational macro-economic principles and the five core elements of a real estate market. Students become proficient in identifying and interpreting macro [P.E.E.S.T.L.L.] influences relevant to the ever-changing nature of real estate market opportunities. Students then apply these concepts by drillingdown through metropolitan, municipal, and neighborhood real estate markets relevant to both residential and commercial specialties. Students start with an assigned specific local residential market, developing skills in tracking and forecasting market trends. Learning is then progressed by advancing to the challenge of tracking and forecasting the complexities of a local the commercial market. Students demonstrate their grasp of macro-economic principles related to the real estate industry through a number of case study assignments both individually and in teams.
Prerequisite(s)
- Acceptance into the Advanced Diploma Professional Real Estate Program
Credits
3.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Competently research, analyze, and forecast current PEESTLL (Political, Economic, Environmental, Social, Technological, Legal, and Leadership) factors and macro policies as they relate to a specific real property market.
- Identify and describe the nature and unique interplay of the 5 key elements (Supply, Demand, Cost and Availability of Money, Market Value, and Emotion) at work in a specific real estate market at any point in time.
- Identify, and describe the underlying base factors that can influence the current and then the forecasted market value of real property.
- Effectively and efficiently compare and contrast profitable market-harvest strategies.
- Accurately forecast potential pivotal changes to both the macro factors, and the 5 key elements of a real estate market; and, then demonstrate the potential impact on a specific real estate market.
Effective as of Winter 2020
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.