Contents 1 Credentials 2 Paths for entering the development field 3 Organizing for development 4 Land development 5 See also 6 References

Credentials[edit] There is no specific credential required, nor license necessary, for a person or company to call himself a real estate developer.[3] A real estate developer is not a professional designation, there are no schools or associations who recognize or protect the term as a trademark. Some real estate developers, often those involved in marketing properties through traditional real estate channels, choose to join business associations such as SIOR. Many aspects of the real estate development process require local or state licensing, such as acting as a real estate broker or sales agent along with filing title work or construction or engineering, etc. Licensed contractors who follow blueprints designed by licensed architects and licensed engineers.

Paths for entering the development field[edit] Main article: Real estate development education No single path leads automatically to success in real estate development. Developers come from a variety of disciplines— construction, urban planning, lending, architecture, law and accounting, among others. Recent specialized programs that award a Master of Real Estate Development (MRED) degree are also available. The graduate programs in real estate development are the most comprehensive education in the real estate industry. Other formal education includes a Master of Science in Real Estate (MSRE), or an MBA.

Organizing for development[edit] A development team can be put together in one of several ways. At one extreme, a large company might include many services, from architecture to engineering. At the other end of the spectrum, a development company might consist of one principal and a few staff who hire or contract with other companies and professionals for each service as needed. Assembling a team of professionals to address the environmental, economic, private, physical and political issues inherent in a complex development project is critical. A developer's success depends on the ability to coordinate and lead the completion of a series of interrelated activities efficiently and at the appropriate time. Development process requires skills of many professionals: architects, landscape architects, civil engineers and site planners to address project design; market consultants to determine demand and a project's economics; attorneys to handle agreements and government approvals; environmental consultants and soils engineers to analyze a site's physical limitations and environmental impacts; surveyors and title companies to provide legal descriptions of a property; and lenders to provide financing. The general contractor of the project hires subcontractors to put the architectural plans into action.

Land development[edit] Further information: Land development Purchasing unused land for a potential development is sometimes called speculative development. Subdivision of land is the principal mechanism by which communities are developed. Technically, subdivision describes the legal and physical steps a developer must take to convert raw land into developed land. Subdivision is a vital part of a community's growth, determining its appearance, the mix of its land uses, and its infrastructure, including roads, drainage systems, water, sewerage, and public utilities. In general, land development is the riskiest but most profitable technique as it is so dependent on the public sector for approvals and infrastructure and because it involves a long investment period with no positive cash flow. After subdivision is complete, the developer usually markets the land to a home builder or other end user, for such uses as a warehouse or shopping center. In any case, use of spatial intelligence tools mitigate the risk of these developers by modeling the population trends and demographic make-up of the sort of customers a home builder or retailer would like to have surrounding their new development.

See also[edit] Construction Home construction Land consumption Land use Property investment calculator Redensification Urban sprawl

References[edit] ^ a b Frej, Anne B & Peiser, Richard B. Professional Real Estate Development, Second Edition: The ULI Guide to the Business. Urban Land Institute, 2003. p. 3. ^ New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" ^ Career overview - Real Estate Developer - Editor v t e Real estate developments Commercial Airport Business park Commercial area Mixed-use development Office building Port inland Retail park Riverfront Shopping mall / center Shopping streets and districts Warehouse District Industrial Business cluster Industrial district Industrial park Technology centers Residential Apartment complex Bungalow court City block Company town Golf course community Gated community Housing estate Intentional community Mixed-use development Model dwellings for the poor Multi-family residential Private community Public housing Residential area Retirement community Revenue house Single room occupancy Subdivision Tract housing Science / Education Campus Research park list Satellite campus Science park Municipal Arcology Garden city movement Model village Planned cities Planned community Urban open space parks Buildings Apartment House types Skyscraper Tower block Villa Miscellaneous Brownfield land Cemetery Cluster development Construction Context theory Eminent domain Greenfield land Greyfield land Land-use planning Park Parking Playground Redevelopment Regional planning Urban design Urban planning Zoning v t e Real estate Property Tertiary sector of the economy By location Bangladesh China Italy Kenya Pakistan Puerto Rico Russia South Korea United Kingdom Types Commercial property Commercial building Corporate Real Estate Extraterrestrial real estate International real estate Lease administration Niche real estate Garden real estate Healthcare real estate Vacation property Arable land Golf property Luxury real estate Off-plan property Private equity real estate Real estate owned Residential property Sectors Property management Real estate development Real estate investing Real estate flipping Relocation Law and regulation Adverse possession Chain of title Closing Concurrent estate Conditional sale Conveyancing Deed Eminent domain Encumbrance Foreclosure Land law Land registration Leasehold estate Lease Property abstract Real estate transaction Real estate contract Real property Rent regulation Severance Torrens title Zoning Economics, financing and valuation Asset-based lending Capitalization rate Effective gross income Gross Rent Multiplier Hard money loan Highest and best use Investment rating for real estate Mortgage insurance Mortgage loan Real estate derivative Real estate economics Real estate bubble Real estate valuation Rental value Parties Appraiser Buyer agent Buyer broker Chartered Surveyor Exclusive buyer agent Land banking Landlord Moving company Property manager Real estate broker Real estate entrepreneur Real estate investment club Real estate investment trust Real property administrator Other Companies Eviction Gentrification Graduate real estate education Green belt Indices Industry trade groups Land banking People Property cycle Real estate trends Undergraduate real estate programs Urban decay Urban planning   Category   Commons   List of topics v t e Land use General Degradation Development/Conversion Planning Conflict Land management Sustainable land management Landscaping Integrated landscape management Land grabbing Land consumption Land loss Habitat loss Illegal construction Land reclamation Land rehabilitation Landscape ecology Rangeland management Environmental planning Leopold matrix Watertable control Developed environments Built-up area Property Property Subdivision (land) Real estate developer Land development bank Land (economics) Customary land Related fields Soil Soil science Soil compaction Soil pollution Overpopulation Pollution Deforestation Urban planning Infrastructure Urban renewal Agriculture Permaculture Drainage system (agriculture) Sustainable agriculture Categories: Land use Retrieved from "" Categories: Real estate and property developersArchitectureConstructionHidden categories: Articles needing additional references from September 2013All articles needing additional references

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