Real Estate Counseling Group of America (RECGA)

Overview

The Real Estate Counseling Group of America (RECGA) is a nationwide assemblage of recognized experts in the field of real estate. Each member is a principal in a firm that specializes in providing comprehensive services in real estate valuation, business valuation, research, advisory, counseling, and market analysis.

Address

Real Estate Counseling Group of America (RECGA)
c/o Kenneth J. Rogers
Duke Realty Company
600 East 96th Street, Suite 110
Indianapolis, IN 46240
Phone: 317-808-6193
Fax: 317-808-6733
Website: www.recga.net

Examples

Valuation for Commercial Properties: RECGA members regularly perform detailed valuations for commercial properties, providing clients with accurate and current market values for asset management and transaction purposes.
Feasibility Studies: RECGA is often engaged to conduct feasibility studies for proposed developments, offering thorough analyses that help developers make informed decisions.
Market Analysis: RECGA experts produce comprehensive market analyses that identify key trends and projections, aiding investors and stakeholders in strategic planning.
Advisory Services: Potential buyers or sellers of large real estate assets often rely on RECGA members for their expert advisory services, including negotiations and closing procedures.
Business Valuation: In addition to real estate, RECGA members also offer business valuation services for clients looking to merge, acquire, or divest business interests.

Frequently Asked Questions (FAQs)

What is the purpose of the Real Estate Counseling Group of America (RECGA)?

The primary purpose of RECGA is to provide high-quality, expert-driven real estate consulting services, including valuations, counseling, and market research.

Who can utilize RECGA services?

RECGA services are available to a range of clients, from individual homeowners and business owners to large commercial firms and developers.

Are RECGA members certified professionals?

Yes, members of RECGA are highly qualified professionals, often holding multiple certifications and decades of experience in the field of real estate consulting.

Can RECGA help with both residential and commercial properties?

RECGA primarily focuses on commercial real estate but can offer guidance and services related to residential real estate as needed.

Appraisal: A professional assessment of a property’s value.
Feasibility Study: An analysis of how successfully a project can be completed, accounting for factors such as legal, economic, and technological considerations.
Market Analysis: A comprehensive study to gain understanding of the market conditions affecting a particular property type.
Business Valuation: The process of determining the economic value of a business entity.
Real Estate Valuation: The practice of developing an opinion of value for real estate property.

Online Resources

References

“The Appraisal of Real Estate” by the Appraisal Institute, a comprehensive guide for real estate appraisal professionals.
Various market studies published by REALTOR Magazine, a leading source for the latest real estate market trends and analysis.

Suggested Books for Further Studies

“Real Estate Principles: A Value Approach” by David C. Ling and Wayne R. Archer This book offers a foundational understanding of real estate principles with an emphasis on creating and measuring value.
“Real Estate Finance and Investments” by William B. Brueggeman and Jeffrey D. Fisher A detailed compendium on the financial and investment aspects of real estate.
“The Appraisal of Real Estate” by the Appraisal Institute The newest edition of this cornerstone text delves deep into the methodologies and best practices for the valuation and appraisal of various property types.
“Real Estate Market Analysis: Methods and Case Studies” by Deborah L. Brett and Adrienne Schmitz This book covers sophisticated approaches to market analysis with real-world examples and case studies.

Real Estate Basics: RECGA Fundamentals Quiz

### What is the primary focus of RECGA? - [ ] Residential property sales - [ ] Market analysis - [x] Real estate valuation and consulting - [ ] Property management > **Explanation:** The primary focus of RECGA is on real estate valuation, business valuation, consulting, counseling, and market analysis services. ### Who typically provides the services offered by RECGA? - [ ] Government officials - [ ] Real estate agents - [x] Recognized experts in valuation and market analysis - [ ] Property developers > **Explanation:** Recognized experts who are principals in firms providing real estate valuation, business valuation, research, advisory, counseling, and market analysis services typically offer RECGA’s services. ### Can RECGA members conduct feasibility studies for new developments? - [x] Yes - [ ] No - [ ] Only if it pertains to business valuation - [ ] Under special conditions > **Explanation:** RECGA members frequently conduct feasibility studies for prospective developments, offering insight for informed decision-making. ### RECGA members mainly focus their valuations on which type of properties? - [ ] Residential properties - [ ] Industrial properties only - [x] Commercial properties - [ ] Agricultural properties > **Explanation:** RECGA primarily focuses on commercial real estate though they may offer services for residential properties as necessary. ### Are the RECGA services restricted only to valuations? - [ ] Yes - [ ] No, they also offer property sales and leasing - [x] No, they include advisory, counseling, and market analysis - [ ] Yes, but limited to commercial properties > **Explanation:** RECGA services encompass advisory, counseling, and market analysis in addition to real estate valuation. ### What type of clients can benefit from RECGA services? - [ ] Only commercial developers - [ ] Only individual homeowners - [x] Both individual and commercial clients - [ ] Non-profit organizations only > **Explanation:** Both individual homeowners and business owners, as well as large commercial firms and developers, can utilize RECGA services. ### Do RECGA members usually hold professional certifications? - [x] Yes - [ ] No - [ ] Only specific members - [ ] Depends on the region > **Explanation:** RECGA members are highly qualified professionals who typically hold multiple certifications and extensive experience in real estate consulting. ### How can RECGA assist in strategic planning? - [ ] Through elaborate interior design - [ ] By suggesting mortgage plans - [x] Through comprehensive market analysis - [ ] By offering property insurance > **Explanation:** RECGA experts assist in strategic planning through comprehensive market analyses identifying key trends and projections. ### What specialized analysis do RECGA experts produce to help stakeholders? - [x] Market analysis - [ ] Policy analysis - [ ] Budget analysis - [ ] Geographic analysis > **Explanation:** RECGA experts produce detailed market analyses which help stakeholders and investors in strategic planning. ### Which broader service is inclusive under RECGA’s offering besides property valuation? - [ ] Property sales - [ ] Building renovation - [x] Business valuation - [ ] Legal counseling > **Explanation:** Besides property valuations, RECGA members also extend their services to business valuation, helping clients in merging, acquiring, or divesting business interests.