Abstract
Geographic Information Systems (GIS) have many applications in the real estate industry—an industryinherently spatial in nature—enabling real estate professionals to measure the true impact oflocation and thus make appropriate judgments in many areas, including residential brokerage, appraisal,and market analysis. This article assesses how GIS will affect real estate and closely relatedindustries and provides a critical review of GIS business applications serving to effect that change.GIS technology will lead to increased productivity in many industry operations and to greater accuracyand timeliness of information for both professionals and the general public. As its full potential isrealized, the market will move to higher levels of efficiency, which may ultimately drive down the costof real estate transactions. There should also be a reduction in traditional information arbitrage ofreal estate, where inside information or market knowledge historically has allowed for unusually largereal estate returns.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
