PART 1: General Real Estate Studies
Chapter 1: System of Real Estate Studies 16
Section 1: System of Real Estate Studies 16
Section 2 Properties of Real Estate (Activities) 21
Chapter 2: Concepts and Classification of Real Estate 24
Section 1: The Concept of Real Estate 24
Section 2 Classification of Real Estate 29
Chapter 3: Characteristics and Properties of Real Estate 40
Section 1: Characteristics of Real Estate 40
Section 2: Attributes of Real Estate (Essence, Value of Existence) 47
PART 2 Real Estate Economics
Chapter 1: Real Estate Demand and Supply Theory 54
Section 1: Real Estate Demand Theory 54
Section 2: Real Estate Supply Theory 65
Section 3 Changes in Equilibrium Price and Quantity 70
Section 4 Elasticity of Supply and Demand 78
Chapter 2 Real Estate Market Fluctuations 92
Section 1: Inflation and General Economic Fluctuations 92
Section 2: Real Estate Market Fluctuations 95
Section 3: Characteristics of the Real Estate Market Cycle by Phase 99
Section 4: Cobweb Theory 102
PART 3 Real Estate Market Theory
Chapter 1: Real Estate Market Theory 108
Section 1: Concepts and Types of the Real Estate Market 108
Section 2: Characteristics and Functions of the Real Estate Market 111
Section 3: Efficient Market Theory 114
Section 4: Housing Market 121
Chapter 2: Location and Spatial Structure 125
Section 1: Land Theory 125
Section 2: Urban Spatial Structure Theory and Urban Economic Foundation Theory 131
Section 3: Real Estate Site Selection 138
PART 4 ​​REAL ESTATE POLICY
Chapter 1: Real Estate Issues 154
Chapter 2 Real Estate Policy 158
Section 1 Government Intervention in the Market 158
Section 2 Housing Policy 172
Section 3 Real Estate Tax Policy 181
PART 5 REAL ESTATE INVESTMENT THEORY
Chapter 1: The Significance of Real Estate Investment 190
Section 1: The Nature of Real Estate Investment 190
Chapter 2: Risks and Returns of Real Estate Investment 197
Section 1: Risks of Real Estate Investment 197
Section 2 Rate of Return 202
Section 3: Portfolio Theory 210
Chapter 3: Real Estate Investment Analysis 217
Section 1: Mathematical Foundations for Real Estate Investment Analysis 217
Section 2: Real Estate Investment Decision-Making Stages and Cash Flow Measurement Methods 225
Section 3 Real Estate Investment Analysis Techniques 230
PART 6 Real Estate Finance
Chapter 1: Real Estate Finance 250
Section 1: The Significance and Function of Real Estate Finance 250
Section 2 Housing Finance 253
Section 3: Mortgage Loan System for Real Estate 255
Section 4 Mortgage Repayment Method 256
Section 5 Korea Housing Finance Corporation (HF) 268
Chapter 2: Real Estate Securities 273
Section 1 Mortgage Securitization System 273
Section 2 Mortgage-Backed Securities (MBS) 276
Section 3: Mobilizing Real Estate Finance 279
PART 7 Real Estate Development, Management, and Marketing
Chapter 1: Real Estate Use and Development 292
Section 1 Real Estate Utilization Activities 292
Section 2 Real Estate Development 298
Chapter 2: Real Estate Management and Real Estate Marketing 314
Section 1 Real Estate Management 314
Section 2: Real Estate Marketing 324
PART 8 Real Estate Appraisal Theory
Chapter 1: Fundamentals of Emotional Assessment 330
Section 1: The Significance, Necessity, and Function of Emotional Assessment 330
Section 2 Classification of Appraisals 332
Section 3: General Theory of Real Estate Prices 338
Section 4: Factors in the Formation and Creation of Real Estate Value 341
Section 5: Principles of Real Estate Value 343
Section 6 Regional and Individual Analysis 350
Chapter 2: Three Approaches to Emotional Assessment 355
Section 1: Basic Principles of the Three Appraisal Methods 355
Section 2 Rules on Appraisal 359
Section 3: Cost Approach 365
Section 4 Comparative Method (Market Approach) 381
Section 5: Income Approach 391
Chapter 3 Real Estate Price Disclosure System 403
Section 1 Publicly Announced Land Price System 404
Section 2 Housing Price Disclosure System 412
Section 3 Non-residential Real Estate Price Disclosure System 418