In this ARE 5.0 Practice Management Exam Prep course you will learn about the topics covered in the ARE 5.0 PcM exam division. A complete and comprehensive curriculum, this course will touch on each of the NCARB objectives for the ARE 5.0 Practice Management Exam.
Instructor Mike Newman will discuss issues related to pre-contract tasks including negotiation, human resource management and consultant development.
When you are done with this course, you will have a thorough understanding of the content covered in the ARE 5.0 Practice Management Exam including business structure, business development, and asset development and protection.
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One is the term developer, can just mean somebody who is an owner but their intention is to, very quickly, not be an owner, so a developer who's building, say, a condo building, would be somebody who's going in, making a building, building it as reasonably fast as they can, selling off all the units, and then they're gone versus somebody who is an owner, they're going to hold onto the building for a long time, let's say a campus or somebody, or a corporate entity that this is making their corporate headquarters, they're going to hold onto that for a long time and that mentality is a different mentality than the developer mentality, which is "okay, "we just wanna do it right, we want to do it well "but we also want to get it done and then be gone." If I'm the developer, and the architect is talking to me about some sort of really great heating, cooling system that's gonna have a payback of 30 years but after 30 years it's gonna be awesome, it's gonna be really hard for that developer to think that that's a useful thing because they're long gone after three years or something. Whereas the university owner, that example of the longer-term, or the corporate headquarters, that may make perfect sense to them, right? So there are lots of examples where this difference between the developer and the owner will make perfectly logical sense of different ways of approaching them even though the buildings may be very similar.
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From the course:
ARE 5.0 Practice Management Exam Prep
Duration: 11h 28m
Author: Mike Newman