Green rating or certification is used to indicate the level of environmental friendliness for real estate properties.
In the US, it is a real estate designation for REALTORs approved by the (American) National Association of Realtors (NAR). [1] The program was developed in 2008 by the Real Estate Buyer's Agent Council of NAR, with administration transferred to the Green Resource Council. [2] The course curriculum includes sustainable building practices, marketing, and rating systems (e.g., LEED, IFGICT and Energy Star). As a result, there is some course content overlap with the EcoBroker and NAGAB's Accredited Green Agent and Broker designations.
In India, the Energy Resources Institute (TERI) developed the GRIHA (Green Rating for Integrated Habitat Assessment). GRIHA is promoted by the Ministry of New and Renewable Energy (MNRE) as a national rating system. It originally developed from LEED and has additional requirements. [3] There is also the Indian green building council (IGBC) rating system. [4]
A multiple listing service is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation and accumulate and disseminate information to enable appraisals. A multiple listing service's database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. It has over 1.4 million members, making it one of the biggest trade associations in the USA including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. The organization holds a U.S. trademark over the term "realtor", limiting the use of the term to its members. NAR also functions as a self-regulatory organization for real estate brokerage. The organization is headquartered in Chicago.
A real estate agent, referred to often as a Realtor and/or a real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency. Many states require written disclosures to be signed by all parties outlining the duties and obligations.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
Green building refers to both a structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle: from planning to design, construction, operation, maintenance, renovation, and demolition. This requires close cooperation of the contractor, the architects, the engineers, and the client at all project stages. The Green Building practice expands and complements the classical building design concerns of economy, utility, durability, and comfort. Green building also refers to saving resources to the maximum extent, including energy saving, land saving, water saving, material saving, etc., during the whole life cycle of the building, protecting the environment and reducing pollution, providing people with healthy, comfortable and efficient use of space, and being in harmony with nature Buildings that live in harmony. Green building technology focuses on low consumption, high efficiency, economy, environmental protection, integration and optimization.’
Leadership in Energy and Environmental Design (LEED) is a green building certification program used worldwide. Developed by the non-profit U.S. Green Building Council (USGBC), it includes a set of rating systems for the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently.
The U.S. Green Building Council (USGBC), co-founded by Mike Italiano, David Gottfried and Rick Fedrizzi in 1993, is a private 501(c)3, membership-based non-profit organization that promotes sustainability in building design, construction, and operation. USGBC is best known for its development of the Leadership in Energy and Environmental Design (LEED) green building rating systems and its annual Greenbuild International Conference and Expo, the world's largest conference and expo dedicated to green building. USGBC was one of eight national councils that helped found the World Green Building Council (WorldGBC). The current president and CEO is Peter Templeton.
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many other countries.
Robert "Rob" Watson, is a market transformation expert, international leader in the green building movement and CEO and chief scientist of The ECON Group. He founded the LEED Green Building Rating System of the United States Green Building Council (USGBC) in 1993 and was its founding chairman until 2006.
e-Pro is an Internet professional certification program approved by the National Association of Realtors (NAR) for its members. Members of the Canadian Real Estate Association (CREA) may also pursue the e-Pro certification and use the logo by completing the online learning program.
Green Business Certification Inc. (GBCI) is an American organization that provides third-party credentialing and verification for several rating systems relating to the built environment. It was established as the Green Building Certification Institute in January 2008 with the support of the U.S. Green Building Council to provide independent oversight of the Leadership in Energy and Environmental Design (LEED) project certification and professional credentialing processes. The organization's current name was adopted on 16 April 2015 after the organization starts to provide third-party certification for the International WELL Building Institute's evidence-based building standard WELL Building Standard on 4 April 2014, the Perfect Power Institute's PEER standard, and the Global Real Estate Sustainability Benchmark.
This article provides examples of green building programs in the United States. These programs span the public, private, and non-profit sectors, and all have the goal of increasing energy efficiency and the sustainability of the built environment.
A green building is one that uses less water, optimizes energy efficiency, conserves natural resources, generates less waste and provides healthier spaces for occupants, as compared to a conventional building. The Indian green building council (IGBC) is the leading green building movement in the country. Throughout the building lifecycle, green buildings employ practices that are resource- and environmentally-conscious. The idea of "green buildings" attempts to completely reduce any bad effects while maximizing any beneficial effects a structure has on both its surrounding environment and its human occupants.
The LEED Professional Exams are administered by the Green Business Certification Inc. (GBCI) for professionals seeking to earn credentials and certificates. The exams test knowledge based on the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Rating Systems.
LEED for Neighborhood Development (LEED-ND), where "LEED" stands for Leadership in Energy and Environmental Design, is a United States-based rating system that integrates the principles of smart growth, urbanism, and green building into a national system for neighborhood design. LEED certification provides independent, third-party verification that a development's location and design meet accepted high levels of environmentally responsible, sustainable development.
Mindspace is a brand of commercial and industrial parks established by K Raheja Corp. Located in Mumbai, Hyderabad, Chennai and Pune, the industrial hubs offer offices, residential towers, entertainment facilities and other retail businesses. By 2016, the parks developed by Mindspace housed more than 50 businesses in India, including Accenture, L&T Infotech Ltd, Cognizant Technology and Capegemini Group.
Bangladesh is one of the most vulnerable nations in the world due to climate change. As the ninth most populous country and twelfth most densely populated countries in the world, its rising population and limited land space have put tremendous strains on the urban ecosystem. The capital of Dhaka itself underwent severe transformations in recent years to catch up the increased rate of urbanisation. This change was paralleled by a boom in the real estate, construction and housing industry. According to United Nations Population Fund (UNFPA), Dhaka is one of the most polluted cities in the world.
Green Building Initiative (GBI) is a 501(c)(3) nonprofit organization that owns and administers the Green Globes green building assessment and certification in the United States and Canada. It was established in 2004 and is headquartered in Portland, Oregon.
GreenCE is an online platform that educates architects, engineers, interior designers, and contractors. The organization is a US Green Building Council (USGBC) Education Partner. The USGBC developed the Leadership in Energy and Environmental Design (LEED) system, the world's most utilized green building rating system. GreenCE is also an American Institute of Architects (AIA) Education Provider. It develops and delivers continuing education via online courses, webinars, and live classroom events. GreenCE is a partner with the Health Product Declaration Collaborative and is one of seven companies in the world to help develop third party verification tools for the building product declaration. GreenCE is based in San Antonio, Texas, and has an office in Portland, Oregon, dedicated to LEED certification education.
RMZ Corp is a privately owned real estate firm in India, headquartered in Bangalore. The company was established in 2002. RMZ Corp is India's largest LEED certified company according to The Hindu Business Line. LEED is one of the most popular green building certification programs used worldwide.