What roles do a developer, builder, lender, liaison and realtor play in a development project?
Developer: A developer’s role in a development project is akin to the role of an executive producer in the film industry. The developer is the person pulling the strings of all the key members of the project. The developer as in the film industry obtains the necessary financing for the project and determines the market conditions for viability of the success of the development project. The developer addresses questions such as: will the envisioned project (i.e., condominium or townhouses) sell? Or how many people can we realistically expect to come see this movie? Or how much can we spend on the project? The developer’s role is critical in any development project just as the executive producer in the firm industry. Though the executive producer is not tactually the person making the film, it is literally impossible to make a film without such a person. Similarly, the developer wears the same hat as the executive producer when it comes to the development project. Building Contractor/Gen
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