The Real Estate Business

Описание: REAL ESTATE PROFESSIONS

Real estate activities
● create, improve, manage, maintain, demolish, own, regulate, and transfer real properties

Property type specializations
● residential; residential income; office; retail; industrial; farm and ranch; special purpose; land

REAL ESTATE BROKERAGE
● procure a buyer or tenant for an owner or landlord, or vice versa

Forms of specialization
● by property type; geographical area; type of transaction; type of client; by form of business organization; or by form of client relationship

Skills and knowledge
● market conditions; law; financing; marketing; ethics; selling; communications; computer basics; and other skills

PROFESSIONAL ORGANIZATIONS
● promote interests of practitioners and enhance their professional standing

REGULATION AND LICENSING

Regulation of business practices
● all facets of the industry are regulated by federal, state, and local laws; agents must understand relevant laws and adapt business practices accordingly

Real estate license laws
● the primary body of laws and regulations governing the licensure and conduct of real estate brokers and agents
● license laws are administered and enforced under the jurisdiction of the state real estate commission

IN SOME STATES THIS VIDEO CAN ONLY BE USED AS STUDY GUIDE AND DOES NOT COUNT TOWARDS CLASS TIME

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