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19 Cards in this Set
- Front
- Back
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The business of bringing people together in a real estate transaction |
Brokerage |
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Acts as a point of contact between two or more people in negotiating the sale purchase or rental of property |
Real estate lincensee |
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Is the process of rendering an opinion of a properties, market value based on established methods and the appraisers professional judgment |
Appraisal |
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What is a person or company hired to maintain and manage property on behalf of its owner? |
Property management |
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Is the business of providing the funds that make real estate transactions possible |
Financing |
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is the splitting of a single property into smaller parcels
involves the construction of improvements on the land |
Subdivision and development |
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Is a profession that allows practitioners to combine their interest in real estate with your professional skills and training in the construction trades were in engineering |
Home inspection |
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involves providing clients with confident, independent advice, based on sound professional judgment |
Counseling |
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is available to both practitioners and consumers colleges and universities, private schools and trade organizations all offer real estate courses and seminars from the principles of a pre-licensing program to the technical aspects of tax and real property exchange law |
Education |
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buying or selling real estate and auction uses an open and competitive bidding process to transfer property |
Auctioning |
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Many other real estate career options are available. Practitioners will find a real estate specialists are needed in a variety of business settings. Lawyers who specialize in real estate are always in demand large corporations with extensive landholdings, often have their own real estate and property, tax department local governments my staff both zoning board and assessment offices. |
Other areas |
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Residential commercial industrial agricultural special purpose |
5 Categories of real property |
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is a place where goods can be bought and sold |
The real estate market |
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when supply increases and demand remain stable prices go down when demand increases and supply remain stable prices go up |
Supply and demand |
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Two characteristics of real estate govern the way the market reacts to the pressures of supply and demand |
uniqueness any Imobility |
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Factors that affect the supply side of real estate |
Labor Force construction cost government controls and financial policies |
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Factors that affect the demands of real estate |
Population Demographics, employment and wage levels |
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Establishes a discount rate of interest for the money it lends to its member banks |
Federal Reserve Board |
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Local governments also can influence supply by? |
Land use controls Building codes And zoning ordinances |
