Real Estate Business

Question 1

Property Type specializations

Answer 1

Residential, residential income, office retail, industrial, farm and ranch special purpose, land

Question 2

Divine real estate brokerage

Answer 2

Procure a buyer or tenant for an owner or landlord, or vice versa

Question 3

Forms of specializations for brokerage

Answer 3

By property type, geographical area, type of transaction, type of client, by form of business organization, or by form of client relationship

Question 4

Skills and knowledge for brokerage

Answer 4

Market conditions, laws, financing, marketing, ethics, selling, communications, computer basics, and other skills

Question 5

What do Professional organizations do?

Answer 5

Promote interests of practitioners and enhance their professional standing.

Question 6

Regulations of business practices

Answer 6

All facets are regulated by federal, state, and local agents.

Question 7

Real estate license laws ( 2 parts)

What is it? Who regulates it?

Answer 7

1. Primary body of laws and regulations governing the licensure and conduct of real estate brokers and agents
2. License laws are administered and enforced under jurisdiction of the state real estate commission

Question 8

What are Real Estate Activities

Answer 8

Create, improve, manage, maintain, demolish, own,regulate, and transfer real properties