Real estate terms (overview)

Question 1

The product that real estate licensees market is ____ ____

Answer 1

expert information

Question 2

Licensees have knowledge in three areas:

Answer 2

• property transfer
• market conditions
• how to market real estate & businesses

Question 3

What is a real estate brokerage?

Answer 3

the business of bringing together buyers and sellers, or owners and renters, and completing real estate transactions

Question 4

What is a real estate license?

Answer 4

related activities performed under the authority of the broker

Question 5

What is a broker?

Answer 5

acts as an agent between two or more people in the negotiation of the sale purchase, or rental of real estate

Question 6

What are the five sales specialties in real estate?

Answer 6

• residential
• commercial
• industrial
• agricultural
• businesses (business brokers)

Question 7

What is target marketing?

Answer 7

expertise in locating prospects for property listings and sales

Question 8

What is the database in target marketing used for?

Answer 8

database of leads to send targeted advertising

Question 9

What is a farm area?

Answer 9

a geographical area that you specialize in

Question 10

What is the key to real estate sales?

Answer 10

follow up