Chapter 1 _________________________ Introduction to Real Estate

1
Chapter 1_________________________Introduction
to Real Estate
2
Real Estate is a Unique Subject

• Complex legal theories
• Unusual fact situations
• Fun and interesting business

3
Overview of a Real Estate Transaction
4
Career Opportunities

• Residential
• Commercial
• Industrial
• Farm Ranch
• Property Management
• Rental Services
• Investor

5
Career Opportunities (continued)

• Appraising
• Government Services
• Land Development
• Urban Planning
• Financing
• Consulting
• Education
• Investing

6
License Requirements

• Any person who, for compensation or the promise
  of compensation
• lists or offers to list
• sells or offers to sell
• buys or offers to buy
• negotiates or offers to negotiate

7
License Requirements (continued)

• either directly or indirectly for the purpose of
  bringing about a sale, purchase, or option to
  purchase, exchange, auction, lease, or rental of
  real estate, or any interest in real estateis
  required to hold a valid real estate license.

8
Review State Laws required to obtain a real
estate license.