Chapter 1: Introduction to Real Estate Summary
Real estate is affected by:
If the economy picks up, sales increase. If it slows, sales decrease.
A Multiple Listing Service (MLS) is an organization of member brokers who share listing information with one another.
Real Estate Property: Residential, Industrial, Commercial, Agricultural, Special purpose, Recreational and Investment property.
Specialization areas: Type of property, Clients, Geography, Business Type, Transactions, Auction Sales and Mortgage loans.
Keep in mind upon choosing a broker:
Broker-Salesperson Relationships
A salesperson is licensed to perform transactions on behalf of the licensed broker and may receive compensation for performed activities ONLY from the employing broker. The broker is responsible for the licensee's professional actions.
An employee works under the supervision and control of the broker. An independent contractor is hired to perform certain acts, but the broker cannot control how the salesperson performs those acts.
Many brokers require that licensees carry errors and omissions/automobile liability insurances.
Licensee’s written employment agreement must be dated and signed and should clearly:
Planning and Setting Goals:
Devote time to daily activities such as returning phone calls, developing new leads, reviewing new listings, calling potential clients ("National Do Not Call Registry" guidelines), preparing for listing presentations, etc.
Activities which will lead to success as a salesperson:
National Association of REALTORS® (NAR) is the largest and most prestigious real estate organization in the world. NAR requires its members to take a mandatory ethics course every four years.
National Association of Real Estate Brokers (NAREB) is the oldest and largest minority trade association in the United States. Members have the designation of "realtist." A "realtist" must belong to both the local board and the national organization.
National Association of Hispanic Real Estate Professionals (NAHREP) is primarily made up of Hispanic members who meet and work toward real estate goals that are beneficial to the Hispanic population.
Asian Real Estate Association of America (AREAA) is committed to improving success and business opportunities for real estate licensees who serve the Asian American community.
California Association of REALTORS® (CAR) (state division of NAR) allows members to conduct their individual businesses successfully and promotes the preservation of real property rights. CAR offers many seminars and educational opportunities to its members.
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2075 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1321 |
171 | Real Estate Law 33 | 2019.05.08 | 96 |
170 | Real Estate Law 34 | 2019.05.08 | 96 |
169 | Real Estate Law 35 | 2019.05.08 | 109 |
168 | Real Estate Law 36 | 2019.05.08 | 96 |
167 | Real Estate Law 37 | 2019.05.08 | 95 |
166 | Quiz 6 | 2019.05.08 | 7649 |
165 | Real Estate Law 38 | 2019.05.08 | 109 |
164 | Real Estate Law 39 | 2019.05.08 | 151 |
163 | Real Estate Law 40 | 2019.05.09 | 104 |
162 | Real Estate Law 41 | 2019.05.09 | 102 |
161 | Real Estate Law 42 | 2019.05.09 | 90 |
160 | Real Estate Law 43 | 2019.05.09 | 97 |
159 | Real Estate Law 44 | 2019.05.09 | 86 |
158 | Real Estate Law 45 | 2019.05.09 | 93 |
157 | Quiz 7 | 2019.05.09 | 9896 |
156 | Real Estate Law 46 | 2019.05.10 | 91 |
155 | Real Estate Law 47 | 2019.05.10 | 90 |
154 | Real Estate Law 48 | 2019.05.10 | 102 |
153 | Real Estate Law 49 | 2019.05.10 | 86 |
152 | Real Estate Law 50 | 2019.05.10 | 95 |
151 | Real Estate Law 51 | 2019.05.10 | 92 |
150 | Real Estate Law 52 | 2019.05.10 | 95 |
149 | Real Estate Law 53 | 2019.05.10 | 778 |
148 | Quiz 8 | 2019.05.10 | 11440 |
147 | Real Estate Law 54 | 2019.05.11 | 105 |
146 | Real Estate Law 55 | 2019.05.11 | 86 |
145 | Real Estate Law 56 | 2019.05.11 | 138 |
144 | Real Estate Law 57 | 2019.05.11 | 272 |
143 | Real Estate Law 58 | 2019.05.11 | 99 |
142 | Real Estate Law 59 | 2019.05.11 | 93 |