REP_OH.01

REP_OH.01 - CM 426 INTRODUCTION TO THE REAL ESTATE BUSINESS...

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CM 426 INTRODUCTION TO THE REAL ESTATE BUSINESS CHAPTER 1 I. BUSINESS OF REAL ESTATE IN THE UNITED STATES A. APPROXIMATELY 1.8 TO 2.0 MILLION RESIDENTIAL STARTS II. BROKER VS. SALESPERSON A. BROKER WORKS TO BRING TWO PARTIES TOGETHER B. BROKER TAKES RESPONSIBILITY, LIABILITY C. SALESPERSON MUST WORK FOR A BROKER C AS AN AGENT D. BROKER = S NAME IS ACTUALLY ON THE SALE DOCUMENTS III. PROFESSIONS IN THE INDUSTRY B CAREER OPTIONS A. APPRAISAL 1. STATE LICENSING OR CERTIFICATION REQUIREMENTS 2. SAVINGS AND LOAN DEBACLE 3. COMPARABLES C MARKET APPROACH 4. INCOME APPROACH B. PROPERTY MANAGEMENT 1. SOLICIT TENANTS 2. LEASE OR RENT 3. IMPROVE AND MAINTAIN 4. PROTECT INTERESTS OF OWNER C. FINANCING 1. = s 2. PENSIONS 3. INSURANCE COMPANIES 4. MORTGAGE BANKERS C BROKERS 5. SECONDARY MARKETS D. SUBDIVISION AND DEVELOPMENT 1. SUBCONTRACT THE WORK 2. CAN DO MAPS, ETC. E. HOME INSPECTION 1. REAL ESTATE CONTRACTS ARE OFTEN CONTINGENT ON HOME INSPECTION
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F. COUNSELING 1. ADVISE BUYERS AND SELLERS
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REP_OH.01 - CM 426 INTRODUCTION TO THE REAL ESTATE BUSINESS...

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