Description:

This course covers Chapter 1: Introduction to the Real Estate Business, providing a comprehensive overview of the real estate industry, its key players, and the various career opportunities available. Topics include real estate brokerage, sales specialties, property management, appraisal services, mortgage processes, and the fundamentals of real estate development and construction.

Key Highlights:

• Real estate brokerage and its various activities
• Five major sales specialties
• Property management and CAM licensing requirements
• Appraisal services, including CMA, BPO, and formal appraisals
• The mortgage process and the role of mortgage loan originators
• Development and construction phases
• Differences between licensees and REALTORS®
• The purpose of the Multiple Listing Service (MLS)

What You Will Learn:

Understand Real Estate Brokerage
Explore the core functions of a real estate brokerage, including sales, leasing, property management, and client representation.

Specializations in Real Estate Sales
Identify the five major sales specialties and understand the expertise required for each.

Role of Property Managers and Licensing Requirements
Learn the responsibilities of property managers and when a Community Association Manager (CAM) license is required.

Appraisal Services and Market Analysis
Differentiate among a Comparative Market Analysis (CMA), a Broker’s Price Opinion (BPO), and a formal appraisal, and understand the regulations governing appraisal services.

The Mortgage Process
Gain insights into the role of Mortgage Loan Originators (MLOs) and the steps involved in securing real estate financing.

Development and Construction
Understand the three phases of real estate development and the categories of residential construction.

Licensees vs. REALTORS®
Learn how a licensed real estate professional differs from a REALTOR® and the purpose of the Multiple Listing Service (MLS).

This course serves as the foundation for understanding the real estate business, equipping you with the knowledge and skills needed to excel in the industry. 🚀