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Chapter 1 Introduction to the Real Estate Business

Chapter 1 Introduction to the Real Estate Business. The real estate business is more than just houses. As this chapter says, “Real estate is big business,” and includes commercial properties, condominiums, and open land in addition to single-family homes.

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Chapter 1 Introduction to the Real Estate Business

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  1. Chapter 1Introduction to the Real Estate Business The real estate business is more than just houses. As this chapter says, “Real estate is big business,” and includes commercial properties, condominiums, and open land in addition to single-family homes.

  2. 1 Introduction to the Real Estate Business • Learning objectives • Identify the various careers available in real estate and the professional organizations that support them • Describe the six categories of real property • Explain the operation of supply and demand in the real estate market • Distinguish the economic, political, and social factors that influence supply and demand

  3. 1 Introduction to the Real Estate Business • A business of many specializations • Brokerage • Appraisal • Property management • Community association management—Georgia specifics • Financing • Subdivision and development • Home inspection • Counseling • Education

  4. 1 Introduction to the Real Estate Business • Types of real property • Residential • Commercial • Industrial • Agricultural • Special purpose

  5. 1 Introduction to the Real Estate Business • The real estate market • Supply and demand • Factors affecting supply • Factors affecting demand

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