Champions School Ch. 1 - Intro to Real Estate Latest Version Graded A+

Champions School Ch. 1 - Intro to Real Estate Latest Version Graded A+ brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. RMLOs Are also know as mortgage brokers NAR The largest trade organization representing real estate professionals Value A fair return or equivalent in goods, services, or money for something exchanged appraisal the business of providing a professional opinion of the value of real property mortgage lending business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt Property Management the management of residential and commercial properties on behalf of the investor-owner of the property. Apartment Locators work for firms that specialize in locating units for tenants in multi- family complexes Apartment Locators. License or no license? license Home Inspectors licensed in Texas by the Texas Real Estate Commission (TREC). The inspector- candidate must complete a series of courses and pass the state exam Real Estate Development most often involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses. Oil & Gas Companies employ a large number of individuals with a real estate background Institute of Real Estate Management (IREM) An international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. CCIM Institute Established in 1954 to give commercial real estate practitioners an opportunity to further their business practices through education and networking opportunities. Society of Industrial and Office Realtors (SIOR) a