Principles of Real Estate Practice PowerPoint Presentation PDF

Performance Programs Company “The New Standard for Prelicense Preparation” presents its PowerPoint Presentation to Principles of Real Estate Practice. 6th Edition by Mett...

Performance Programs Company “The New Standard for Prelicense Preparation” presents its PowerPoint Presentation to Principles of Real Estate Practice. 6th Edition by Mettling and Cusic © Performance Programs Company Principles of Real Estate Practice  PowerPoint Presentation to Principles of Real Estate Practice Table of Contents #1: The Real Estate Business #9: Legal Descriptions #2: Rights in Real Estate #10: R. E. Contract Law #3: Interests and Estates #11: Agency #4: Ownership #12: Listing Agreements #5: Encumbrances and Liens #13: The Brokerage Business #6: Transferring, Recording Title #14: Sales Contracts #15: R.E. Market #7: Real Estate Leases Economics #8: Land Use Planning, #16: Appraising Market Control Value © Performance Programs Company Principles of Real Estate Practice  PowerPoint Presentation to Principles of Real Estate Practice Table of Contents (cont.) #17: Real Estate Finance #18: Real Estate Investment #19: Real Estate Taxation #20: Professional Practices #21: Closings #22: R.E. Licensing, Regulation #23: Risk Management #24: Property Management © Performance Programs Company Principles of Real Estate Practice  Unit 1: THE REAL ESTATE BUSINESS Real Estate Professions Real Estate Brokerage Professional Organizations Regulation & Licensing © Performance Programs Company Principles of Real Estate Practice # 1 The Real Estate Business Slide 1-1 # 1: The Real Estate Real Estate Professions Business Real estate activities Real Estate Professions Real Estate  Create Brokerage Professional  Improve Organizations  Manage Regulation & Licensing  Maintain  Demolish  Own  Regulate  Transfer © Performance Programs Company Principles of Real Estate Practice # 1 The Real # 1: The Real Estate Real Estate Professions Business Property type specializations Real Estate Professions Real Estate  Residential Brokerage  Residential income Professional Organizations  Office Regulation & Licensing  Retail  Industrial  Farm and ranch  Special purpose  Land © Performance Programs Company Principles of Real Estate Practice # 1 The Real # 1: The Real Real Estate Brokerage Estate Business  Procure a seller or landlord for a buyer or tenant, or a buyer or tenant for an owner Real Estate Professions or landlord Real Estate Brokerage Forms of specialization Professional Organizations  By property type – residential, office, etc. Regulation &  geographical area – southern suburbs, Licensing etc.  transaction type – lease,  client type – multi-market users, small tenants, etc.  business type – restaurants, relocations, etc.  form of client relationship – brokerage, management, etc. © Performance Programs Company Principles of Real Estate Practice # 1 The Real # 1: The Real Estate Real Estate Brokerage Business Skills and knowledge Real Estate Professions Real Estate  Market conditions Brokerage Professional  Law Organizations  Financing Regulation & Licensing  Marketing  Ethics  Selling  Communications  Computer / mobile device usage  Social media  Other skills © Performance Programs Company Principles of Real Estate Practice # 1 The Real # 1: The Real Professional Organizations Estate Business Purpose: to promote interests of practitioners and enhance professional standing Real Estate Professions Principal organizations: Real Estate  National Association of Realtors Brokerage  NAR-affiliated Institutes and Councils  National Association of Home Builders Professional  American Society of Appraisers Organizations  International Association of Assessing Regulation & Officers Licensing  Association of Real Estate License Law Officials  Building Owners and Managers Association  International Council of Shopping Centers  Mortgage Bankers Association of America © Performance Programs Company Principles of Real Estate Practice # 1 The Real # 1: The Real Regulation & Licensing Estate Business Regulation of business practices Real Estate  All facets are regulated by federal, Professions state, local laws Real Estate Brokerage  Practitioners must understand laws and adapt practices accordingly Professional Organizations Regulation & Licensing Types of laws to understand  License laws  Agency and disclosure laws  Contracts  Environmental  Fair housing  Codes of ethics © Performance Programs Company Principles of Real Estate Practice # 1 The Real # 1: The Real Estate Regulation & Licensing Business Real estate license laws Real Estate Professions Real Estate  Primary body of laws and Brokerage regulations governing licensure Professional Organizations and conduct of brokers and Regulation & agents Licensing  License laws administered and enforced under the jurisdiction of the state real estate commission or related governmental entity © Performance Programs Company Principles of Real Estate Practice # 1 The Real