Property management and real estate asset management are both real estate management professions. The primary distinction between the two is that
property managers handle day-to-day operations while asset managers manage portfolios of properties.
People in the real estate business who primarily focus on creating new properties are
developers
The term "commercial property" generally refers to
retail, office and industrial properties.
Which of the following professionals involved in the real estate business are most concerned about
procuring buyers and sellers for clients?
Brokers and agents
Which of the following ways of specializing is common in the real estate brokerage business?
By geography
What is an advisory service provider?
A broker who renders real estate services for a fee
The level of government which is most active in
regulating real estate licensees is the
state government.
Property Management
Management of another's property for compensation
Brokerage
Bringing together parties interested in a real estate transaction
Realtor �
Member of National Association of REALTORS, adhere to Code of Ethics
Categories of Real Property
Residential, Commercial, Industrial, Agricultural, Special Projects
Real Property
Interests, benefits, and rights associated with real estate ownership
Demand
Amount of goods people are willing and able to buy
Salesperson
Performs real estate activities under supervision of licensed real estate broker
Development
Construction of improvements on land, i.e., new homes, water lines
Subdivision
Splitting a single property into smaller parcels
Market
Place where goods are bought and sold, price is established
National Association of Real Estate Brokers (NAREB)
Dedicated to equal housing opportunity, members are REALTIST