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| head honcho; responsible for everything! |
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| a member of the National Association of Realtors |
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Looks at house and gives an estimate on how much the house is worth
- 3 houses in neighborhood are compared |
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| A person in charge of bringing clients to home, manage/ maintain property, and collect rent |
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| Buying raw land and getting all contracts/ approval |
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| Builds homes and hires contractors |
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1. Residential: apartments, condos, mobile homes
( where people live )
2. Commercial: where you shop/ pay for services
3. Industrial: manufacturing, warehouse, factories
4. Agricultural: farms
5. Special - Purpose: prision, park, church, school |
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Supply goes up, Demand goes down ^v
Supply goes down, Demand goes up v^
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| place where goods can be bought and sold |
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| Factors Affecting Real Estate Supply |
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Definition
- Labor force
- Construction Costs
- Government Controls
- Government financial policies ( supply government controls interest rates % )
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| Factors Affecting Real Estate Supply |
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Definition
- Population
- Demographics (age)
- Employment
- Wage Levels
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| interests, benefitsm, and rights that are automatically included in the ownership of land or real estate |
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- Right of Possession ( right to own/keep it )
- Right to Control the property withing the framework of the law ( rent, live, sell )
- Right of Enjoyment ( play music, party ; within reason of the law )
- Right of Exclusion ( to keep others from entering or using property )
- Right of Disposition ( to sell, will, transfer, dispose of, and encumber ; everything except burn it down )
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right to ownership of land ( bundle of rights ) and evidence of ownership ( written document, deed )
- title passes on in Real Estate to who owns the house |
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| Own everything to the moon |
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| Own water ( beach front, lake, river, etc. ) |
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