South-Western Publishing©2002 By Charles J. Jacobus Real Estate Principles Ninth Edition Real Estate: An Introduction to the Profession Ninth Edition South-Western Publishing©2002

How to Use This Text Key Terms Topic Introduction Boldface type Vocabulary Review Chapter Questions & Problems

South-Western Publishing©2002 Chapter 1 _________________________ Introduction to Real Estate

South-Western Publishing©2002 Real Estate is a Unique Subject Complex legal theories Unusual fact situations Fun and interesting business

South-Western Publishing©2002 Overview of a Real Estate Transaction

South-Western Publishing©2002 Career Opportunities Residential Commercial Industrial Farm & Ranch Property Management Rental Services Investor

South-Western Publishing©2002 more Career Opportunities Appraising Government Services Land Development Urban Planning Financing Consulting Education

South-Western Publishing©2002 License Requirements Any person who, for compensation or the promise of compensation lists or offers to list sells or offers to sell buys or offers to buy negotiates or offers to negotiate

South-Western Publishing©2002 License Requirements either directly or indirectly for the purpose of bringing about a sale, purchase, or option to purchase, exchange, auction, lease, or rental of real estate, or any interest in real estate is required to hold a valid real estate license.

South-Western Publishing©2002 Review State Laws required to obtain a real estate license.