The real estate business is more than just houses. As this chapter says, “Real estate is big business,” and includes commercial properties, condominiums,

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Presentation transcript:

The real estate business is more than just houses. As this chapter says, “Real estate is big business,” and includes commercial properties, condominiums, and open land in addition to single-family homes. It can and has SUNK an ECONOMY. Chapter 1 Introduction to the Real Estate Business “Mediocrity knows nothing higher than itself; but talent instantly recognizes genius.”

SUPPLY AND DEMAND S D S D

SUPPLY AND DEMAND S D

Modern Real Estate Practice 17th Edition A Business of Many Specializations êBrokerage êAppraisal êProperty management êFinancing êSubdivision and development êHome inspection êCounseling êEducation êOther related businesses

Modern Real Estate Practice 17th Edition Types of Real Property êResidential êCommercial êIndustrial êAgricultural êSpecial Purpose

Modern Real Estate Practice 17th Edition The Real Estate Market êSupply and Demand êWhat Factors Affect Supply êWhat Factors Affect Demand

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