1. © 2008 by South-Western, Cengage Learning Chapter 1 Chapter 1 Charles J. Jacobus Thomas E. Gillett

2. Georgia Real Estate An Introduction to the Profession Seventh Edition Chapter 1 Introduction to Real Estate © 2008 by South-Western, Cengage Learning

3. Real Estate is a Unique Subject Complex legal theories Unusual fact situations Fun and interesting business

4. © 2008 by South-Western, Cengage Learning How to Use This Text Key Terms Boldface type Chapter Questions & Problems Appendix D Index & Glossary Documents

5. © 2008 by South-Western, Cengage Learning Career Opportunities Career Opportunities Residential Commercial Industrial Farm Property Management Rental Services Appraising

6. © 2008 by South-Western, Cengage Learning Career Opportunities (continued) Government Services Land Development Urban Planning Financing Securities Consulting Education Investing

7. © 2008 by South-Western, Cengage Learning 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

8. © 2008 by South-Western, Cengage Learning License Requirements (continued) 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. STATE OF GEORGIA REAL ESTATE COMMISSION SALESPERSON’S LICENSE

9. Review State Laws required to obtain a real estate license. © 2008 by South-Western, Cengage Learning