We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byLetitia Daniels
Modified over 5 years ago
© OnCourse Learning Chapter 19 : Licensing Laws and Professional Affiliation
Does the public have a vested interest in seeing that real estate agents have the qualifications of honesty, truthfulness, good reputation, and real estate knowledge? It was this concern that brought about real estate licensing laws as we know them today. Until 1917, no state required real estate agents to be licensed. RATIONALE FOR LICENSING © OnCourse Learning
A person who, for compensation or promise of compensation, lists or offers to list, sells or offers to sell, buy or offers to buy, negotiates or offers to negotiate a sale, purchase or option to purchase, exchange, auction, lease, or rental of real estate, or any interest in real estate Must hold a valid real estate license. LICENSEE © OnCourse Learning
Real Estate Broker A person licensed to act independently in conducting real estate brokerage business. Real Estate Salesperson A person employed by a broker. LICENSE TYPES © OnCourse Learning
REAL ESTATE REGULATION © OnCourse Learning
http://www.arello.org http://www.arello.org See Figure 19.1 page 347 STATE LICENSE REQUIREMENTS © OnCourse Learning
Training – complement, enhance, and encourage your personal development. Compensation – usually a percentage of earned commissions. Support – what services do they offer. Franchise offices BROKER AFFILIATION © OnCourse Learning
Paid only if a sale produces a commission and is responsible for income taxes and social security. INDEPENDENT CONTRACTOR © OnCourse Learning
Registered trade name Member of NAR and not synonymous with real estate agent Code of ethics first adopted in 1913 GRI designation by taking sponsored education courses by NAR REALTOR ® © OnCourse Learning
http://www.realtor.org http://www.realtor.org See Figure 19.2 on page 360 NAR CODE OF ETHICS © OnCourse Learning
The National Association of Real Estate Brokers (NAREB) Promote high standards of service and conduct & to protect the public against unethical, improper, or fraudulent real estate practices. © OnCourse Learning REALTIST
100% commission Broker Independent contractor License revocation License suspension Licensee Principal broker Real estate commission REALTOR ® Recovery fund Sales associate Salesperson Key Terms © OnCourse Learning
Chapter 8 – Real Estate Brokerage
Alabama Real Estate License Law & The REALTORS Code of Ethics
Chapter 12 Real Estate Brokerage and Listing Contracts
Real Estate Brokerage Chapter 10. Real Estate Brokerage The Real Estate Sales Process –Listing agreements (broker/owner relations) –Marketing the property.
Chapter 8 Real Estate Brokerage The Real Estate Sales Process –Listing agreements (broker/owner relations) –Marketing the property and qualifying buyers.
©OnCourse Learning. All Rights Reserved.. Licensing Laws and Professional Affiliation ©OnCourse Learning. All Rights Reserved. Chapter 9.
©OnCourse Learning. All Rights Reserved.. Specialization ©OnCourse Learning. All Rights Reserved. Chapter 25.
Texas Real Estate Contracts 4 th Edition © 2015 OnCourse Learning.
Real Estate Principles and Practices Chapter 8 Listing the Property © 2014 OnCourse Learning.
Chapters 13 & 14: Brokerage Real Estate Principles: A Value Approach Ling and Archer.
Chapter 8 Real Estate Brokerage
Chapter 4: In This Chapter The Real Estate Licensee Compensation Referrals How to Find a Referral Partner Agency How Relationships Are Formed.
Chapter 3 Michigan License Laws and Rules 2010©Cengage Learning. All Rights Reserved.
“In order for tomorrow to change, you must do something today” Chapter 5 Real Estate Brokerage.
© OnCourse Learning Chapter 8 : Real Estate Sales Contracts.
© OnCourse Learning Chapter 20 : The Principal-Broker Relationship: Employment.
© 2015 OnCourse Learning Chapter 1 Introduction to Real Estate Principles.
Real Estate Brokerage. The Real Estate Sales Process Listing agreement Marketing the property and qualifying buyers Presentation and negotiations.
Real Estate Brokerage and Listing Contracts
Chapter 23 Georgia Real Estate License Law The Georgia Real Estate Commission regulates real estate brokers and salespersons in the state of Georgia. Licensees.
© 2020 SlidePlayer.com Inc. All rights reserved.