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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 on theme: "The real estate business is more than just houses. As this chapter says, “Real estate is big business,” and includes commercial properties, condominiums,"— Presentation transcript:

1 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.”

2 SUPPLY AND DEMAND S D S D

3 SUPPLY AND DEMAND S D

4 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

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

6 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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