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Chapter 1
Introduction to Real Estate Sales and Marketing
10
Real Estate & Planning
Undergraduate 4
09/04/2012

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Cards

Term
Agents
Definition
someone who represents another person in a commercial transaction
Term
Goal of Real Estate Agents
Definition
satisfy the needs of people the agent represents in a successful real property transaction
Term
Personal Property
Definition
all property other than real property and includes items such as money, furniture, cars, and livestock
Term
Primary Residences
Definition
the primary home of a property owner
Term
Real Estate Agent
Definition
someone representing another person in a real estate transaction
Term
Real Estate License
Definition
a permit granted by the state that allows a person to receive compensation for facilitating real estate transactions.
Term
Real Property
Definition
ownership interests in land and anything permanently affixed to the land (such as house, utility lines, barns, wells, storage buildings, etc)
Term
Real Property Transaction
Definition
the legal sale of real property
Term
Residential Real Property Transaciton
Definition
sale of residential property, Includes both primary residence and secondary residences
Term
Secondary Residence
Definition
any residence other than the promary residence of the property owner. i.e. vacation homes, weekend homes and residences for family members living away from home for work or school
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