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Unit#1

Introduction to the Real Estate Business

QuestionAnswer
Broker One who acts as an intermediary on behalf of others for a fee or commission.
Licensee A person who has the skills and knowledge to be licensed in real estate.
Market A place where goods can be bought and sold and a price established
Salesperson A person who performs real estate activities while employed by or associated with a licensed real estate broker
Supply and Demand The appraisal principle that follows the interrelationship of the supply of and demand for real estate
Created by: jozie723
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