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Unit#1
Introduction to the Real Estate Business
| Question | Answer |
|---|---|
| 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 |
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jozie723