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CH 1

Intro to Real Estate Business

TermDefinition
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 Amount of goods available in the market to be sold at a given price vs the amount of goods people are willing and able to buy at a given price. Principle of the interrelationship of these terms.
Created by: ncoffill
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