The five major sales specialties in real estate:

Major: important, serious, significant
Specialties: skill in which someone has devoted much time and effort and in which they are an expert
Sales: the exchange of a commodity for money
Real Estate/Real Property

Residential
Commercial
Industrial
Agricultural
Businesses

Defined:

Residential: designed for people to live in such as suburbs and neighborhoods: house, townhouse, apartment, duplex, condominium, penthouse, mansion
Commercial: an area rented or sold as business premises--concerned with or engaged in commerce. Intended to make a profit. Commerce: activity of buying and selling, esp. on a large scale, trading merchandise. Then you have e-commerce: commercial transactions conducted electronically over the Internet.
Industrial: characterized by industry, suitable for use in an industry, ie. manufacturing, factory, and commercial. Industrialize: develop industries in on a large scale. U.S. industries: agriculture, service, manufacturing/production, research and development. An auction house is a service industry to buy and sell new and used goods quickly and fairly.
Agricultural: relating to land, ie. farm, farming, rural, pastoral, countryside.
Businesses: a person's regular occupation, profession, or trade. Business may mean a row of units built for small business to move in like a nail salon next to a boutique next to a barber shop next to a coffee shop, usually in an urban area, ie. work, line of work, occupation, profession, career, employment, job, position, vocation.

Urban: town, city, municipal, civic, metropolitan, built up, downtown, suburban

Commercial: income producing

Residential: live in, less than 4 units, agricultural less than 10 acres for developing

Industrial: industrial park, industrial parcel, industrial acreage. Technical knowledge of needs of industries including: access to airports, railroads, and transportation, construction features (steel vs. block), and land use restrictions. "With the increase in technological industries, more and more industrial brokers are finding it rewarding to develop and sell beautifully landscaped and well-conceived industrial subdivisions."

Agricultural: more than 10 acres, farm land. Be familiar with operation of farms and economics of farming. Be able to communicate with farmers. Know farm operations and federal programs affecting farm operations.

Businesses: sale, purchase, or lease of business. A business broker is a real estate agent participating in the buying, selling, or leasing of a business. Frankly, I see nail shops popping up everywhere in small business, but what does google say? The major businesses in Florida are: from the public: world fuel services, tech data, jabil circuit, autonation, carnival, next era energy, hertz, office depot, darden restaurants, fidelity, adt, chico's, steinmart, seaworld, elizabeth ardon, spirit airlines, landstar, tupperware and TECO--private: publix, southern wine and spirits, grocers, nascar, automotives, rooms to go, bealls, boars head, large subdivisions. What is real property example? Don't know. An active and current real estate license is NECESSARY in selling business real estate property in Florida, cool. So no business for sale by owner or washed out real estate agent!

Many agents, prefer to farm an area and know everything about it and be an ambassador to and confident to any agent who calls and questions the area in question. A licensee can get to know every lot, land and business inside the farm area. Farm things to know about a property:

Year built, sales history, marketing time, appraisal value, annual property taxes.
- A realtor can meet people in an area. Areas get listed and sold. Hard work gains a reputation. An area can go up for sale because the owner moves or sells. A realtor that farms an area is known as an expert of that area.

So what is a property manager? A property manager is a professional who is hired to maintain and manage a property on behalf of owner.

You can have a management agreement:

lease |lēs|
noun
a contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment.

Ok so there is a difference between a property manager and a rental agent. A property manager is much more involved with daily activities and occurrences whereas a rental agent simply collects the payment after signing the lease. Rental agents just find a tenant and make sure payment is collected. A property manager is the actual representative of the property. A property manager not only manages expenses but maintains the property. A property manager is responsible for protecting an owner's investment.

Then, you can have an absentee owner who does live on the property or manage the property. An absentee owner is defined as one who relies on a property manager to maintain the real estate. Absentee ownership is on the rise and so then is property management. "
As agents of absentee owners, property managers are typically responsible for rent collection, improving tenant relations, and advertising and merchandising the space. Investors normally hire qualified property managers because the investors have neither the time nor the desire to become involved in the complexities of property management."

Merchandising: promoting the sale of goods, especially in a retail outlet, ie. merchant, goods, lines, products, market, sell, retail.

"Property managers are compensated in a number of ways. Some work for a guaranteed base amount (salary) plus a small percentage of effective gross income (total income collected after taking into account vacancies), maybe if it turns into a B&B or resort type deal. The method of compensation is detailed in the management agreement." Much of real estate has to do with the signing of contracts and guaranteeing your word! What an integrity based business! integrity
noun
1 I never doubted his integrity: honesty, probity, rectitude, honor, good character, principle(s), ethics, morals, righteousness, morality, virtue, decency, fairness, scrupulousness, sincerity, truthfulness, trustworthiness. ANTONYMS dishonesty.
2 the integrity of the federation: unity, unification, coherence, cohesion, togetherness, solidarity. ANTONYMS division.
3 the structural integrity of the aircraft: soundness, strength, sturdiness, solidity, durability, stability, stoutness, toughness. ANTONYMS fragility.

Manager: a person responsible for controlling or administering all or part of a company or similar organization

Maintain: cause or enable (a condition or state of affairs) to continue, provide with necessities for life or existence, ORIGIN Middle English (also in the sense [practice (a good or bad action) habitually] ): from Old French maintenir, from Latin manu tenere ‘hold in the hand.’

technology |tekˈnäləjē|
noun ( pl. -gies)
the application of scientific knowledge for practical purposes, esp. in industry : advances in computer technology | recycling technologies.
• machinery and equipment developed from such scientific knowledge.
• the branch of knowledge dealing with engineering or applied sciences.

Next on the block, CMA's, BPO's, and appraisals.

We learned yesterday what a CMA is: comparative market analysis, and what a BPO is: broker price opinion, and what an appraisal is an estimated value of something based on professional judgement and experience. So what does the text have to say?

So, an appraisal can be done by a real estate agent or broker, but cannot be qualified as a certified or licensed appraiser unless license and certification exists. Let's look up a certification or license for a real estate agent to appraise a property. Florida here is what I found: http://www.myfloridalicense.com/DBPR/re/FREABLicensureInformation.html

This is what I would like to do, since I hold a Bachelor's Degree:

Certified General Appraiser

Successfully complete 300 classroom hours of board-approved courses, covering the topics required by the FREAB, in subjects related to real estate appraisal and an official certified transcript providing proof of a Bachelor’s Degree. This must include 15 hours of the Uniform Standards of Professional Appraisal Practice. Past courses may be approved by the board and substituted on an-hour-for-hour basis.
Submit a completed application, fingerprint card, and appropriate fee.
On an RE 2300 Form, provide evidence of 3,000 hours of real property appraisal experience obtained over a 30-month period in real property appraisal by furnishing under oath a detailed statement of the experience for each year of experience claimed. The experience claimed must have been acquired in no less than 30 months. At least 50% (1,500 hours) of the claimed experience must be in nonresidential appraisal work. Upon request, the applicant must provide the appraisal board, for its examination, copies of appraisal reports to support the claim for experience.
Pass the General National Exam and the Florida Supplemental Exam.
All appraisers are now required to register the firm or business name where they conduct appraisal services. To do so, you must submit a completed Change of Status FREAB 14 form to the Department.

My transcript would be from USF. An appraiser can be skilled and experienced but may not be certified. There is a difference! Conducting an appraisal requires: calculations, judgments, and charts.
All appraisers must follow the USPAP: uniform standards for professional appraisal practice: a set of standards to follow when appraising a property by providing appraising services.

Welcome to The Appraisal Foundation

Mission Statement: The Appraisal Foundation is dedicated to promoting professionalism and ensuring public trust in the valuation profession. This is accomplished through the promulgation of standards, appraiser qualifications, and guidance regarding valuation methods and techniques.

Agents who do not conform to USPAP face sacntions and disciplinary proceedings! Follow the law!

The FREAB is the florida real estate appraisal board that regulates appraisers. An appraiser must do the following:

analyze past sales
computes the cost to reproduce a structure
determines the worth of future income the property might produce

Buyers, sellers, lenders, and insurance companies benefit from appraisals. A government can also order an appraisal, say... of an abandoned building, to assess the value of roadways. An appraisal charged is based on the amount of time, difficulty, and effort put into the appraisal. Appraisers are paid a flat rate, not a commission. "The USPAP's ethics rule states that it is unethical for an appraiser to accept compensation that is contingent on the value of the property." It might be best to charge hourly for an appraisal process, say $50/hr.
Next,
CMA and BPO:
So, sellers ask brokers and agents what a buyer may pay for their property, which is why it is important to value properties. An agent may prepare a CMA for a potential seller, a comparative market analysis. A CMA cannot be an appraisal, and a BPO cannot be an appraisal or a CMA (I am assuming). Also, CMA's help buyers make informed decisions about a property for sale. So a CMA bemefits a real estate agent/broker in learning more about a property and comparative analysis to other locals, a seller in selling, and a buyer in buying. Preparing a CMA costs a flat fee.
A BPO is a written opinion of the value of a real property. BPO cannot be called an appraisal or a CMA (I was right) but a BPO can include a fee for preparing. A BPO can be requested by a relocation company or lender. Sometimes lenders offer short sales and lose the money they had in the house by releasing the mortgage so that the new buyer can buy the property free and clear. Distressed properties are usually involved in short sales and BPOs. "
A licensed or certified appraiser must conduct an appraisal when the valuation assignment involves originating a federally related mortgage loan." So, if the federal government is involved in a property, then a licensed or certified appraiser must perform the appraisal. An associate can conduct a BPO under a broker, but only the broker can be paid directly, not the sales associate. "The USPAP standards of practice do not apply to brokers, broker associates, and sales associates who, in the ordinary course of business, perform CMAs or broker price opinions." So the USPAP to not apply to professionals involved in appraising daily. USPAP only shows up for occasional appraisals by professionals in real estate.

Financing:

So, the way the text puts it. Sales are the lifebloods of real estate and financing is the lifeblood of sales.

"A real estate licensee who does not also hold a Florida mortgage loan originator license may not operate as a mortgage loan originator. A real estate licensee also may not accept a referral fee from a lender without also being licensed as a mortgage loan originator." What is a Florida mortgage loan originator license?

Loan Originator

LO: Loan Originator – Chapter 494, Florida Statutes: The license is required for an individual who, directly or indirectly, solicits or offers to solicit a mortgage loan , accepts or offers to accept an application for a mortgage loan, negotiates or offers to negotiate the terms or conditions of a new or existing mortgage loan on behalf of a borrower or lender, or negotiates or offers to negotiate the sale of an existing mortgage loan to a non-institutional investor for compensation or gain. The term includes an individual who is required to be licensed as a loan originator under the S.A.F.E. Mortgage Licensing Act of 2008. (from http://www.flofr.com/StaticPages/LoanOriginators.htm)

What is a referral fee from a lender? Who gets referred?

"Referral fees are payments made by service providers to other parties as quid pro quo for referring customers. Referral fees should be distinguished from referral power, which is the ability to direct a client to a specific vendor. The major concern with regard to referral fees in the home mortgage market is that it raises prices to borrowers. This overlooks that a service provider who is barred from paying referral fees has to find another way to market to those with referral power, and the alternative could well be more costly. The way to reduce settlement costs is to eliminate referral power by requiring lenders to pay for all third party services they require from borrowers." (from http://www.mtgprofessor.com/A%20-%20Settlement%20Costs/referral_fees.htm). There are a lot of illegalities in real estate between operating parties in property: mortgage, buyer, seller... bad! bad! bad!

A real estate counselor can provide advice to individuals and firms, as well as developers, investors, corporations, and large scale buyers and sellers. What is needed to be a counselor in real estate:

Education
Experience in real estate
Knowledge of investing
Tested judgment
"Our expanding economy, the increasing complexity of problems associated with real estate, and the need for professional counseling services all indicate that counseling will grow as a real estate specialty." Yeah! Reminds me of a counselor of law, and counselors make anywhere from $250/hr!
A real estate counselor is definitely a person.
A real estate broker is definitely a person.
A real estate agent is definitely a person.

There are three phases to construction and development:
Well, what is development & construction?
Development: the process of developing or being developed, a specified state of growth or development, an event constituting a new change in development... most importantly, a area of land with new buildings on it, a housing development (complex, site, establishment, growth).
Construction: the building of something, typically a large structure ORIGIN late Middle English : via Old French from Latin constructio(n-), from construere ‘heap together’ (see construct ). ie, building, erecting, putting up, setting up, establishing, assembly, manufacture.

The general phases of development and construction:

Acquiring land and pre-development which consists of acquiring raw land and preparing the site for construction. So developers and construction contractors work hand-in-hand. Zoning and land use must be studied to know what can be developed. I think.... you can't build a public bridge in a preserved wetland. The developer must seek approval from the local municipality, and then hire the contractor... I guess. Developer costs include but are not limited to: engineering plans, attorney fees, surveys, and application fees. These fees can each incur more fees within the fees I believe.

Subdividing and development: Subdividing is the process of turning one big piece of land into smaller plots or units. Development is the process of improving raw land to make it productive. Just make sure the land is not federally preserved.
Construction: licensed contractors build building on the site

A subdivision plat page must be submitted to local government before any preparing of land and building on land can begin. A subdivision plat map, from the text, is:

"County subdivision ordinances, in effect, have combined subdividing the land into individual lots with the development phase to provide greater protection to the public."

What is an ordinance? It is a piece of legislation enacted by a municipal authority, ie. decree, law, injunction, demand.

Restrictive covenants

Restrictive covenants affect how the land can be used and establish criteria such as minimum square footage, and so forth, to ensure that homes built in that subdivision are designed to protect and maintain the value and integrity of the neighborhood.

A deed restriction is not a restrictive covenant. A deed restriction refers to a single piece of land whereas a restrictive covenant refers to an entire subdivision. So one businesses verse a row of businesses. The former a deed restriction. The ladder a restrictive covenant.

So, to add:

"Restrictive covenants impose limitations on the use of land in an entire subdivision. Examples of restrictive covenants that may affect a particular subdivision control such things as the minimum allowable square footage, whether the garage doors may face the street, or whether recreational vehicles and boats may be parked within view of the street. Deed restrictions are placed by an owner who has created a restriction on future owners of the parcel of real estate. A deed restriction, for example, may prevent future landowners from selling alcoholic beverages on the site." From the text. A restrictive covenant is imposed by the developer whereas a deed restriction is imposed by an owner. Do what you want with your land!

So, there are three main categories to residential construction in real estate:
The first, to recap. What is a residence. A residence in my words is a place where humans dwell, and meet basic needs such as water, shelter, clothing and food. The dictionary says residence is a place where someone lives; a home. So residential construction in real estate, to me, before opening the book, is a place of living that is being built by a contractor or a company specializing in residential construction: ie, apartment, condominium, house, townhouse, penthouse, mansion... (Address) a residence is going to have your "home" address, and many people have more than one "home" address, say a house in Hong Kong, a house in California, and a condo on Fisher Island. Anyway, the three main categories of residential construction are the following:
Spec (speculative) homes which are built by a builder before knowing who is going to buy. Speculative: engaged in conjecture rather than knowledge.
Then you have your custom residence: Custom meaning made to order by a particular customer: a builder constructs a home under contract by a buyer or builder -- sort of made to order home is a custom home. Then you have your tract home: in which a subdivision is being developed and buyers have the choice between a couple models/floor plans that will be build within the subdivision. A tract home is a form of speculation home... Kind of like what they say about the city of Rome to me, which is, build it, and they will come... Oh, just found out on Google that that was the field of dreams quote, "Build it (the stadium, or the tea), and he will come." Have no idea who he is. The Rome quote is do as the Romans do.

Next,
So, usually, developers involved in large scale development need marketing and advertising to draw people into their subdivision. A developer may hire a sales team, but a developer may also hire a real estate broker/associate to sell plots and homes. Marketing can be both:

Effective: successful in producing a desired result
Ineffective: unsuccessful, unproductive, fruitless

So, I think it would be beneficial for a developer to hire an agent or broker because agents and brokers go above and beyond basic sales knowledge. A broker/agent has a farm land and a license. An agreement between a developer and a broker can be to reduce commission because of the advertising cost... but if an agent is advertising then the commission should not be reduced. I am not sure how a broker charges a develop. My options would be flat fee, commission, or salary for duration of selling tract homes, and maybe even custom homes, in a large scale setting.

Spec:

Custom:

Tract:

Next,

The real estate business is regulated by federal, state, and local governments:
Regulated: control or maintain the speed of so that it operates smoothly
Federal: several states form a unity but remain independent in internal affairs
State: a nation or territory considered as an organized political community under one government
Local: belonging to a particular area, ie. district, regional, city
Government: the governing body of a nation, state, or community. The system by which a nation or state is governed.
Law: a system of rules a community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.
Govern: conduct the policy, actions, and affairs of
ORIGIN Middle English : from Old French governer, from Latin gubernare ‘to steer, rule,’ from Greek kubernan ‘to steer.’
I wonder if there is a big, enormous book about real estate law... like there is about contract and every law learned in law school that I saw in the law firm where I was an intern. Next,
So you have local laws that apply to the real estate business like property tax and regulation of activities like building permits, zoning, building codes, business tax receipts, occupational licensing. What is a business tax receipt? Picture?

I guess you pay taxes if you have a business (business tax). What is tax defined as? Tax: a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, transactions, products. ORIGIN Middle English (also in the sense [estimate or determine the amount of a penalty or damages,] surviving in sense 3): from Old French taxer, from Latin taxare ‘to censure, charge, compute,’ perhaps from Greek tassein ‘fix.’ 1 they have to pay tax on the interest: duty, tariff, excise, customs, dues; levy, toll, impost, tithe, charge, fee. ANTONYMS rebate. Lol. refbate = tax total opposite. Hello, the Boston Tea Party!

Give your profit to government! Ok, let's watch a Boston Tea Party video: American History at its finest... Not sure how this has to do with real estate taxing... https://www.youtube.com/watch?v=PWgpqyZmfww. Ok I already learned about tax from England.
Ok, so real estate business has local, state, and federal tax. Local is by property and regulating activities. State is by owning a large amount of properties and categorizing some as non-develop ever, and charges a tax when a property title is transferred and plays a role in the mortgage. So, the state taxes are called state documentary and intangible taxes. State documentary tax, maybe a fee charged for the state having to document? And intangible taxes are taxes that aren't concrete? Lol, no. So:
What is Intangible Personal Property Tax?

Florida's intangible personal property tax is an annual tax based on the current market value, as of January 1, of intangible personal property owned, managed, or controlled by Florida residents or persons doing business in Florida.

What is Taxable?

The tax applies to intangible assets such as:

stocks

mutual funds

bonds

loans

money market funds

notes

accounts receivable

interest in limited partnerships registered with the Securities and Exchange Commission.

(from http://www.kulzick.com/fintti.htm)

Intangible (totally different from English class) not having a physical presence, an emotion, I guess a stock or bond. So I guess you have to pay taxes on what you own, and what you own is called your property, and what kind of property you have is real, personal, tangible, and intangible. The state collects intangible and documentary tax. What is a documentary tax? Oh... tax on transfer of title, $.70 per $100:

(Chapter 201, Florida Statutes)

Documentary stamp tax is levied at the rate of $.70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. (The Miami-Dade County rate is $.60 on all documents plus $.45 surtax on documents transferring anything other than a single-family residence). This tax is usually paid to the Clerk of Court when the document is recorded. The Clerks of Court send the money to the Department of Revenue and the Department distributes the funds according to law.
A reference sheet is available to help determine the correct amount of documentary stamp tax due on documents that transfer an interest in Florida real property.
Documentary stamp tax is also levied at the rate of $.35 per $100 (or portion thereof) on documents that are executed or delivered in Florida, for example:

Notes and other written obligations to pay.
Certain renewal notes.
Bonds (original issuance).
Mortgages.
Liens.

Florida law limits the maximum tax due on notes and other written obligations to $2,450. However, there is no limit on the documentary stamp tax due for mortgages or liens filed or recorded in Florida. Tax is paid to the Clerk of Court if the document is recorded, or sent directly to the Department of Revenue if the document is not recorded. (http://dor.myflorida.com/dor/taxes/doc_stamp.html)

So you have local: activities and property tax. State: intangible and documentary. And then you have documentaries! I am so off topic!

Ok, last but not least in real estate regulations by governments: are federal taxes. So how does the federal government tax me on my property?
The federal government has fiscal and monetary policies:
Fiscal: relating to government revenue
Monetary: relating to currency or money
Policy: a course or principle of action adopted or proposed by a government, party, business, or individual
So... the federal affects on real estate include the HUD, FHA, Department of Veterans Affairs (VA), EPA (envir. protection agency), and the IRS. More:
What is the Federal Housing Administration?
The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934.

What is FHA Mortgage Insurance?
FHA mortgage insurance provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner's default. Loans must meet certain requirements established by FHA to qualify for insurance.

HUD:

Mission

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination, and transform the way HUD does business.

VA: veterans affairs:

EPA: I work closely with them in my submission of permit applications for marine construction.

Our Mission

Our mission is to protect human health and the environment.

IRS: internal revenue service:
Internal Revenue Service (IRS) The Internal Revenue Service (IRS) administers and enforces U.S. federal tax laws.

The real estate business has been around a long time. As such, many associations and organizations have been formed to foster this industry. For instance, the NAR (national association of realtors) consists of 1/3 the realtors in the country. NAR promotes ethics and education in the real estate industry. Many of the state laws designed to promote professionalism and improve ethical standards begin in NAR's REALTORS® Code of Ethics and Standards of Practice. http://www.realtor.org/. The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association. NAR’s 1 million members, including NAR’s institutes, societies and councils, are involved in all aspects of the residential and commercial real estate industries. Cool. I like this video:
https://www.youtube.com/watch?v=0BJCC2RHDqE So, a REALTOR is a member of the NAR.

Florida REALTOR (http://www.floridarealtors.org/) is not National Association of REALTORS (http://www.realtor.org/).
“The mission of Florida Realtors is to advance Florida’s real estate industry by shaping public policy on real property issues; encouraging, promoting and teaching consistent standards for ethical practice and professionalism; and building on the efforts of local Boards/Associations to provide the information and tools members need to succeed.”

What: The National Association of REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members, including NAR’s institutes, societies and councils, involved in all aspects of the residential and commercial real estate industries.
Who: Our membership is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,400 local associations/boards and 54 state and territory associations of REALTORS®, or to one of 81 cooperating associations in nearly 60 countries. They are pledged to a strict Code of Ethics and Standards of Practice.
Why: Working for America's property owners, the National Association provides a facility for professional development, research and exchange of information among its members and to the public and government for the purpose of preserving the free enterprise system and the right to own real property.

The Term REALTOR®

The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

Florida is the voice of Florida, National is the voice for National.

Once licensed, sign up for the periodicals provided by NAR. Sounds kind of like NPR. Also, pick an area of special interest, call it a real estate specialty.

SO WHAT IS THE MLS?
The MLS was created by the NAR for brokers representing sellers under a listing contract, to share info. with brokers representing buyers. So the MLS is connecting sellers with buyers. A broker is the middleman between a property for sale and property that is sold. Before the MLS was born, there was driving to look at yard signs and browsing the newspapers of different cities. A broker could only show a property that the broker represented. Now, a potential buyer can look at the MLS with a broker. So, anyone can create an MLS. What is that all about? I thought the MLS was one huge database that brokers, even agents, signed into. Let's look further and deeper:
So the MLS can be accesses online, by anyone with permission and an Internet connection, and look at the property info. provided by the broker. A licensee and a broker can look and post in the MLS. A listing broker and selling broker share a commission on a property. So I am selling a house and you are buying a house. I make a percentage for listing and you get a percentage for finding. Cool. I wonder how that fee is paid out and traced? Each broker sets the fee. A broker can be a member of more than one MLS, and an MLS is dividing into a geographic area. NAR does not own MLS.

There are so many departments of real estate to work in! I'm pretty sure all the land in the world is owned! We (humanity) has discovered it all! Now, I wish there was no more fighting, no more wars, so we could all be happy! Relax! Lay in a hammock and drink coconut milk and belnded pineapples!

Soo. sparky! Here we are at the summary:

A real estate broker provides a service that is paid for by a commission, fee, or valuable consideration. The five areas of specialty are commercial, residential, industrial, business, and agricultural. An associate or broker may have a particular area of interest and study called a farm area. Business opportunity brokerage involves the selling of an active business. A real estate license is required to sell a business for another.

A property manager works on maintaining, marketing, managing and leasing a property for a property owner whereas a property agent just leases and collects, whereas an absentee owner hires a property manager. Absentees do not reside on the property and hire a manager to lease, market, and maintain. Appraisers and licensees must abide by the USPAP (uniform standards of professional appraisal practice). Follow the USPAP when appraising. If you are not a certified or licensed appraiser you cannot market or advertise yourself as one. A CMA is based on recently sold, currently selling, and recently expired listings. CMA stands for comparative market analysis. A CMA is not an appraisal. A BPO is a broker's written opinion of the value of property and is not an appraisal or CMA. A BPO (broker's price opinion) can incur a fee for writing. You cannot charge someone twice for a BPO. Just be fair and honest! A developer must submit a subdivision plat map to the local planning commission. A developer may dedicated sewer, curb, and sidewalk to a city. Dedication is the gift of land by an owner to a government body for public use. The developer installs the improvements and the local municipality agrees to maintain the improvements as part of the subdivision plat approval process. The three categories of residential construction consist of tract, spec, and custom. A REALTOR® is a real estate professional who is a member of a local board (or association) of REALTORS® and is affiliated with the Florida REALTORS® and NAR.

(I think it's important for you not to become complacent and comfortable. You will be stuck. Nothing will go your way and you will not succeed. If you are a child of God, the most high, you should be moving forward, striving to reach your best potential. I think it's important to go for your goals and accomplish your deepest desires that are planted seeds, by God, in your heart. Never give up. Never settle for negativity. Allow yourself to blossom. Most importantly, keep your head up: if you have reach a wall or dead end, make a different turn. Sometimes this is paving raw ground but other times it can be strapping on a jet pack and shooting to the stars.)

Complacent: showing uncritical satisfaction with one's achievements, smug, conceited, self-congratulatory. "In this competitive field, we can't afford to be complacent."

This is my favorite prayer of all time so far, well here is an exerp from it anyway. (I think a prayer can touch people in different ways):

Therefore be at peace with God, whatever you conceive Him to be,
and whatever your labors and aspirations, in the noisy confusion of life keep peace with your soul.
With all its sham, drudgery and broken dreams, it is still a beautiful world. Be careful. Strive to be happy.

Anyway, this is a real estate course! Back to learning about properties and laws...

Pics are from Google Images or Yahoo Images. I did not take any of the pictures provided as examples, and I will remove from my blog if you are the owner and ask me to remove. Thanks.

Fee chart for real estate services:
Appraisal $
Certified or licensed appraisal $$
CMA $
BPO $
Counselor $

Just something for fun I was thinking about. Which material do you want to use to build your house? hay, sticks, or stones? And as a realtor, which home for sale do I want to represent?

Ever heard of the 3 little pigs from childhood?

Public: Amanda's Real Estate Blog: A Life of Learning and Leading: Old Blog

Wednesday, February 11, 2015

The Real Estate Business Continued... Amanda's Specialties