1. © 2010 by Cengage Learning Chapter 1 ________________ Introduction to Real Estate

2. © 2010 by Cengage Learning Key Terms Topic Introduction Boldface type Vocabulary Review Chapter Questions & Problems How to Use This Text

3. © 2010 by Cengage Learning Real Estate is a Unique Subject Complex legal theories Unusual fact situations Fun and interesting business

4. © 2010 by Cengage Learning Overview of a Real Estate Transaction with Chapter Reference-

5. © 2010 by Cengage Learning Career Opportunities Residential Commercial Industrial Farm & Ranch Property Management Rental Services Investor

6. © 2010 by Cengage Learning Career Opportunities Appraising Government Services Land Development Urban Planning Financing Consulting Education Investing

7. © 2010 by Cengage Learning License Requirements Any person who, for compensation or the promise of compensation lists or offers to list sells or offers to sell buys or offers to buy negotiates or offers to negotiate

8. © 2010 by Cengage Learning License Requirements (continued) either directly or indirectly for the purpose of bringing about a sale, purchase, or option to purchase, exchange, auction, lease, or rental of real estate, or any interest in real estate is required to hold a valid real estate license.

9. © 2010 by Cengage Learning Review State Laws required to obtain a real estate license.