US real estate equity builder Kansas City (usreeb) global community of real estate company combines local neighborhood experience with up-to-the-minute real estate resources to deliver the results home buyers and sellers need today.

1. Introduction to the Real Estate Business Development
US real estate equity builder
Kansas City

2. Introduction to the Real Estate Business
Learning Objectives
Identify the various careers available in real estate,
and the professional organizations that support them
Describe the five categories of real property
Explain the operation of supply and demand in the
real estate market
Distinguish the economic, political and social factors
that influence supply and demand

3. Introduction to the Real Estate Business
A Business of Many Specializations
Brokerage Appraisal
Property management Financing
Subdivision and development Home inspection
Counseling Education

4. Introduction to the Real Estate Business
Types of Real Property
Residential Commercial Industrial
Agricultural Special Purpose

5. Introduction to the Real Estate Business
The Real Estate Market
Supply and Demand Factors
Affecting Supply Factors Affecting
Demand

6. Many types of property define real estate’s “product.”
Land is one of the fundamental concepts of real estate, as
well as “improvements” in the form of houses and
outbuildings. The fence suggests the limits of ownership.
Real Property and the Law

7. Real Property and the Law
Learning Objectives
Identify the rights that convey with ownership of real
property and the characteristics of real estate
Describe the difference between real and personal
property, and the various types of personalty
Explain the types of laws that affect real estate
Distinguish among the concepts of land, real estate
and real property

8. Real Property and the Law
Land - The earth’s surface extending downward to
the center of the earth and upward to infinity,
including permanent natural objects
Real Estate - Land at, above and below the
earth’s surface, plus all things permanently attached
to it, whether natural or artificial
Real Property - The interests, benefits and
rights that are automatically included in the
ownership of land and real estate

9. Real Property and the Law

10. Bundle of Legal Rights
Real Property and the Law

11. Real Property and the Law
Real Property Rights
Surface Rights Subsurface Rights
Air Rights
Water Rights

12. Real Property and the Law
Personal Property
All property that does not fit the definition of real property
Manufactured Housing Plants
Fixtures
Intent
Method of annexation Adaptation to real estate
Agreement
Trade Fixtures

13. Real Property and the Law
Characteristics of Real Property
Economic Characteristics
Scarcity Improvements
Permanence of investment Location
Physical Characteristics
Immobility Indestructibility Uniqueness

14. Real Property and the Law
Laws Affecting Real Estate
Contract law General property law Agency law
Real estate license law Federal regulations
Federal, state and local tax laws Zoning and land
use laws
Federal, state and local environmental
regulations

15. A variety of housing types are available under the general
heading of “home ownership”: single family, small
multifamily residences, and high-rise condos.
Concepts of Home Ownership

16. Concepts of Home Ownership
Learning Objectives
Identify the various types of housing choices
available to home buyers
Describe the issues involved in making a home
ownership decision
Explain the tax benefits of home ownership and the
provisions of recent changes to the Tax Code
Distinguish the various types of homeowner’s
insurance policy coverage

17. Concepts of Home Ownership
Types of Housing
Apartment Complex
Condominium Cooperative
Planned Unit Development (PUD)
Retirement Community

18. Concepts of Home Ownership
Types of Housing
Highrise Development
Converted-use Property
Manufactured Housing Modular
Homes
Time-share

19. Concepts of Home Ownership
Housing Affordability
Mortgage Terms
Ownership Expenses and Ability to Pay
Investment Considerations
Tax Benefits

20. Concepts of Home Ownership
Homeowner’s Insurance
Coverage and Claims
Basic vs. Broad-form Policies
Liability
Coinsurance Clause
National Flood Insurance
Program

21. Thank
You