Real Estate Basics
What is real estate?
A plot of land and any permanent structures attached to it.
What does a developer do?
Plans and builds new homes, stores, or office buildings.
What license do you need to become a real estate agent?
A real estate license.
What is a mortgage?
A loan used to buy a home or property.
What is the salary range for a real estate agent?
$40,000 to $100,000+ per year (based on sales).
Name a key player in real estate.
Real estate agent, property manager, developer, investor.
What degree do you need to be an Acquisitions Analyst?
A degree in finance, real estate, or business.
What does a property manager do?
Manages rental homes or apartments and keeps them running smoothly.
What is a lease?
A contract to rent a home, office, or apartment.
How much does an Acquisitions Analyst make?
$70,000 to $120,000+ per year.
What is the main job of a real estate agent?
Helping people buy or sell homes.
How much does a Real Estate Developer make?
$80,000 to $150,000+ per year.
How much does a property manager make?
$50,000 to $80,000 per year.
What is zoning?
Rules about how land and buildings can be used in certain areas.
How much does a home inspector make?
$50,000 to $75,000 per year.
What does a home inspector do?
Inspects homes to make sure they’re safe and ready for sale.
What is the job of an Acquisitions Analyst?
Finds properties for companies to invest in.
Name one certification needed for home inspectors.
A home inspector certification (varies by state).
What is a portfolio?
A group of investments, like properties, managed by a company.
How much can a Commercial Broker make?
$60,000 to $120,000+ per year.
Name one type of property.
Residential, commercial, industrial, or land.
What’s the top salary for a Commercial Broker?
$120,000+ per year (with potential for more in commissions).
What’s one reason people become real estate agents?
Flexible schedule, being your own boss, helping people find homes.
What is ROI?
Return on Investment, the money you earn from an investment.
What’s the salary range for a developer?
$80,000 to $150,000+ per year.