- Introduction and expectations

- Students introductions and expectations

- Review of Syllabus

- Careers in Real estate - 5 Categories of real property - Supply and demand of real estate - Economic, political, and social factors - Definitions

- Brokerage - Appraisal - Property Management - Financing - Subdivision and Development - Home Inspection - Counseling and Education

- Residential - Commercial - Industrial - Agricultural - Special Purpose

- Property used for the specific purpose of

single – family or multifamily housing, either

in urban, suburban or rural areas.

- Commercial property includes; business property, office space, shopping centers, stores, theaters, hotels, and parking structures.

- Industrial property includes; warehouse, factories, land in industrial districts, and power plants.

- Agricultural property includes; farms, timberland, ranches, and orchards.

- Special use property includes; churches, schools, cemeteries, and government – held lands.

- Market - Uniqueness & Immobility - Factors that affect Supply - Factors that affect Demand - Government Controls, Financial policy,

Labor force, Construction cost.

Galaty, F.W., Allaway, W.J., Kyle, R.C. (2000) Modern real estate practice. Dearborn Financial Publishing, Chicago, IL.