Real estate refers to land, any permanent improvements on the land (buildings, structures), and natural resources of the land (like minerals, crops, or water). It also encompasses the rights to use the land, such as renting or leasing it.
There are two main paths to enter the real estate field: becoming a real estate agent or a real estate investor. Both require education and licensing, but the specifics will differ.
Real estate agents act as intermediaries between buyers and sellers of real estate. They handle tasks like property marketing, listing and showing properties, negotiating offers, and guiding clients through the legal and paperwork processes of buying or selling a property.
ROI for income-generating property (NOI divided by market value).
Commission based on the sale price (negotiable, split between agents).
Higher level of education/experience than agent, can sponsor agents.
Neutral third-party holding money and documents during a transaction.
Owning land and buildings for an indefinite period.
(Alberta) Courses, licensing exam, find a sponsoring brokerage.
A system for agents to share property listings.
Properties zoned and used for business purposes.
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