The real estate exam podcast is a podcast which will provide audio lessons for the various real estate exams (Sales Agent and Real Estate Broker exams) for the states where we have produced audio lessons. As time goes on we will be adding more states and correspondingly providing more audio lessons available for our subscribers. Also we will also be interviewing real estate professionals and including their perspective on the real estate industry and how to succeed in real estate.
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The real estate exam podcast is a podcast which will provide audio lessons for the various real estate exams (Sales Agent and Real Estate Broker exams) for the states where we have produced audio lessons. As time goes on we will be adding more states and correspondingly providing more audio lessons available for our subscribers. Also we will also be interviewing real estate professionals and including their perspective on the real estate industry and how to succeed in real estate.
2022 Virginia Real Estate Salesperson Exam Lesson 2
Real Estate Exam Lessons for the Audio Learner
24 minutes 5 seconds
2 years ago
2022 Virginia Real Estate Salesperson Exam Lesson 2
Virginia Real Estate Salesperson Exam Lesson 2
2022 Virginia Real Estate Salesperson Exam Lesson 2 This is the second of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam.
These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure.
2022 Virginia Real Estate Salesperson Exam Lesson 2: The Business of Real Estate
Real estate brokers must be licensed in the state in which they are working.
Brokers can specialize in residential, commercial, and industrial property. They deal with the land and the rights that go with the land, such as water and mineral rights.
Real estate brokers act as an agent for others in a real estate transaction in exchange for a commission. Real estate salespeople have to work under the supervision of a real estate broker. Commissions are split between the broker and the agent.
Other real estate professions:
Appraisers
Property managers
Home inspectors
Mortgage brokers
Architects
Contractors
Kind of Property
Residential property (single homes, multi-family dwellings)
Commercial properties (retail stores, restaurants, offices, hotels, etc.)
Mixed-use properties (mixes commercial and residential)
Industrial properties (factories and warehouses)
Agricultural properties (farms and ranches)
Special purpose land (schools, church, etc.)
Vacant land
Supply vs. Demand
Factors that Affect Supply
Fear of missing out
Location
Construction costs
Local and state government influence
Factors that Affect Demand
Demographics of the area
Economy of an area
Interest rates
The Cycle of Real Estate
Recovery
Expansion
Hyper Supply
Recession
If you are looking for other Real Estate audio Lessons we have them for:
California
Georgia
Florida
Texas
Washington
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The SIE exam is a prerequisite for many of the FINRA licensing exams including the Series 7 Exam.
This is a big change from the current exam structure, which requires individuals to be employed and sponsored by a FINRA-registered firm before taking an industry qualification exam.
For the other states lessons we offer check out our webpage
Real Estate Exam Lessons for the Audio Learner
The real estate exam podcast is a podcast which will provide audio lessons for the various real estate exams (Sales Agent and Real Estate Broker exams) for the states where we have produced audio lessons. As time goes on we will be adding more states and correspondingly providing more audio lessons available for our subscribers. Also we will also be interviewing real estate professionals and including their perspective on the real estate industry and how to succeed in real estate.
