Ch 7: Becoming a Licensed Real Estate Broker

About This Chapter

Check out this informative chapter for an overview of the licensed real estate broker profession. Available whenever it's convenient, these lessons and quizzes can help you learn more about the world of real estate and prepare for real estate broker exams.

Becoming a Licensed Real Estate Broker - Chapter Summary

If you're interested in becoming a licensed real estate broker, take a look at this chapter to learn about the basics of the profession. Taught by expert real estate instructors, the chapter offers simple explanations of real estate licensing requirements, types of real estate agencies and real estate ethics. Upon completion of the chapter, you should be equipped to:

  • Detail real estate licensing and continuing education requirements
  • Evaluate the importance of ethics in real estate
  • Outline the consequences of the unauthorized practice of law
  • Recognize the different types of real estate agencies
  • Differentiate between real estate customers and clients
  • Understand the duties of real estate transaction agents

To help you retain these real estate topics, we've included plenty of self-assessment quizzes throughout the chapter. You can work through this chapter at your own pace and submit questions to our instructors if you have any. The chapter material is available at any time that fits your schedule, and you can use any computer or mobile device to study.

6 Lessons in Chapter 7: Becoming a Licensed Real Estate Broker
Test your knowledge with a 30-question chapter practice test
Real Estate Licensing & Continuing Education Requirements

1. Real Estate Licensing & Continuing Education Requirements

Do you want to explore a career in real estate? In this lesson, we cover the steps you need to take to become a licensed real estate salesperson or broker.

Real Estate Ethics: Importance & General Concepts

2. Real Estate Ethics: Importance & General Concepts

What are ethics and why are they important in real estate practice? This lesson provides an overview of ethical standards in the work of real estate professionals as well as penalties for unethical behavior.

Unauthorized Practice of Law: Definition & Consequences

3. Unauthorized Practice of Law: Definition & Consequences

This lesson will explore how the 'unauthorized practice of law' concept limits who can act as an attorney. The consequences for those who engage in unauthorized practice of law will also be examined. A brief quiz follows the lesson.

Types of Real Estate Agencies

4. Types of Real Estate Agencies

In real estate agency and brokerage, the agent has the authority to act on behalf of the client. This lesson will identify the various types of agencies available in agency relationships and the power of authority an agent can have as a representative of the client.

Differences Between Real Estate Customers & Clients

5. Differences Between Real Estate Customers & Clients

What is the difference between real estate customers and clients? Although the words are often used interchangeably, in real estate they signify very different roles. In this lesson, we'll review what determines if someone is a customer or client in real estate.

Real Estate Transaction Agents: Definition & Duties

6. Real Estate Transaction Agents: Definition & Duties

In this lesson we will define and discuss the role of a transaction agent. Special attention is given to the differences between transaction agents and traditional real estate agents.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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