Realb
realb

What is Real Estate?

forms
                 
fromb

Real Estate Agents Act 2006:

Code of Ethics:

The Law classifies properties into two categories:

Real property and Personal property. Real property (or Real Estate) are:

  • The interests and benefits that are included in the ownership for land.
  • Personal property is all property that does not fit the definition of real property.
  • Distinction is, real property is immovable while personal property is moveable.
 

Examples of Real property

  • Land
  • Building
 

Who and What are Real Estate Agents?

  • People or business who act as middle men between buyers and sellers.
  • People and business who act as middle men between landlords and tenants.
 

Law of Agency

  • It creates a fiduciary relationship between the agent and the principal

 
realb
© 2014 REAL ESTATE AGENTS LICENSING BOARD