When the various parts of real estate activity are viewed together, the enormous scope of the real estate business becomes apparent. Every day, real estate licensees aid buyers, sellers, and investors in making decisions involving billions of dollars. Because the real estate industry is big business in terms of laws and regulations, licensees must be famil- iar with the role of federal, state, and local governments in the regulation of real estate activities.
1. What do you perceive to be the difference between the terms licensed real estate sales associate and real estate professional?
2. In your opinion, will a specialist or a general practitioner in the real estate business generate higher personal earnings?
