Mortgage Broker Training

Real estate deals are usually looked upon as the purchase of land. Real estate is real property consisting of the buildings and land on it, and its accompanying natural resources like water, crops or minerals; immovable real property of this kind; an exclusive interest in a particular piece of immovable real estate, buildings or real estate in general. It is the buyer of real estate who usually looks after the site and its surrounding vegetation and wildlife. This buying and selling of real estate deals involves a lot of paper-work and legal formalities that usually hinder the smooth running of the deal. Also, there is a lot of risk involved in these deals.

There are two kinds of persons who can buy immovable real estate: one is the owner of the land or the person renting the land, and the other one is the person leasing the land. These two types of persons have completely different responsibilities. For example, if the owner of the land is dead, the person leasing the said real estate cannot do anything with it except leave it vacant and wait for his/her return. And if the person leasing the real estate has no personal interest in the said property, then he/she cannot do anything to it nor can they even occupy it for themselves. Therefore, this type of person is not an inter-dependent element in the entire real estate deal.

The second main category is that of the permanent attachable. Permanent attachable means a person who has an ownership interest in some immovable properties like a building or a house, and he permanently attaches those properties to his personal name and to his real estate. These permanent attachable people can buy and sell real estate without much problem. However, this is the most difficult category to penetrate in the field of real estate. They have to pass through a series of tests and interviews in order to qualify for this category.

The third main category is the economic characteristics of a land owner. The economic characteristics of the land owner are basically his interest in the use of the land as well as the amenities connected to the use of the land. The amenities include roads, sewers, water system, electricity system, natural resources and other such features that are necessary to the economic well being of the landowner.

In the previous paragraphs we gave the three main categories that are involved in the real estate dealing; it is now time to give the examples that comprise them. The examples include cases where there is a lease agreement between the lessee and the owner of the land. In such a case, the lessee is considered to be a personal property owner within the meaning of the law.

A rental property is one kind of investment that is not interdependent and which allows one to make money without making any physical efforts. These properties are bought and sold as the need arises. A rental property can be an example of real estate investment.