Open AccessStanding At The Altar
Author(s) -
Jr. Martin Charles L.,
Benjamin A. Neil
Publication year - 2011
Publication title -
journal of business case studies
Language(s) - English
Resource type - Journals
eISSN - 2157-8826
pISSN - 1555-3353
DOI - 10.19030/jbcs.v7i4.4686
Subject(s) - estate planning , real estate , altar , business , property (philosophy) , property management , test (biology) , real estate development , finance , process (computing) , reading (process) , estate , marketing , actuarial science , computer science , law , political science , paleontology , philosophy , theology , epistemology , biology , operating system
This case provides an excellent test of a students basic knowledge of the residential property real estate process as it relates to having a signed buyers agreement, pre-approved financing and potential ethical dilemmas. The case introduces students to the purchase of property using the expertise of a real estate agent. It also highlights the need for a formal contract between the buyer and the realtor as well as the potential pitfalls to the buyer and realtor if a contract is not employed.This case is suited to students taking the first real estate course, those who are taking a course in personal financial planning or those who are preparing to become realtors. After reading and discussing the case, students should have a pragmatic understanding what a realtor brings to the market and why a contractual relationship is necessary for all parties.