CHAPTER 1: AGENTS AND BROKERS
The rich woman invested in … (land & buildings)
➔ Property:
o (general) anything that belongs to you - “Be careful not to damage someone’s
property.”
o (specific) a particular building - “He owns a property on the south coast.”
➔ Real estate: (buisness) the activity of buying/ selling - “He works in real estate.”
Several job opportunities
- A syndic = someone who represents an association of co-owners and manages the common
areas of a building
- A property manager = a person or firm that operates a property for a fee and makes sure it
remains in good condition
- A notary clerk = someone who is responsible for preparing notarial files
- A property/ project developer = someone who buys land or buildings in order to build new
houses and make a profit
- A site/ construction manager = someone who organises work on construction areas
- An estate agent = someone who sells houses and land for people
Vastgoedmakelaar =
➔ British English:
o Estate agent (residential property)
o Agent/ broker (commercial property)
➔ American English:
o Real estate agent
o Real estate broker (more responsibilities)
o Realtor (member of National Association of Realtors)
= a(n) (real) estate agent is an intermediary or a mediator between seller and buyer
,Text: N° 1 happiest job in the USA
→ some real estate vocabulary
- Growth opportunities = the company offers opportunities for promotion eg. more
important job, more responsibilities, better pay …
- A property listing = an agreement between the agent and the seller to advertise and
sell the property / a property for sale
- Prospective (client) = potential client, someone who is searching for a property
- Conditions of sale = a set of arrangements made by the seller which the buyer must accept
- To draw up a contract = (business language) to make or write a contract
- Inventory = (in real estate) all properties that are for sale
- An offer = an amount of money that someone wants to pay (for a property)
- A seller’s market = a market which has more people interested in buying homes than sellers
- Commission = an amount of money that is paid when things (properties) are sold
➔ Reasons why being an estate agent is the ‘happiest job in the USA’
- good relationship with bosses or can work independently
- good time for real estate agents → make good money
- lot of control over the work they do → they can make their own decisions on how and when
to carry out job-related tasks
vertaaloefening
Ik heb ervoor gekozen om vastgoed te studeren omdat ik altijd geïnteresseerd was in huizen. Met
deze studie hoop ik mijn kennis over de vastgoedsector uit te breiden.
Ik wil graag zelfstandig makelaar worden omdat ik van het sociale contact hou en een grote interesse
heb om zelf in vastgoed te investeren. Hoewel je met deze studie meerdere beroepsmogelijkheden
hebt, kijk ik er nu al naar uit om later zaakvoerder te zijn van mijn eigen vastgoedkantoor.
I decided to study real estate because I have always been interested in houses. With this study I hope
to expand my knowledge about the property sector.
I would like to become an independent estate agent because I love social contact and have a great
interest in investing in properties myself. Although there are several job options with this study, I am
already looking forward to being the owner / manager of my own real estate office one day.
,Video about being a real estate agent
advantages:
1. You are your own boss
2. You do not need a lot of funds to get started
3. You meet a lot of new people each day
4. Your income potential is not limited
5. You can be creative (eg. marketing)
6. You will be motivated by the variation in your job
7. You’re not an employee, you are your own company
8. You can help people
9. You do not need a lot of education
10. You’re in control of your own success
disadvantages:
1. You have to be committed & self-motivated
2. You need some savings to get started
3. Your income can be unstable / you only earn when you are selling
4. You will have to talk to people
5. You will not have any guarantees
6. You will have to spend money on marketing, equipment, services etc. (expenses)
7. You could fail (80% of new agents are out in first 2 years)
, CHAPTER 2: TYPES OF PROPERTY
REAL ESTATE MARKET
➔ Residential property: intended for people to live in, e.g. a house/ a flat
➔ Commercial property: intended to generate a profit, e.g. offices/ shops
Oefening
What do you see in the pictures? Choose the correct name from the list. For each property type decide
whether it is residential or commercial property?
Hotel – commercial property
Retail – commercial property
Office – commercial property
Terraced – residential property
Warehouse – commercial property
Detached – residential property
Semi-detached – residential property
Block of flats – residential property
The rich woman invested in … (land & buildings)
➔ Property:
o (general) anything that belongs to you - “Be careful not to damage someone’s
property.”
o (specific) a particular building - “He owns a property on the south coast.”
➔ Real estate: (buisness) the activity of buying/ selling - “He works in real estate.”
Several job opportunities
- A syndic = someone who represents an association of co-owners and manages the common
areas of a building
- A property manager = a person or firm that operates a property for a fee and makes sure it
remains in good condition
- A notary clerk = someone who is responsible for preparing notarial files
- A property/ project developer = someone who buys land or buildings in order to build new
houses and make a profit
- A site/ construction manager = someone who organises work on construction areas
- An estate agent = someone who sells houses and land for people
Vastgoedmakelaar =
➔ British English:
o Estate agent (residential property)
o Agent/ broker (commercial property)
➔ American English:
o Real estate agent
o Real estate broker (more responsibilities)
o Realtor (member of National Association of Realtors)
= a(n) (real) estate agent is an intermediary or a mediator between seller and buyer
,Text: N° 1 happiest job in the USA
→ some real estate vocabulary
- Growth opportunities = the company offers opportunities for promotion eg. more
important job, more responsibilities, better pay …
- A property listing = an agreement between the agent and the seller to advertise and
sell the property / a property for sale
- Prospective (client) = potential client, someone who is searching for a property
- Conditions of sale = a set of arrangements made by the seller which the buyer must accept
- To draw up a contract = (business language) to make or write a contract
- Inventory = (in real estate) all properties that are for sale
- An offer = an amount of money that someone wants to pay (for a property)
- A seller’s market = a market which has more people interested in buying homes than sellers
- Commission = an amount of money that is paid when things (properties) are sold
➔ Reasons why being an estate agent is the ‘happiest job in the USA’
- good relationship with bosses or can work independently
- good time for real estate agents → make good money
- lot of control over the work they do → they can make their own decisions on how and when
to carry out job-related tasks
vertaaloefening
Ik heb ervoor gekozen om vastgoed te studeren omdat ik altijd geïnteresseerd was in huizen. Met
deze studie hoop ik mijn kennis over de vastgoedsector uit te breiden.
Ik wil graag zelfstandig makelaar worden omdat ik van het sociale contact hou en een grote interesse
heb om zelf in vastgoed te investeren. Hoewel je met deze studie meerdere beroepsmogelijkheden
hebt, kijk ik er nu al naar uit om later zaakvoerder te zijn van mijn eigen vastgoedkantoor.
I decided to study real estate because I have always been interested in houses. With this study I hope
to expand my knowledge about the property sector.
I would like to become an independent estate agent because I love social contact and have a great
interest in investing in properties myself. Although there are several job options with this study, I am
already looking forward to being the owner / manager of my own real estate office one day.
,Video about being a real estate agent
advantages:
1. You are your own boss
2. You do not need a lot of funds to get started
3. You meet a lot of new people each day
4. Your income potential is not limited
5. You can be creative (eg. marketing)
6. You will be motivated by the variation in your job
7. You’re not an employee, you are your own company
8. You can help people
9. You do not need a lot of education
10. You’re in control of your own success
disadvantages:
1. You have to be committed & self-motivated
2. You need some savings to get started
3. Your income can be unstable / you only earn when you are selling
4. You will have to talk to people
5. You will not have any guarantees
6. You will have to spend money on marketing, equipment, services etc. (expenses)
7. You could fail (80% of new agents are out in first 2 years)
, CHAPTER 2: TYPES OF PROPERTY
REAL ESTATE MARKET
➔ Residential property: intended for people to live in, e.g. a house/ a flat
➔ Commercial property: intended to generate a profit, e.g. offices/ shops
Oefening
What do you see in the pictures? Choose the correct name from the list. For each property type decide
whether it is residential or commercial property?
Hotel – commercial property
Retail – commercial property
Office – commercial property
Terraced – residential property
Warehouse – commercial property
Detached – residential property
Semi-detached – residential property
Block of flats – residential property
