Title: Identify specialized resources required to establish a real estate business.
Course: Real Estate (12154) > Section: Understanding Entrepreneurship in Real Estate

Identification could include

- certified public accountant (CPA)
- legal counsel
- financial adviser
- digital marketing specialist
- information technology (IT) specialist
- business mentor
- area associations.

Identification should also include tools, supplies, and resources for a real estate office. Identification should include industry partners such as a trusted lender and closing agent.

DPOR correlations: 18VAC135-20-400. 15 (Brokerage and agency contract responsibilities); 18VAC135-20-400. 16 (Real estate marketing); 18VAC135-20-400. 25 (Real Estate Board regulations)

Process/Skill Questions:

- How can an IT specialist enhance a real estate business?
- What types of equipment or supplies should a real estate salesperson/broker have to enhance his/her business?
- What other support does the real estate industry give its salespeople/brokers?
- What government agencies must be contacted when opening a real estate business?
- What license must an agent hold to open a real estate business?