1. What role does a real estate agent play in the purchase of a house? What is the benefit of the MLS? How is the real estate agent compensated, and by whom? 2. Describe a real estate short sales...

1. What role does a real estate agent play in the purchase of a house? What is the benefit of the MLS? How is the real estate agent compensated, and by whom?

2. Describe a real estate short sales transaction. What are the potential benefits and costs from the perspective of the homeowner?

3. Why should you investigate mortgage loans and prequalify for a mortgage early in the home-buying process?