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About Real Estate
Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.
Real Estate Business sector
With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include:
- Appraisal - Professional valuation services
- Brokerages - Assisting buyers and sellers in transactions
- Development - Improving land for use by adding or replacing buildings
- Property management - Managing a property for its owner(s)
- Real Estate Marketing - Managing the sales side of the property business
- Real Estate Investing - Managing the investment of real estate
- Relocation services - Relocating people or business to a different country
Reference: Wikipedia
