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Real Estate is a legal term that involves land along with whatever thing is attached to like a house or any other type of building.
Real Estate, in some jurisdictions, is also known as Real Property or Realty. However, for common use and to avoid any confusions, it is called Real Estate as a particular business referred to ownership rights.
Certain kinds of developments, especially the private property ownership, made Real Estate look like a profitable business industry since the land boom in the decade of 1920 until the present days in the new millennium. Buying Real Estate is one of the most important decisions a person can do in his/her life. It is a very major investment.
The Real Estate industry includes professional valuation services which are commonly called appraisals. Professional assistance to buy a home or to sell a property, they are known as Real Estate Agents, Brokers or Realtors.
The industry also manages the sales side by working accurately into marketing the properties. In addition, the Real Estate industry works on relocations by providing relocation services to people from different countries or other states within the nation.
Real Estate is the kind of business in which every field is covered by professionals whether they are into different business like residential, commercial or industrial property.
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Understanding is the main theme of all professions and careers. Real Estate is not the exception and in this section you will find all the technical words and daily used words within the market but in a more comprehensible language. Real Estate Glossary
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