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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: A fee charged by the mediator who facilitates a real
estate transaction
between the two parties.
* 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
* Corporate Real Estate: Managing the real estate held by a
corporation to support its core business—unlike managing the real
estate held by an investor to generate income.
Within each field, a
business may specialize in a particular type of real estate, such as
residential, commercial, or industrial property. In addition, almost
all construction business effectively has a connection to real
estate.
"Internet real estate" is a term coined by the internet
investment community relating to ownership of domain names and the
similarities between high quality internet domain names and
real-world, prime real estate.
http://en.wikipedia.org/wiki/Real_estate |
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