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Real estate is a broad term encompassing various types of property, land, and buildings, whether residential, commercial, or industrial. It plays a vital role in the economy, influencing wealth, job creation, and business development. Understanding what real estate entails, its types, and its key characteristics can help investors, buyers, and sellers make informed decisions in the property market. Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals. Real estate refers to real, or physical, property, and can include land, buildings, air rights above the land, and underground rights below the land. As a business term, real estate also refers to producing, buying, and selling property. Real estate plays a crucial role in the economy, driving growth through construction, property sales, and development, while also influencing job creation, consumer spending, and overall investment levels. Discover what real estate is with our beginner's guide. Dive deep into real estate basics, principles, and everything you need to know at Real Estate Skills!
