Create New Visitor Lead

Execute Real Estate Selling Process

Measure Process Performance

Followup on Sales Executive

What is Real estate business?

A real estate business is a business entity that deals with the construction, buying, selling, management or investment of real estate properties. According to The Balance, real estate is “the property, land, buildings, air rights above the land and underground rights below the land.” Real estate development is a process that involves the purchase of raw land, rezoning, construction and renovation of buildings, and sale or lease of the finished product to end users.

Four Types of Real Estate

There are four types of real estate:
1. Residential real estate includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.
2. Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are often considered commercial, even though they are used for residences. That's because they are owned to produce income.
3.Industrial real estate includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage, and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction, and sales are handled differently.
4.Land includes vacant land, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.2 Here's more at Land Broker Transactions.