Real Estate: Definition, Types, How to Invest in It
The terms land, real estate, and real property are often used interchangeably, but there are distinctions. Indirect investment in real estate can be made via REITs or through pooled real estate investment. Real estate is considered real property that includes land and anything permanently attached to it or built on it, whether natural or man-made. There are a variety of real estate professionals who work in the industry and help make it function. The most common examples are accountants, lawyers, interior designers, stagers, general contractors, construction workers, and tradespeople. Lenders play a major role in the industry as virtually all properties and developments use leverage to finance their business.
- Governing DocumentsCode of Ethics, NAR’s Constitution & Bylaws, and model bylaws for state & local associations.
- Sales and marketing firms work with developers to sell the buildings and units they create.