Real Estate - Page 104

Real Estate refers to property consisting of land and the buildings on it, as well as the natural resources associated with it, such as crops, minerals, or water. It encompasses a variety of property types, including residential, commercial, industrial, and agricultural properties. Real estate can be bought, sold, or leased, and it represents a significant asset class in the economy. The value of real estate is influenced by factors such as location, market demand, and economic conditions. Real estate transactions often involve a range of professionals, including real estate agents, appraisers, and legal advisors, who facilitate the buying and selling process. In investment contexts, real estate is viewed as a means to generate income and build wealth, either through rental income, property appreciation, or both.