Real estate business is a type of business that involves the buying, selling, renting, leasing, and managing of real properties, such as land, buildings, and other immovable assets. The real estate industry is one of the most significant sectors of the economy, as it provides housing and commercial space for individuals and businesses.
Real estate businesses can operate in various segments, including residential, commercial, industrial, and agricultural properties. Residential real estate refers to properties used for residential purposes, such as apartments, condominiums, and single-family homes. Commercial real estate includes properties used for business purposes, such as office buildings, retail stores, and warehouses. Industrial real estate includes properties used for manufacturing and distribution, such as factories and distribution centers. Agricultural real estate includes properties used for farming and ranching.