REAL 1820 Lecture 1: Note 1 - Real Estate

• School: University of Guelph
• Department: Real Estate and Housing
• Course: REAL 1820
• Professor: Jian Zhao

Document Summary

The ter(cid:373) (cid:858)real estate(cid:859) is a legal ter(cid:373) that e(cid:374)co(cid:373)passes la(cid:374)d alo(cid:374)g with a(cid:374)(cid:455)thi(cid:374)g fi(cid:454)ed to the land permanently for example buildings. There can be both stationary or fixed location real estate. In simpler terms, real estate refers to land, and the structures that were built on the land. Real estate is a multidisciplinary field that requires many different skills. These skills can include marketing, finance, management, statistics, design, business law, economics, accounting, information systems, negotiation, and urban planning and regulation. Appraisers that estimate the market value of buildings and land in order to inform the clients what their real estate is worth. Researchers and consulters that research different trends in the market, trends in the economy, and more and are able to sell what they find in their research to those in need. Real estate agents and brokers are good professions for people-oriented individuals to represent the buyers/sellers, landlords, tenants, etc. in exchange for money.