Legal property means land and other assets. Adjacent to the land, such as buildings, houses, townhouses, condos or dormitories, the term business means trading or providing services under the law. Therefore, if speaking easily The real estate business is Creating revenue from sales Or rent out land In various formats Doing property businesses is not limited to people with money only. Because being a land broker is considered a real estate business as well
Real Estate Business Type
Real estate business is divided into 5 main categories which are
1. Agricultural real estate
Real estate business for agriculture is the real estate business that mainly allocates land for agriculture such as agricultural gardens.
2. Residential real estate
Residential real estate business Is the real estate business that mainly allocates land for living such as townhouses, apartments, dormitories
3. Commercial real estate
Commercial real estate business Is a business that allocates commercial land such as hotels, markets, mini offices or parking spaces for rent
4. Industrial real estate
Real estate business for industrial purposes Is a business that allocates land for industrial purposes mainly such as industrial estates, mini factories
5. Vacation real estate
Real estate business for industrial purposes Is a business that allocates land for guests to relax, such as resorts, resort hotels