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Real estate refers to the real property that you own and the industry that employs thousands of people to manage, rent, finance, and sell property. Most aspects of operating a business in the real estate industry require you and your business to be licensed by the state in which you plan to operate.
In the U.S., real estate law governs the private ownership of real property and many aspects of transferring it. Banking law governs the finance of real property, and tax law governs the assessment of fees on real estate by government agencies. Primarily, real estate law and any other law that impacts real estate is state-specific, as states have the authority to govern property located within state boundaries.
If you are interested in running a real estate business, you have many options. Regulated options include operating a brokerage or becoming a sales agent. You can also open a mortgage or title company or set up a real estate appraisal business. These options require you to be licensed in your state and pursue credentials that are awarded by trade associations.
Unregulated business options in real estate include setting up listing websites that identify distressed properties, real estate management and maintenance, and interior and exterior design. Read more about real estate from the links on this Business.com page.
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