What is Real Estate?

According to the American Heritage Dictionary, the definition of real estate is:

 the "land including all the natural resources and permanent buildings on it."

Basically, real estate is land and anything permanently affixed to the land. This is in contrast with personal property which consists of removable objects.

When discussing Real Estate, people are usually either looking to buy a house, sell a house, getting a real estate license to be a real estate broker, or looking for a real estate investment.

Real estate license

All states require all real estate agents who practice real estate business to be licensed. Each state has its own real estate law which is amended over time. To be licensed as a real estate agent, the person seeking to become a real estate agent has to take a real estate exam which may be renewed periodically. The real estate agent has to take a continuing exam to continue being licensed over a long period of time. The frequency of the continuing exam depends on the real estate law of the state the real estate agent is licensed in.

• Real Estate Over-improvement