A Real state business refers to a person or business engaging in activities that relate to Real Estate. Real estate is real property consisting of the actual buildings and land on it, and its accompanying natural resources including water, plants or minerals; immovable real property of this kind; an chung cu bien hoa universe complex interest in this immovable property, buildings or property in general. The scope of activities covered by real estate is not limited but includes all those involving ownership, improvement, rental, selling, development, management, investment, etc. Although most Real state businesses operate on the same lines, there are various differences between them and the various types of Real estate are:
Real estate agents: This is the name of a business that is specifically engaged in buying, selling and trading real estate. There are other related types of Real estate agents like property managers, land brokers, estate planning agents, land speculators, etc. The primary difference between these types of agents and real estate agents is that the latter are licensed and have specialized knowledge of specific Real estate types, whereas the former has no special expertise and is mostly hired due to his contacts with various Real estate types. It is also possible for real estate agents to open their own business and thereby expand their business opportunities.
Real Estate Brokers: This type of business is another specialized form of Real estate agent. They are independent representatives who enter into business with other agents for the purpose of buying, selling or trading Real estate. They are paid commissions for their services and receive a portion of the sale proceeds. It is the job of the broker to identify the clients, find the best deals and take care of the closing procedures.
Franchisees: This type of business is another specialized form of Real estate business. They are involved in the purchase of franchises, which are exclusive rights to use a particular Real estate type for a specified period of time. Franchisees have to abide by the guidelines and regulations specified by the franchisor. This type of business does not involve any risk, as there is no involvement of money.
Real Estate Agents: These businesses include Real estate agents who are engaged in buying and selling Real estate. They can either buy, sell or trade Real estate. These agents are licensed to transact business and receive commissions. The main advantage of this type of business is that they are directly involved in the Real estate business. This gives them an advantage as they are in direct contact with the clients and can make better deals. It is advisable to engage a Real estate agent who is a member of a nationwide network of agents.
Consulting Business: This type of business is one of the most lucrative forms of Real estate business. It involves the concept of joint venture. This means that, the Real estate agents and the consultants engage in buying Real estate from a client and sell it to the client at a higher price than the prevailing market rate. Thus the partners share some percentage of the profit from the sale.