Despite the economic downturn, real estate remains a major area of business. In this post I wanted to cover how the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include:

• Appraisal: Professional valuation services
• Brokerages: A fee charged by the mediator who facilitates a real estate transaction between the two parties.
• Development: Improving land for use by adding or replacing buildings
• Property management: Managing a property for its owner(s)
• Real estate marketing: Managing the sales side of the property business
• Real estate investing: Managing the investment of real estate
• Relocation services: Relocating people or business to a different country
• Corporate Real Estate: Managing the real estate held by a corporation to support its core business—unlike managing the real estate held by an investor to generate income

Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate.

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