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Real estate also known as immovable property is a legal phrase, which covers land along with anything else that is forever affixed to the land, like buildings.
Selling and buying real estate is not as easy as it sounds; it requires an extensive client base and is quite a responsible job. Real estate or property is sold when the buyer and seller agree mutually on a price which is set for a particular property. Most of the real estate deals are done via brokers, who receive a percentage of the set price when the deal is finalized.
With the expansion of private property ownership, real estate has turned into a key area of business. Generally specialists are called to evaluate the price of a particular property.
answered 2 years ago
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