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The National Association of Realtors (NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic. [19] Real estate development can be less cyclical than real estate investing. [20] In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property.
Some simple maps may only contain a lot and map number, such as Lot C of the Riverside Subdivision map as recorded in Map Book 12, Page 8 in the office of the City Engineer. The more technical details of the legal description are all contained in the recorded plat map and there is no need to reiterate them in a deed or other legal description.
A plat of subdivision or plan of subdivision appears when a landowner or municipality divides land into smaller parcels. If a landowner owns an acre of land, for instance, and wants to divide it into three pieces, a surveyor would have to take precise measurements of the land and submit the survey to the governing body, which would then have to ...
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ...
new Greek νέος (néos), young, youthful, new, fresh neoplasm: nephr(o)-of or pertaining to the kidney: Greek νεφρός (nephrós), kidney nephrology: nerv-of or pertaining to nerves and the nervous system (uncommon as a root: neuro-mostly always used) Latin nervus, tendon, nerve; cognate with Greek νεῦρον (neûron), tendon, string ...
Mayflower was an English sailing ship that transported a group of English families, known today as the Pilgrims, from England to the New World in 1620. After 10 weeks at sea, Mayflower, with 102 passengers and a crew of about 30, reached what is today the United States, dropping anchor near the tip of Cape Cod, Massachusetts, on November 21 [O.S. November 11], 1620.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
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