noun realty - real estate; property consisting of houses and land
The term 'realty' is commonly used in the real estate industry to refer to real property, including land, buildings, and other structures.
Within land development, 'realty' refers to the land and any improvements made to it, such as subdivisions or infrastructure projects.
In property management, 'realty' is used to describe the physical assets being managed, such as rental properties or commercial buildings.
In the context of investment, 'realty' is often used to discuss real estate investments, including buying, selling, or leasing properties for financial gain.
A real estate agent specializes in buying, selling, and renting properties for clients.
A real estate developer is involved in purchasing land, constructing buildings, and selling or renting them for profit.
A real estate attorney provides legal advice and assistance in real estate transactions, disputes, and property laws.
A property manager is responsible for overseeing and maintaining rental properties on behalf of property owners or landlords.
An appraiser evaluates the value of real estate properties for various purposes like sales, mortgages, insurance, or taxation.
A real estate broker is licensed to represent buyers and sellers in real estate transactions and typically manages a team of agents.