| estate contract or the deed; bank exchange rate principals and seller sign these documents, respectively. The respective real estate agents put themselves down on the contract as the agents for each principal so that they may be able to collect their commission(s). The use of a real estate broker is not a requirement for the sale or conveyance of real estate or for getting a mortgage loan from a lender; although once a broker is used, the lender or its attorney will require that they be paid. Lenders bank exchange rate have other requirements, though, for a loan: see Closing cost. In spite of the name, real estate has no connection with the concept of reality (in other words, the law does not consider real property more "real" than personal property). It derives instead bank exchange rate the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to "royal estate", real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England and thus to bank exchange rate English language; cognate to Spanish real. With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and bank exchange rate transactions. Some kinds of real estate businesses include: Appraisal - Professional valuation services Brokerages - Assisting buyers and sellers in transactions Development - Improving land bank exchange rate use by adding or replacing buildings Property management - Managing a property for its owner(s) Relocation services - Relocating people or business to different country In owner-occupancy, the landlord |
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