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Real estate refers to property such as land, buildings, and natural resources such as crops, minerals, and water; immovable property of this sort; an interest vested in this an item of real property, buildings, or houses in general. Vehicles, boats, jewels, furniture, equipment, and the rolling stock of a farm are examples of personal property that are not permanently tied to the land.
A realtor, real estate broker, or real estate agent represents sellers or buyers of Professional Real Estate or real property. While a broker may work independently, an agent normally represents clients under the supervision of a qualified broker. The state licenses brokers and agents to negotiate sales agreements and manage the paperwork required to close real estate transactions. Buyers and sellers should consult a licensed broker for a written description of each state's rules of agency, and many states require all parties to sign formal disclosures describing their responsibilities and obligations.
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