Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Who are the primary regulatory entities of the real estate business?

Sagot :

ireenys3004

Answer:

State regulation State governments are the primary regulatory entities of the real estate business. State governments establish real estate license laws and qualifications

Explanation:

A simple definition of real estate is that it is air, water, land, and everything

affixed to the land. Real estate in the United States may be owned privately by

individuals and private entities or publicly by government entities. Private

ownership rights in this country are not absolute. The government can impose

taxes and restrictions on private ownership rights, and it can take private

property away altogether. In addition, other private parties can exert their rights

and interests on one's real property. A bank, for example, can take a property if

the owner fails to pay a mortgage. A neighbor can claim the right to walk across

one's property whether the owner likes it or not, provided he or she has done so

for a certain number of years.

In attempting to define real estate, it is essential to understand what rights and

interests parties have in a parcel of real estate. And to understand real estate

rights and interests, one must first recognize the distinctions between:

 land and real estate

 real estate and property

 real property and persnal pro[perty

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.