Livingandliving - Bida, Nigeria

Real estate management is primarily engaged in the practice of handling, supervising and controlling an immovable proprietary. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate management industry has evolved into several fields.

Real estate, or immovable property, is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property, as contrasted to personal property. However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.

With the development of private property  

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ownership, real estate has become a major area of business. This paved the way to the birth of real estate management. Also called real estate development industry, it is primarily engaged in the practice of handling, supervising and controlling an immovable property.

Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate management industry has evolved into several distinct fields. Among these fields are appraisal, brokerages, property management, and relocation services.