What is a real estate definition? The definition of real estate includes that which is “built upon the market.” Thus, real estate development includes any project designed to create real estate bundaberg. In order for a project to meet this definition, it must be residential, non-natural habitat, productive and economic (income-producing).
The term real estate agent is often used interchangeably with real estate developer. The roles and responsibilities of both are the same. Real estate developers in Pakistan often build real estate projects for local Pakistani communities as well as organizations that wish to develop projects in Pakistan.
Real Estate Definition
Many times they are also hired by large international real estate firms wishing to enter Pakistan to build projects for their local Pakistani clients. A real estate developer can be an individual or a company that specializes in the procurement and development of real estate projects.
The role of a real estate agent is slightly different from that of a developer. An agent is a representative of the buyer, helping them in making the purchase decision as well as facilitating the closing of the deal after the transaction is complete.
Some agents work independently and others are part of a team of professionals who all assist the buyer in finding the right real estate property. There are even real estate agents who will actively seek buyers to develop projects for their clients. This is not an uncommon practice in developing countries like Pakistan.