Contrary to what many people may first think, “real estate” encompasses far more than simply the residential brokers that help you buy and sell your home. In fact, the term refers to a much broader industry, including developers, financial analysts, corporate real estate officers, property managers, appraisers, and more.
Development involves the subdivision of land and the construction of improvements such as roads, utilities and buildings to transform vacant or underutilized property for a new, more valuable use. Developers may specialize in land or building development, and may further specialize in the development of a particular type of property.
Real estate development is an exciting career that requires a solid understanding of every aspect of the real estate industry—and more than a little bit of luck.