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.
Urban Planning and Land-Use Regulation
One of the defining characteristics of real estate is its fixed location, meaning each parcel of real estate is affected by the use of land around it. As a result, governmental restrictions on the use of private land are ubiquitous. Federal, state, and local government agencies all hire real estate graduates to help analyze real estate development patterns and develop efficient land-use policies.