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The real estate industry is essentially a service business. There is no product to manufacture, assemble, or sell. The current or prospective owner of a property employs or contracts professionals to perform various functions, including real estate sales, management, development, leasing, and appraising. The types of properties handled by real estate professionals include houses, condominiums, apartments, farms, vacant land, office buildings, stores, shopping centers, warehouses, factories, and other industrial properties.
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