Chapter16: Real Estate And High-risk Investments
Section: Chapter Questions
Problem 2LTAI
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Question
Which are Some underlying facts regarding the real estate industry?
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Step 1
Real estate industry comprises of activities such as development, appraisal, constructing, marketing, selling , leasing or renting of properties for residential, commercial , industrial or agricultural purposes. This is one of the evergreen industries where the activities may never cease to exist even though there may be some volatility due to economic conditions.
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