The History of Real Estate: How the Industry Evolved Over The Past Centuries

Real estate is the largest industry in the world. Has been since we started trading and bartering for pieces of land. Then trading and bartering to help build. Owning land and private property rights are one of the most important rights an American has. Real estate agents have been helping facilitate real estate transactions for hundreds of years.

The birth of real estate

Before there was a real estate industry, there was a real estate broker. A broker would help to facilitate land transactions. He helped to help get properties across state lines. He was an advisor on how to build new houses. He also worked to help get properties to buyers. These are some of the basic concepts to the history of real estate. Elements of real estate There are some essential elements to the real estate industry. These are what make up what you might recognize as real estate: land, a building or structure, and a buyer. But there’s more to it than that. An agent or broker would take the buyer’s information and find out what the property was worth. They would find a buyer for the property and negotiate for them to buy it. They would then help to sell the property to the buyer.

What is Real Estate?

Real Estate is the sale of any real property. For instance: a house, land, or business. This could be a property that you own, or it could be a property you lease. In some cases, a real estate agent can help guide you to the right property for the right price. These real estate agents can either be an owner, or they can work for a company like Keller Williams Realty. In Real Estate, Clients Choose The Agent A lot of clients choose an agent to help them buy or sell. Some of these agents are the owners of real estate companies, and some are just an independent contractor. Other agents just focus on selling homes, and some help their clients sell homes. When clients choose an agent, they don’t usually select the one they like the best. Clients choose the agent that they like the most.

The History of Real Estate

The History of Real Estate is an interesting history to learn about. That is if you take your real estate education seriously. Some people think that you can get a real estate license online. When in fact, you need a bachelor’s degree and hundreds of hours of real estate education to get licensed. A significant education. I am going to give you a brief overview of the history of real estate, its purpose and evolution over the past century or so. People have used real estate to build for hundreds of years. The first commercial real estate documents were written in 1730. Before that, people used land trusts to avoid paying property taxes. Land laws were in place before the US was even a country. For example, in England, every county had to have a public forest.

A Timeline of Major Events in the Industry

Things didn’t begin too badly. Before the turn of the 17th century, most people lived as tenant farmers with no way of keeping property beyond their immediate family. Things took a turn for the worse in the 1700s when wealthy landowners in Europe began seizing land from the peasants who had worked on it. Before long, a process called enclosure began to take hold in England. It caused a great deal of poverty in Ireland and Scotland. This process included tearing down homes and closing off ways to the sea. The process was dangerous and lead to a great deal of death and disease. Eventually, this process led to many people around the world in England. England’s government did not want this developing movement to develop. So, they began denying lands to the peasants.

How the industry evolved over the past centuries

Homes in the 1700s were built without plumbing and indoor plumbing was not even invented for another hundred years or so. The indoor plumbing first debuted around the turn of the 20th century. People were living in their homes for several hundred years before electricity. Real estate agents existed long before the current day. During the 1800s houses were built very quickly, in a matter of years, of bricks and stone. Buildings consisted of only two sides. The other side was just the outside. Houses with iron frames and flat siding and roofs were the standard. Roofs were made from straw to help protect them in the case of snow storms. Builders would also use straw to create shingles for the roof. As each home was built one would use only one piece of building material.

What is a real estate agent?

Before you have a deal, you need a real estate agent. Whether you’re buying a home or selling one, you need someone who knows the ins and outs of selling and buying homes. Where is your home? You can browse or search property listings on realtor.com. Here you can view rental homes, homes for sale, new homes, and homes in your desired location. How can you hire an agent? You can get in touch with an agent at any real estate broker’s office or through the MLS. What is a real estate broker? A real estate broker can help you find a property and a real estate agent who knows the market. You’ll often find brokers and agents working together to sell homes or help people find a property. Does my mortgage company need to approve my agent?

About the author: Real Estate Agent

I am the owner and employing broker at a real estate company located in Colorado. I was asked to be a guest blogger on Politically Social due to my work experience as a small business owner, a day trader and the owner of a real estate brokerage firm. I have spent most of my adult life as a person in tuned with the business world and studying the economy.