Real estate refers to the property comprising land and buildings, as well as any natural resources on or beneath them, such as crops, water, minerals, and fauna. Real estate can be classified into four main types: residential, commercial, industrial, and agricultural. Residential real estate includes houses, apartments, and condominiums; commercial real estate includes retail stores, office buildings, and hotels; industrial real estate includes factories, warehouses, and laboratories; and agricultural real estate includes farmland and ranches. Real estate is bought, sold, and leased through real estate agents or brokers, and various legal documents are involved in the transaction, such as a purchase agreement, deed, and mortgage. The real estate industry is critical to the economy, generating employment, revenue, and taxes for the government.

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