Overzealous homebuilders can overbuild or reduce prices to encourage sales. Real estate brokers assist individuals, businesses, and investors in buying and promoting properties. The median annual wage for real estate sales brokers was $48,340 in May 2021. The lowest 10 p.c earned less than $28,270, and the highest 10 percent earned more than $102,a hundred and seventy.
- Examples include shopping malls, individual stores, workplace buildings, parking heaps, medical facilities, and hotels.
- As a business term, real estate additionally refers to producing, buying, and promoting property.
- NAR builds business innovation by investing in and connecting REALTORS® with companies transforming real estate.