A real estate agent is a licensed skilled who arranges real estate transactions, matching buyers and sellers and appearing as their representatives in negotiations. The phrases land, real estate, and real property are sometimes used interchangeably, but there are distinctions. The inventory market crash of 1929 and the Great Depression in the U.S. triggered a significant drop in real estate price and costs and in the end resulted in depreciation of 50% for the four years after 1929. One of the most important preliminary real estate deals in history often recognized as the “Louisiana Purchase” happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the best way for western growth and made the us the homeowners of the “Louisiana Territory” because the land was purchased from France for fifteen million, making every acre roughly four cents.
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