ABSTRACT
The business has either purchased that land and constructed a building on the property or leased the property from a real estate company. Real estate plays a vitally important role in the business world and in the country's economy. The real estate market has impacted virtually every story in business reporting, from the stock market to lending to personal finance. Commercial real estate can be divided into several categories. Residential real estate can also be important for business, particularly developers, such as D. R. Horton Incorporated, that build subdivisions. Local governments typically must first approve the construction plans before dirt is broken and concrete is poured. The zoning application process and the planning application process should be followed from beginning to end, particularly for large commercial developments that may mean hundreds of new jobs for an area and new subdivisions that will add hundreds of homes to a community.
