Auctioneers, as well as almost everyone else, use the term “real estate” to indicate what is for sale, what is being sold at auction, what someone purchased, or what someone is looking for. For that matter, those who work in the real estate business representing sellers and buyers are known as “real estate” agents.
The term “real estate” is prevalent in our language, but is sometimes misused. Yes, those are probably real estate agents, and yes, there are real estate laws, and yes, there is real estate all around us. Yet, real estate, when buying or selling, has no value at all.