The real estate business is regulated or influenced by the federal, state, and local governments:
Local government impacts the real estate business through property taxation and regulatory activities such as occupational licensing, business tax receipts, building permits , building moratoriums, zoning, and building codes.
State government owns and manages a large amount of property and identifies coastal regions and other areas that are protected from development. State documentary and intangible taxes are required when ownership to real property is transferred or pledged as collateral for mortgage.
The federal government impacts the real estate nosiness through its fiscal and monetary policies. Various agencies influencing the real estate field include the monetary policies. Various agencies influencing the real estate field include the Department of Housing and Urban development (HUD) , the Federal Housing Administration (FHA) ,The Department of veterans Affairs (VA) , the Environmental Protection Agency (EPA), and the Internal Revenue Service(IRS).