The first record of real estate sales in the United States appeared in the 1890’s. But have you ever considered what happened before then? How did people buy, sell, or acquire land and property? Who was in charge of facilitating a transaction? Our team at Cevado went on a hunt for answers. Here are a few fun facts and dates about real estate in history!
In 334 BC, Alexander the Great conquered the Persians, expanding his real estate across many, many countries.
In 1066, William the Conqueror decreed that he owned all of England after defeating the Normans.
The Mongolian Empire lasted from 1206 – 1386. It was the largest Empire in history, starting with Genghis Khan conquering Xi Xia, and then invading Northern China in search of real estate – especially rich rice fields.
In 1768, Napoleon began seizing real estate by whole countries.
Fast forward a little more: the United States was still in its infancy when it purchased a giant piece of real estate from France, featuring swamp lands, waterfront property and rich farming soil. Back then, the 800,000 square miles sold for $15 million. Most concur that nowadays, the Louisiana purchase would be worth $1.2 trillion or more.
In 1867, the United States purchased Alaska and all its icy tundra greatness from Russia at roughly 2 cents per acre!
Then in 1916, the newly-formed National Association of Real Estate Agents coins the term “Realtors.”
*Fun fact: before the National Association of Real Estate Agents came together to connect brokers and agents, there was no need for certification: agents would just place cards and signs in the yards of homes as their way of gaining seller leads. The slang term for agents was “curbstoners” – now that term refers to a car dealer posing as a private seller to avoid the standards and regulations you would find at a car dealership.
We hope our brief history lesson helped you learn a thing or two about how your career came to be! Our entire team at Cevado so appreciates all that you do to serve the important and meaningful industry of real estate. Thank you for the opportunity for allowing us to serve YOU by providing the most current and helpful technology in the industry. Your business is incredibly valued.