Which level of government primarily regulates the real estate business?

The primary regulation of the real estate business is largely handled by the state legislature. This level of government has the authority to enact laws and regulations that govern real estate practices, including licensing of real estate professionals, property rights, and real estate transaction regulations. Each state has its own set of real estate laws that can vary significantly, reflecting local market conditions and community needs.

State legislatures establish the framework for real estate law, including defining the roles and responsibilities of real estate agents, brokers, and other professionals in the industry. This oversight ensures that real estate transactions are conducted in a fair and lawful manner, protecting both buyers and sellers in the market.

While other government levels, such as local or federal, do play roles in certain aspects of real estate (like zoning laws at the local level or housing policies at the federal level), it is the state legislature that is primarily responsible for the comprehensive regulation of the overall real estate business.