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estate by The Free Dictionary re·al estate rē′əl, rēl n. Land, including the resources in and on it, and the buildings and permanent fixtures attached to it. re′ales·tate′ adj. real. Real Lake Estate Board DPOR Virginia Department Bend of. Real Estate Board. The Real Estate Board licenses salespersons, brokers, and firms representing others in property transactions. The Board also enforces Fair Housing. Online Real Estate Education CBT Real Estate CBT Real Estate provides online real estate education to help with your license renewal and Hiawassee career needs. Visit our website to find out more about what we do.