According to Richard Josephberg Almorli Capital, real estate development is the management and coordination activity of different agents and activities involved for the creation of a real estate, in order to satisfy a building need. Such activity is highly risky and therefore this risk is expected to be compensated.

It is important to specify that the word "developer" does not exist in Spanish. This term has been used for the translation of the English term "Property Development" or "Real Estate Development". The correct term is that of real estate developer. However, consider the Spanish language as a living and changing entity, so both terms will be used interchangeably in the course of the book.

The real estate developer is essentially responsible for finding an unsatisfied building need and satisfying it. It is a very abstract term that can be landed through examples.