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Define Joint Venture in Real Estate

Joint Venture: 

Joint venture is a type of partnership where two or more people or companies work together on a specific project or business venture. Each partner contributes resources such as money, expertise, or labor to the venture, and they share in the profits or losses.

Example: 

For example, two real estate developers might form a joint venture to build a new apartment complex. One partner might contribute the land and financing, while the other partner provides the design and construction expertise. They would share in the profits or losses from the project.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

A joint venture is when two or more,
Work together to make something more.
They each bring something to the mix,
And share the profits from the fix.