Yes, “real estate” is typically written as two words, and it refers to land and any structures or buildings that are permanently attached to it. It is a compound noun, which means it is made up of two separate words that function as a single unit. The term “real” refers to property that is fixed and immovable, while “estate” refers to the ownership rights associated with the property. So when referring to the industry or concept of buying, selling, and managing property, it is correct to write “real estate” as two separate words.