Real Estate
The words "Real
estate" refer to legal terminology which is used
to describe land, and anything which is (permanently) attached to
the land, such as buildings, houses, flats, apartments, units, duplex's
and homes. .
Real estate, or immovable property is often referred to as real
property, and on some occasion realty. This is in contrast with
personal property, or chattel or personalty.
For technical purposes, some people prefer to distinguish real
estate, referring to the land and fixtures themselves, from real
property, referring to ownership rights over real estate.
The terms real estate and real property are used primarily in common
law, while civil law jurisdictions refer instead to immovable property.
In recent years, many economists have not recognized that the lack
of effective real estate laws can be a significant barrier to investment
in many developing countries. In most societies, rich or poor, a
significant fraction of the total wealth is in the form of land
and buildings. In most advanced economies, the main source of capital
used by individuals and small companies to purchase and improve
land and buildings is mortgages -- bank loans for which the real
property itself constitutes collateral.
In spite of the name, real estate has no connection with the concept
of reality (in other words, the law does not consider real property
more "real" than personal property). It derives instead from the
feudal principle that in a monarchy, all land was considered the
property of the king. Thus originally the term real estate was equivalent
to "royal estate", real originating from the French royale, as it
was the French-speaking Normans who introduced feudalism to England
and thus to the English language; cognate to Spanish real.
Since the development of private property ownership, real estate
has become a major area of business. Purchasing real estate requires
a significant investment, and each parcel of land has unique characteristics,
so the real estate industry has evolved into several distinct fields.
Specialists are often called on to valuate real estate and facilitate
transactions.
There are many, many kinds of real estate businesses. These can
include:
- Real Estate Appraisal - Professional valuation services
- Real Estate Website - Sites which host adverts for property
for sale .. like smartvendor!
- Real Estate Brokerages - These assist buyers and sellers in
transactions
- Real Estate Development - Improving land for use by adding or
replacing buildings
- Property management - Managing a property for its owner(s)
- Construction - Building real estate and property
A business scan specialise in a particular type of real estate,
such as residential, commercial, or industrial property, or they
can offer a combination of services.
smartvendor offers a real
estate service to vendors wishing to sell their homes privately.
More:
Real
Estate Links
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Real Estate Links
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More Real Estate Links
Real Estate - Wikipedia
Definition
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