Real estate, or immovable property, is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, 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. Property law, the area of the common law that governs real property, differs from contract law in that it focuses primarily on rights that one person holds over all other people, as opposed to specific individuals.
2006-09-24 19:35:58
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answer #1
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answered by TK 4
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Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water
2015-02-16 18:45:35
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answer #2
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answered by Cosmetic 1
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It is homes, condos, land or the buildings on it.
2006-09-24 19:35:53
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answer #3
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answered by Fall Down Laughing 7
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