Real Estate

Biography

Real estate is a property consisting of land and the buildings on it, along with its natural resources such as growing crops, minerals or water, and wild animals; immovable property of this nature is real property or housing in general. In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals. The term real estate includes any land and buildings under private ownership, public (state) ownership or commercial (business) ownership. The purpose or usage of the real estate in question may differ from its ownership status. The property may be for residential or commercial use, used by the state, government or the general public. One example where ownership and purpose might differ would be an apartment block that is owned by a business but intended for residential use. In the United States, the transfer, ownership, or acquisition of real estate can be done by business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.

Bio from Wikipedia