Real estate is land along with any permanent improvements attached to the land whether natural or manmade. Real Estate is different from personal property, which is not permanently attached to the land, such has vehicles, boats, jewellery, tools and furniture. Real estate is form of real property. It has five main categories Residential, Commercial, Industrial, raw land, and special use. Real property is one of the two main classifications of property, is the interests, benefits and rights inherent in the ownership of real estate. Real property should not be confused with personal property, basic characteristic of personal property that its moveable. Any property used exclusively for business purposes, such as apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.
Issues with this site? Let us know.