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.
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