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The term "real estate" comes from the Latin words "res" meaning "thing" and "status" meaning "standing." It refers to property consisting of land and buildings.

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5mo ago

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What is another term for real estate?

Other words that can describe real estate are: land, real property, realty.


What does real estate taxes mean?

The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.


What is a property boom?

A property boom is a real estate and economic term. It is often used interchangeably with 'bubble.' During booms there are periods of aggressive growth in the real estate and land markets.


Do you need a license for property management in Massachusetts?

Real Estate License: Although not mandatory for property management activities such as leasing and renting, obtaining a real estate license in Massachusetts can be helpful for your long-term success as a property manager. It provides you with a foundational understanding of real estate laws and practices.


Is real estate and real property the same?

Yes. Real estate and real property are synonymous meaning land and and any improvements made to the land such as anything growing on it, permanently attached to or erected on it. Included is the bundle of rights attached to the property. Black's Law Dictionary lists real property as the primary term. Another term is realty. The legal meaning in the United States is based on English Common Law.


What does comparables mean when referred to as a real estate term?

Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined methods, when performing a real estate appraisal.


What Is Real Estate Property?

Real estate property is a term that refers to a parcel of land along with the improvements that are made to the piece of raw land. The improvements here can be buildings, walls, fencing and any other immovable structures that are fixed on this parcel of land. There are laws that govern such property and provide regulations and rules on any dealings with real estate property. Such laws are referred to as real estate law and they can vary depending on jurisdiction and locality. Different states and countries have different laws that govern real estate property. In real estate property there is commercial real estate which refers to developing of real estate property for sale as private property and this has grown into big business in many places all over the world. There are several distinct characteristics of real estate property because each parcel of land being dealt in real estate has different and unique characteristics. When doing business in with real estate property, you need a professional's opinion of the value of the property. A broker is a person who mediates and charges a fee for facilitating a real estate property transaction between two or more people. In some places real estate brokers need licenses but in other places they do need a license to operate but require a lawyer to facilitate the transaction. Real estate property can be residential which in this case involves having property that is aimed at being occupied by tenants or owners after making their payments for it. Residential real estate property is property such as tenancy housing units, condominiums, public housing units and such related properties. The development of residential real estate property is considered one of the best businesses and it requires a great deal of money to invest in it. You can build property such as apartments, townhouses or single family homes that are either for rent where the occupants are required to pay a monthly rate for occupying the house or develop the property for sale where willing buyers pay the selling price and own the property. Whichever development you choose you should first understand what real estate laws govern that in the location that you are developing the real estate property. If you are seeking to purchase real estate property, then you can also do the same by looking for real estate listings where you get information on the property you wish to purchase.


What is meant by the term commercial leasing?

Commercial leasing is the act of leasing commercial real estate. Commercial real estate is any form of property that is used only for business purposes.


Where is the term latches found in law?

In the US it is generally used in the practice of real estate law and is a term usually appliied to property rights.


What are the money benefits of investing in real estate?

Investing in real estate can provide financial benefits such as rental income, property appreciation, tax advantages, and potential for long-term wealth accumulation.


What are the benefits of investing in REITs or real estate for long-term financial growth?

Investing in Real Estate Investment Trusts (REITs) or real estate can provide long-term financial growth through potential appreciation in property value, regular income from rental payments, diversification of investment portfolio, and potential tax benefits.


What is commercial real estate?

Commercial real estate is a very simple question to answer after completing my current studies on this topic. Commercial real estate is a broad term and basically is any type of property other than a single family home or a residential building lot located in a neighbourhood.