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real estate:

immovable property such as land and that which is affixed to it naturally or by construction. Land as real estate is the ground and its immovable attachments to which there is assigned commercial value or to which there is otherwise a legal title held by an owner(s). Legal definitions of real estate that are location specific often address property rights. The terms, sites, available buildings, facilities, location work and others are also defined in this glossary in the context of the of the mission of The Network.

Real estate is an industry classification. Also it is an expression used in reference to a business or profession. An article published in 1911 titled Real Estate - Introduction To Real Estate indicates, however, that its a business not a profession (source of quote).

PropEx.com offers a real estate glossary (PropEx Dictionary of Real Estate Terms). A similar glossary is available from the website of Ada County, ID.


related: property; real property; site selection; commercial and industrial real estate

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Economic Development Services, Inc. / copyrights and all rights reserved / 09/08/2012