real estate: ... immovable property which is basicallyland and that which is affixed to it naturally or by construction. Real estate is a legal term of property rights in land or in something attached to it. Land as real estate means the ground and its immovable attachments to which there has been assigned a commercial value or to which there is otherwise a legal title held by an owner(s). real estate as an industry classification or reference to a business or profession is addressed an article from 1911 published on line as Real Estate - Introduction To Real Estate (source) 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 — see the definition of property. related: terms
that begin with real estate as their first two words; real estate industry |
real estate industry: ... classification of the sector of an economy made up of enterprises and activities directly related to the creation of value of land and real property attachments by buying, selling, leasing, financing, and/or developing it; a type of business classification typically thought of in terms of brokers, investors and developers; however, there are commercial and industrial real estate asset management specialists within enterprises that don't buy and sell property as their primary income producing activity. The real estate industry is prominent in the enterprise and economic development process. See the definitions of real estate site and site selection. Examples of associations of people who work in the commercial and industrial real estate industry are CoreNet Global and the Industrial Asset Management Council. related: terms that begin with real estate as their first two words
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property rights: ... are rules about things that can be appropriated in a manner such that a party or parties has exclusive right to sell, lease, consume, or otherwise dispense with as ... allowed of people or owed to people, according to some legal system, social convention, or ethical theory (source of quote). The .network definition of real estate has a link to the Ayn Rand Lexicon which answers the question of what property rights are by stating that they are a ... source of all rights — and the right to property is their only implementation. Without property rights, no other rights are possible (source of quote). |
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01/12/2011 |