Real estate is “Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing.
It is important to understand that although the term ‘real estate’ is often used when referring to buying or selling homes, houses or condos, it really means “The land and any improvements built upon it.”
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