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What are the 6 categories of real property?

Investors large and small soon learn there are seven major types of real estate, including residential, office, industrial-warehouse, hospitality, retail, agricultural and the remainder, catch-all category of special.

What is the most common type of real estate?

Residential real estate consists of housing for individuals, families, or groups of people. This is the most common type of estate and is the asset class that most people are familiar with. Within residential, there are single-family homes, apartments, condominiums, townhouses, and other types of living arrangements.

What is not an example of real property?

Generally, real property is real estate. It includes the land and any permanent improvements to the land like buildings, fences, landscaping, driveways, sewers, or drains. Personal property is all property that is not real property like automobiles, livestock, money, and furniture.

Why is it called real estate and not estate?

We call them real estate because that term is an etymological direct descendent of the Latin res to the Late Latin realis to the French reel to the early modern English real.

What are the three types of property?

In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property).

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