real estate

Real estate
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Property law
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
Allodial title · Fee simple · Fee tail
Life estate · Defeasible estate
Future interest · Concurrent estate
Leasehold estate · Condominiums
Conveyancing of interests in land
Bona fide purchaser · Torrens title
Estoppel by deed · Quitclaim deed
Mortgage · Equitable conversion
Action to quiet title
Limiting control over future use
Restraint on alienation
Rule against perpetuities
Rule in Shelley's Case
Doctrine of worthier title
Nonpossessory interest in land
Easement · Profit
Covenant running with the land
Equitable servitude
Related topics
Fixtures · Waste · Partition
Riparian water rights
Lateral and subjacent support
Assignment · Nemo dat
Other areas of the common law
Contract law · Tort law
Wills and trusts
Criminal Law · Evidence
Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
Contents[hide]
1 Etymology
2 British, French, Italian, Portuguese and Spanish usages of the term
3 Business sector
4 Levels
5 Mortgages in real estate
6 Real estate in Mexico and Central America
7 See also
8 References
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[edit] Etymology
In law, the word real means relating to a thing (from Latin res/rei, thing), as distinguished from a person. Thus the law broadly distinguishes between "real" property (land and anything affixed to it) and "personal" property (everything else, e.g., clothing, furniture, money). The conceptual difference was between immovable property, which would transfer title along with the land, and movable property, which a person would retain title to. (The word is not derived from the notion of land having historically been "royal" property. The word royal — and its Portuguese cognate real — come from the related Latin word rex-regis, meaning king.).

[edit] British, French, Italian, Portuguese and Spanish usages of the term
In British usage, however, “real property”, often shortened to just “property”, refers rather to land and fixtures as such while the term “real estate” is used mostly in the context of probate law, and means all interests in land held by a deceased person at death excluding interests in money arising under a trust for sale of or charged on land.[1]
In French, Italian, Portuguese and Spanish, real estate is called "immovables" (immobilier in French, immobili in Italian, imóvel in Portuguese and inmueble in Spanish); other property is called "movables" (mobilier and mueble).

[edit] Business sector
With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include:
Appraisal - Professional valuation services
Brokerages - Assisting buyers and sellers in transactions
Development - Improving land for use by adding or replacing buildings
Property management - Managing a property for its owner(s)
Real Estate Marketing - Managing the sales side of the property business
Real Estate Investing - Managing the investment of real estate
Relocation services - Relocating people or business to a different country
Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate.
"Internet Real Estate" is a term coined by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Many internet companies actually use the address of properties as domain names.

[edit] Levels
According to The Economist, "developed economies'" assets at the end of 2002 was
Residential property: $48 trillion
Commercial property: $14 trillion
Equities: $20 trillion
Government bonds: $20 trillion
Corporate bonds: $13 trillion
Total: $115 trillion
That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate assets. Assets not counted here are bank deposits, insurance "reserve" assets, and human assets; also it is not clear if all debt and equity investments are counted in the categories equities and bonds. For US asset levels see FRB: Z.1 Release-- Flow of Funds Accounts of the United States.

[edit] Mortgages in real estate
In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings.
In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgage loans (or other instruments). These are loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because, if the borrower does not make payments, the lender can foreclose by filing a court action which allows them take back the property and sell it to get their money back. For investors, profitability can be enhanced by using an off plan or pre-construction strategy to purchase at a lower price which is often the case in the pre-construction phase of development.
But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry, as such, either does not exist at all or is only available to members of privileged social classes.

[edit] Real estate in Mexico and Central America
Real estate in Mexico and Central America is different from the way that it is conducted in the United States.
Some similarities include a variety of legal formalities, (with professionals such as real estate agents generally employed to assist the buyer); taxes need to be paid (but typically less than those in U.S.); legal paperwork will ensure title; and a neutral party such as a title company will handle documentation and monies in order to smoothly make the exchange between the parties. Increasingly, US title companies are doing work for US buyers in Mexico and Central America.
Prices are often much cheaper than most areas of the U.S., but in many locations prices of houses and lots are as expensive as the US, one example being Mexico City. U.S. banks have begun to give home loans for properties in Mexico, but, so far, not for other Central American countries.
One important difference from the United States is that each country has rules regarding where foreigners can buy. For example, in Mexico, they cannot buy land or homes within 50km of the coast or 100km from a border, while, in Honduras, they may buy beach front property. There are also different special rules regarding certain types of property: ejidos - communally held farm property - cannot be sold to anyone, but that does not prevent them from being offered for sale.
Many websites advertising and selling Mexican and Central American real estate exist, but they may need to be researched.

[edit] See also

Look up Real estate inWiktionary, the free dictionary.
Neighborhood Watch
Housing bubble
List of real estate topics
Property rights
Real estate broker (in the USA) and Estate agent (in the UK)
Buyer brokerage (in the USA)
Buying agent (in the UK)
Real estate appraisal
Real estate economics
Real estate pricing
Real estate trends
Real property
1031 exchange, IRC 1031 Tax-Deferred Exchange
Real estate transfer tax

[edit] References
^ Oxford Dictionary of Law (4th edition), New York: Oxford University Press, 1997; See also Estate in land
Retrieved from "http://en.wikipedia.org/wiki/Real_estate"
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Category:Real estate
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This category requires frequent maintenance to avoid becoming too large
It should list very few (if any) article pages directly, and should mainly contain sub-categories.
Articles in this category should be moved to subcategories where appropriate.
The main article for this category is Real estate.
Contents
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Subcategories
There are 10 subcategories in this category, which are shown below. More may be shown on subsequent pages.
A
[+] Australian real estate
B
[+] Real estate brokers
[+] Business brokers
B cont.
[+] Businesspeople in real estate
C
[+] Real estate companies
[+] Condominiums
[+] Construction
H
[+] Housing
I
[+] Real estate industry trade groups
[+] Real estate investment trusts
Pages in category "Real estate"
There are 190 pages in this section of this category.
Immovable property
*
Real estate
Mortgage insurance
Real estate owned
Rural Land Sales
Igglo
Real estate transfer tax
1
1031 exchange
1916 Zoning Resolution
1:5:200
3
311 Foreclosure Prevention Programs
7
72-hour clause
A
Absentee landlord
Abstract of title
Acre
Adjustable rate mortgage
Adjusted Basis (real estate)
Adverse possession
Affordable housing
Al Raha
Allodial title
Alon Kastiel
Amenity
Amortization (business)
Amortization calculator
Amortization schedule
Andover Estate
Antichresis
Apartment
Appraisal Institute
AsiaPac International
Assignment (law)
Association law
Assumed mortgage
Azam Meo
B
Bargain and sale deed
Bedsit
Bedspace
Bluegreen Communities
Boston Realty Advisors
Boutique brokerage
Bouwfonds
Bridge loan
Building
Building code
Building regulations in the United Kingdom
Bundle of rights
Burlington Company
Buyer agency agreement
Buyer brokerage
Buying agent
C
CC&Rs
Cadastre
Capitalization rate
Car condo
Certified Mortgage Planner
Certified Property Manager
Chain (in selling a house)
Chinese property bubble
Cingapura project
Closing (real estate)
Closing cost
Roger L. Cohen
C cont.
Commercial Information Exchange
Commercial Mortgage Securities Association
Commercial building
Commercial property
Community management company
Commuter village
Comp Check
Comparables
Conditional limitation
Conditional sale
Condo conversion
Condominium
Conveyancer
Conveyancing
Cost of Funds Index
Cost segregation study
County surveyor
Coving (urban planning)
Creative financing
Creative real estate investing
Credit tenant lease
Crown land
Customary freehold
D
DIX Deutscher Immobilien Index
DOMP
Damage deposit
David Lereah
Days on market
Debt service coverage ratio
Decorative Allowance
Deed in lieu of foreclosure
Defeasible estate
Design-build development
Discount brokerage
Discounted cash flow
Dockominium
Domania
Dominant estate
Dominion Land Survey
Double closing
E
E-PRO
EK Real Estate Group
ERealty
Earnest payment
Economic appraisal
Emphyteutic lease
Encumbrance
Equestrian property
EquiStar Group
Equity stripping
Escape clause
Escrow instructions
Estate (house)
Estate agent
Eviction
Exchanging contracts
Extraterrestrial real estate
F
FHA loan
FIABCI
Family farm
Farm property
Fazenda
Federal Home Loan Mortgage Corporation
Federal Housing Administration
F cont.
Fee simple
Feoffee
Feu
Fiefdom
First American Corporation
Flat fee MLS
Flex space
Flipping
Floor Area Ratio
For sale by owner
Foreclosure
Foreclosure consultant
Foreclosure data provider
Foreclosure investment
Form-based codes
Freedom to roam
Friendswood Development Company
Frontage
Future interest
G
Gated community
General contractor
Gentrification
German income approach
Golf property
Government National Mortgage Association
Grant deed
Grantor-grantee index
Green belt
Gross Rent Multiplier
Ground rent
Guaranteed home sale
H
Habitability
Hacienda
Hard money lender
Hedonic regression
Highest and best use
Holidaylettings
Home equity loan
Home staging
Home.co.uk
Homeowners' association
Homestead exemption
Homestead exemption in Florida
Housing cooperative
Housing equity partnership
Housing estate
Housing in Portugal
Housing society
Hybrid real estate
I
Idem sonans
Implied warranty of habitability
Imputed rent
Income approach
Indian property bubble
Internet Data Exchange
Internet Listing Display
J
Jack and Jill bedroom
Jackson's Landing
Jeonse
Jet-to-Let
Justice for Janitors
K
Knight Frank LLP
L
LARs (Lenders, Attorneys, Realtors, and other Real Estate Professionals)