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Updated See also links
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{{about|the business of buying, selling, and renting real property|the legal concept|real property|the indie rock band|Real Estate (band)|the 2018 Swedish film|The Real Estate}}
{{refimprove|date=January 2016}}
{{Property law}}
'''Real estate''' is "property consisting of land and the buildings on it, along with its [[natural resource]]s 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."<ref name="ReferenceA">"Real estate": Oxford English Dictionary online: Retrieved September 18, 2011</ref>
It is a [[law|legal]] term used in jurisdictions whose legal system is derived from English [[common law]], such as [[India]], the [[United Kingdom]], [[United States]], [[Canada]], [[Pakistan]], [[Australia]], and [[New Zealand]].
==Residential real estate==
Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.<ref>{{cite web|title=Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park|url=http://definitions.uslegal.com/r/residential-property/|publisher=US Legal}}</ref>
Residences can be classified by if and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
[[File:Gingerbread House Essex CT.jpg|thumb|Single-family detached house in [[Essex, Connecticut|Essex]], [[Connecticut]], USA.]]
[[File:Townhouses in Victoria Australia.jpg|thumb|A photograph of Townhouses in [[Victoria, Australia]]]]
;Major categories
* Attached / multi-unit dwellings
** [[Apartment]] (American English) or [[Apartment|Flat]] (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story [[apartment building]]s.
** [[Multi-family residential|Multi-family house]] – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
** [[Terraced house]] (a. k. a. ''townhouse'' or ''rowhouse'') – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
** [[Condominium]] (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are ''townhouse'' or ''rowhouse'' style condominiums as well. The British equivalent is a block of flats.
** [[Cooperative]] (a. k. a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.
* [[Semi-detached]] dwellings
** [[Duplex (building)|Duplex]] – Two units with one shared wall.
* Detached dwellings
** [[Detached house]] or [[single-family detached house]]
* Portable dwellings
** [[Mobile home]]s or [[residential caravan]]s – A full-time residence that can be (although might not in practice be) movable on wheels.
** [[Houseboat]]s – A floating home
** [[Tent]]s – Usually temporary, with roof and walls consisting only of fabric-like material.
The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of "living space", excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface area definition has been used. It can be described more roughly by the number of rooms. A [[studio apartment]] has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are common. (A bedroom is a separate room intended for sleeping. It commonly contains a bed and, in newer dwelling units, a built-in closet for clothes storage.)
;Other categories
* [[Chawls]]
* [[Villa]]s
* [[Havelis]]
The size of these is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.
See [[List of house types]] for a complete listing of housing types and layouts, [[real estate trends]] for shifts in the market, and [[house]] or [[home]] for more general information.
==Sales and marketing==
It is common practice for an intermediary to provide real estate owners with dedicated sales and marketing support in exchange for [[commission (remuneration)|commission]]. In North America, this intermediary is referred to as a [[real estate broker]] (or realtor), whilst in the United Kingdom, the intermediary would be referred to as an [[estate agent]]. In Australia the intermediary is referred to as a real estate agent or real estate representative or the agent.<ref>{{cite web|title=Glossary of Terms|url=https://reia.asn.au/consumers/glossary-of-terms/|website=Real Estate Institute of Australia (REIA)|accessdate=25 March 2018}}</ref>
{{clearleft}}
==See also==
{{col-start}}
{{col-break}}
* [[Buyer brokerage]] (in the [[United States|U.S.]])
* [[Buying agent]] (in the [[United Kingdom|UK]])
* [[Double closing]]
* [[Estate (land)]]
* [[FIRE economy]]
* [[Graduate real estate education]]
* [[Index of real estate articles]]
* [[Internal Revenue Code section 1031]]
* [[International real estate]]
* [[Investment rating for real estate]]
* [[Land lot]]
* [[Mortgage loan]]
{{col-break}}
* [[Net lease]]
* [[NNN lease]]
* [[Private equity real estate]]
* [[Estate agent|Real estate agent]] (in the UK)
* [[Real estate broker]] (in the U.S.)
* [[Real estate bubble]]
* [[Real estate appraisal]]
* [[Real estate development]]
* [[Real estate economics]]
* [[Real Estate Hegemony]]
* [[Real estate in China]]
{{col-break}}
* [[Real estate investment trust]]
* [[Real estate owned]]
* [[Real estate transaction]]
* [[Real estate transfer tax]]
* [[Real estate trends]]
* [[Real property]]
* [[Right to property]]
* [[Rural land sales]]
* [[Short sale (real estate)]]
* [[Specialized investment fund]]
* [[Subprime mortgage crisis]]
{{col-end}}
==References==
{{Reflist}}
==External links==
<!-- Wikipedia is not the place to advertise your business. Commercial links will be quickly removed -->
{{wikiquote}}
* {{Wiktionary inline}}
{{Real estate}}
{{Property navbox}}
{{DEFAULTSORT:Real Estate}}
[[Category:Real estate| ]]
{{about|the business of buying, selling, and renting real property|the legal concept|real property|the indie rock band|Real Estate (band)|the 2018 Swedish film|The Real Estate}}
{{refimprove|date=January 2016}}
{{Property law}}
'''Real estate''' is "property consisting of land and the buildings on it, along with its [[natural resource]]s 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."<ref name="ReferenceA">"Real estate": Oxford English Dictionary online: Retrieved September 18, 2011</ref>
It is a [[law|legal]] term used in jurisdictions whose legal system is derived from English [[common law]], such as [[India]], the [[United Kingdom]], [[United States]], [[Canada]], [[Pakistan]], [[Australia]], and [[New Zealand]].
==Residential real estate==
Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.<ref>{{cite web|title=Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park|url=http://definitions.uslegal.com/r/residential-property/|publisher=US Legal}}</ref>
Residences can be classified by if and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
[[File:Gingerbread House Essex CT.jpg|thumb|Single-family detached house in [[Essex, Connecticut|Essex]], [[Connecticut]], USA.]]
[[File:Townhouses in Victoria Australia.jpg|thumb|A photograph of Townhouses in [[Victoria, Australia]]]]
;Major categories
* Attached / multi-unit dwellings
** [[Apartment]] (American English) or [[Apartment|Flat]] (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story [[apartment building]]s.
** [[Multi-family residential|Multi-family house]] – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
** [[Terraced house]] (a. k. a. ''townhouse'' or ''rowhouse'') – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
** [[Condominium]] (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are ''townhouse'' or ''rowhouse'' style condominiums as well. The British equivalent is a block of flats.
** [[Cooperative]] (a. k. a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.
* [[Semi-detached]] dwellings
** [[Duplex (building)|Duplex]] – Two units with one shared wall.
* Detached dwellings
** [[Detached house]] or [[single-family detached house]]
* Portable dwellings
** [[Mobile home]]s or [[residential caravan]]s – A full-time residence that can be (although might not in practice be) movable on wheels.
** [[Houseboat]]s – A floating home
** [[Tent]]s – Usually temporary, with roof and walls consisting only of fabric-like material.
The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of "living space", excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface area definition has been used. It can be described more roughly by the number of rooms. A [[studio apartment]] has a single bedroom with no living room (possibly a separate kitchen). A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are common. (A bedroom is a separate room intended for sleeping. It commonly contains a bed and, in newer dwelling units, a built-in closet for clothes storage.)
;Other categories
* [[Chawls]]
* [[Villa]]s
* [[Havelis]]
The size of these is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.
See [[List of house types]] for a complete listing of housing types and layouts, [[real estate trends]] for shifts in the market, and [[house]] or [[home]] for more general information.
==Sales and marketing==
It is common practice for an intermediary to provide real estate owners with dedicated sales and marketing support in exchange for [[commission (remuneration)|commission]]. In North America, this intermediary is referred to as a [[real estate broker]] (or realtor), whilst in the United Kingdom, the intermediary would be referred to as an [[estate agent]]. In Australia the intermediary is referred to as a real estate agent or real estate representative or the agent.<ref>{{cite web|title=Glossary of Terms|url=https://reia.asn.au/consumers/glossary-of-terms/|website=Real Estate Institute of Australia (REIA)|accessdate=25 March 2018}}</ref>
{{clearleft}}
==See also==
{{col-start}}
{{col-break}}
* [[Buyer brokerage]] (in the [[United States|U.S.]])
* [[Buying agent]] (in the [[United Kingdom|UK]])
* [[Double closing]]
* [[Estate (land)]]
* [[FIRE economy]]
* [[Graduate real estate education]]
* [[Index of real estate articles]]
* [[Internal Revenue Code section 1031]]
* [[International real estate]]
* [[Investment rating for real estate]]
* [[Land lot]]
* [[Mortgage loan]]
{{col-break}}
* [[Net lease]]
* [[NNN lease]]
* [[Private equity real estate]]
* [[Estate agent|Real estate agent]] (in the UK)
* [[Real estate broker]] (in the U.S.)
* [[Real estate bubble]]
* [[Real estate appraisal]]
* [[Real estate development]]
* [[Real estate economics]]
* [[Real Estate Hegemony]]
* [[Real estate in China]]
{{col-break}}
* [[Real estate investment trust]]
* [[Real estate owned]]
* [[Real estate transaction]]
* [[Real estate transfer tax]]
* [[Real estate trends]]
* [[Real property]]
* [[Right to property]]
* [[Rural land sales]]
* [[Short sale (real estate)]]
* [[Specialized investment fund]]
* [[Subprime mortgage crisis]]
{{col-end}}
==References==
{{Reflist}}
==External links==
<!-- Wikipedia is not the place to advertise your business. Commercial links will be quickly removed -->
{{wikiquote}}
* {{Wiktionary inline}}
{{Real estate}}
{{Property navbox}}
{{DEFAULTSORT:Real Estate}}
[[Category:Real estate| ]]
