Real estate is real property that consists of land and improvements, which include buildings, fixtures, roads, structures, and utility systems. Property rights give a title of ownership to the land, improvements, and natural resources such as minerals, plants, animals, water, etc. Types of Real Estate There are several types of real estate, each with a unique purpose and utility. The main categories are: Land Residential Commercial Industrial For anyone looking to understand how the industry works and what each of the major categories represents, the explanations below will be a helpful guide.…
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