An estate is theeconomic valuation of all the investments,assets,and interests of an individual. The estate includes a person’s belongings,physical and intangible assets,land and real estate,investments,collectibles,and furnishings.
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What do you mean by real estate?
Real Estate. By Investopedia Staff. Real estate is property made up of land and the buildings on it, as well as the natural resources of the land, including uncultivated flora and fauna, farmed crops and livestock, water and mineral deposits.
What is’real estate’?
What is ‘Real Estate’. Examples of residential real estate include undeveloped land, houses, condominiums and town houses; examples of commercial real estate are office buildings, warehouses and retail store buildings; and examples of industrial real estate include factories, mines and farms.
What are the types of real estate?
Real estate can include property, land, buildings, air rights above the land, and underground rights below the land. The term refers to real, or physical, property. As a business term, real estate also refers to producing, buying, and selling property.
What is the legal definition of estate?
BREAKING DOWN ‘Estate’. The word estate is colloquially used to refer to the all of the land and improvements on a very large property, often some sort of farm or homestead, or the historic home of a prominent family. However, in the financial and legal sense of the term, an estate refers to everything of value that an individual owns ?real…