A real estate is a property that consist of land and buildings and along it has natural resources such as crops, water or minerals and immovable properties of physical nature. Profession who buys, sells and rent land and building uses legal terms in the business of real estate which is applied in jurisdiction and they contain legal system that is derived from the English common law. In the street of real estate there are residential who are found there and they contain either single family or multifamily structure.
This structure is available for occupation or for the purpose of non-business. According to how the residence is connected to the neighboring residences and land it will depend on how they are classified House tenure are different but they can be used for the same physical type where residences who are connected are owned by a single entity and later leased out.
The sales and marketing of real estate is a common practice for an intermediary in order to provide to the owner of real estate with sales and marketing which are dedicated so as to support these estates in exchange for commission.
Different names are given to the intermediaries which differ to the type of continent and in North America the intermediary is referred to as real estate broker or realtor. In North America intermediary is referred to as real estate broker or realtor and many continent do refer the intermediary in a different way. In Australia, the intermediary is named a real estate agent or a real estate representative.
The attached or multi-unit dwellings, detached dwellings, semi-detached dwellings and portable dwellings are the major category of real estate. The first category of detached dwelling consists of the single-family detached house or detached house.
Duplex is a sub-division of semi-detached dwellings which has two units sharing one wall. Mobile homes where full time residence who uses movable wheels is a sub-division of portable dwellings, houseboats is another sub-division which is a floating home and tents which have temporary roof and a fabric wall.
Finally, the attached dwelling is sub-divided into apartment, multi-family-house, terraced house, cooperative and condominium. The cooperative is type of multiple ownership which the residents of attached dwellings own the property and they have the right to occupy a specific apartment. The condominium is a type of attached dwellings where the building is similar to that of apartment but the buildings are owned by the individual. The type of apartment is an individual unit and it has boundaries that are defined by the perimeter of lockable doors. In multi-family house each floor of the unit has a separate apartment. The terraced house consists various numbers of single units which has a continuous row but sharing the same wall and there is no intervening space.