My entries and thoughts on douglas e. fleit
Any piece of land owned by a person, or persons or a company is referred to as real estate and any structure or growth on that property is a part of that real estate. In legal terms real estate refers to any immovable owned by a person. Property is divided into two major categories, which are referred to as commercial and residential. These two classes are further subdivided into several categories. The real estate business has become a major industry.