Real estate is a legal term (in
some jurisdictions, notably in the USA) that encompasses land along
with anything permanently affixed to the land, such as buildings. Real
estate is often considered synonymous with
real property (also sometimes called
realty), in contrast with personal property (also sometimes called
chattel or
personalty).
However, in some situations the term "real estate" refers to the land
and fixtures together, as distinguished from "real property," referring
to ownership rights of the land itself.
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