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California Department of Real Estate

Within residential, there are single-family homes, apartments, condominiums, townhouses, and other types of living arrangements. In terms of law, real is in relation to land property and is different from personal property while estate means the “interest” a person has in that land property. Investing in Real Estate indirectly is done through a real estate investment trust , a company that holds a portfolio of income-producing real estate. There are several types of REITs, including equity, mortgage, and hybrid REITs, and are classified based on how their shares are bought and sold, such as publicly-traded REITs, public non-traded REITs, and private REITs. Real estate is real property that consists of land and improvements, which include buildings, fixtures, roads, structures, and utility systems.

  • The most common examples are accountants, lawyers, interior designers, stagers, general contractors, construction workers, and tradespeople.
  • Multi-family house – Often seen in multi-story