Real estate is often considered synonymous with real property in contrast with personal property 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. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.

Cynthia Kurtz
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Edited by cynthia789 (05/07/09 10:43 PM)