Real Estate and Real Property are the common terms used when referring to an immovable property.

Real Estate as "real property" in the U.K.

The usage of "real property" by British people is often shortened to "property" and is generally referring to land and fixtures. On the other hand, the term "real estate" is commonly used in the context of their probate law which means, "all the interests in land held by a deceased person at death excluding interests in money arising under a trust for sale or charges on land".

French, Italian, Portuguese, Romanian, Spanish and German people called real estate as "immovable" while other property is called "movable"

In Mexico and Central America, real estate business is conducted in a different way from the United States. Despite the differences some similarities are also present which includes the variety of legal formalities, taxes need to be paid, legal paperwork that will ensure title and a neutral party like a title company that will handle the documentation and money in order to make a smooth transaction between parties. The only difference between Mexico and the United States is that each country has their own rules regarding where foreigners can buy. In Mexico, foreigners are not allowed to buy land of homes within 50km of the cost or 100km from the boarder, while in Honduras, they are allowed to buy beach properties. Real estate agents in Mexico do not need to have a license.

Real Estate Businesses

• Appraisal This is a kind of professional service where they offer valuation.

• Brokerages Consists of groups of professionals or brokers that assist the buyer and sellers in doing their transaction.

• Development They do the land improvements by adding or replacing building.

• Property Management They do the managing of a property for its owners.

• Real Estate Marketing They manage the sales side of the property business.

• Real Estate Investing They are managing the investment of real estate.

• Relocation services They are the ones relocating people or business from one place to another.

• Corporate Real Estate They are managing the real estate business of a corporation.

• Internet Real Estate This is a term coined by the internet investment community to ownership of domains.

Residential real estate

Housing Tenure is the term used for the legal arrangement for the right to occupy a dwelling.

Types of housing tenure

• Owner occupancy is also commonly called as Home Ownership. A type of housing tenure wherein an owner-occupier is the one who lives the house that he or she owns.

• Tenancy is the right to use a property in full or part under a rental agreement.

• Housing Cooperative is a corporation that owns a real estate. Their shareholders have the right to occupy one housing unit and are sometimes under an occupancy agreement that is similar to a lease agreement.

• Condominiums is a Multifamily housing project with individual units owned and occupied by the occupants. The occupants also own an undivided interest in the common areas and facilities of the said housing project.

• Public Housing is a form of housing tenure wherein a property is owned by the government.

• Squatting is an act of using or occupying an abandoned or unoccupied property like land, space or building wherein the occupying party or the squatter does not own or does not have the permission to occupy such property.