Please forward this error screen to 64. Real Estate Law Types of real estate investments term real estate generally refers to ownership or use of land.
Real estate law is a branch of civil law that covers the right to possess, use, and enjoy land and the permanent man-made additions attached to it. Real estate law directly or indirectly impacts most of us on a daily basis, affecting homeowners, renters, landlords, home buyers and home sellers. In the United States, every state has exclusive jurisdiction over the land within its borders. Each state has the power to determine the form and effect of a transfer of real property in its jurisdiction.
As a result, state law requirements vary significantly from state to state. There are generally two types of property: real property and personal property. Most of the legal concepts and rules associated with both types of property are derived from British common law. Back then, “real property,” often shortened to just property, generally referred to land and fixtures upon land.