California Department of Real Estate
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Real estate encompasses the land, plus any permanent man-made additions, such as houses and other buildings. Any additions or changes to the land that affects the property’s value are called an improvement.
- The physical characteristics of land include its immobility, indestructibility, and uniqueness, where each parcel of land differs geographically.
- These firms earn a commission for creating all marketing material and using their sales agents to sell the inventory of completed units.
- There are five main categories of real estate which include residential, commercial, industrial, raw land, and special use.
- Get information on what is taxed as real estate property and annual tax bills.
The earnings from investment in real estate are garnered from revenue from rent …