Sunday, 20 May 2012
Home Education Did You Know? Origination of the Term "Real Estate", What Does It Mean and Why Is A Land Called "Real Estate"
Origination of the Term "Real Estate", What Does It Mean and Why Is A Land Called "Real Estate" PDF Print E-mail
Written by http://www.bigsiteofamazingfacts.com   
Tuesday, 15 November 2011 12:56

Real estate is a piece of land that includes the air above it, the ground below it, and any building or structure on it.

 

 

The term was first used in 1666 England. In 1670, the word "realty" surfaced to mean the same thing.


 

Real estate means "actual" or "genuine" and estate, of course, means "property".

 

Real estate became a legal term to identify a royal grant of estate land from the king of England.

 

In England, a real estate broker or Realtor is called a land agent.
 

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