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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a perso ...
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Real Estate Agent
A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency. Many states require written disclosures to be signed by all parties outlining the duties and obligations. Generally, real estate brokers or agents fall into four categories of representation: *Seller's agents, commonly called "listing brokers" or "listing agents", are contracted by owners to assist with marketing property for sale or lease. *Buyer's agents are brokers or salespersons who assist buyers by helping them purchase property. *Dual agents hel ...
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Natural Resource
Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and wildlife. Natural resources is a part of humanity's natural heritage or protected in nature reserves. Particular areas (such as the rainforest in Fatu-Hiva) often feature biodiversity and geodiversity in their ecosystems. Natural resources may be classified in different ways. Natural resources are materials and components (something that can be used) that can be found within the environment. Every man-made product is composed of natural resources (at its fundamental level). A natural resource may exist as a separate entity such as fresh water, air, as well as any living organism such as a fish, or it may be transformed by extract ...
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Condominium
A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex itself, as well as each individual unit within. Residential condominiums are frequently constructed as apartment buildings, but there are also rowhouse style condominiums, in which the units open directly to the outside and are not stacked, and on occasion "detached condominiums", which look like single-family homes, but in which the yards (gardens), building exteriors, and streets as well as any recreational facilities (such as a pool, bowling alley, tennis courts, and golf course), are jointly owned and maintained by a community association. Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the proper ...
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Tiny Homes
The tiny-house movement (also known as the small house movement) is an architectural and social movement that advocates for downsizing living spaces, simplifying, and essentially "living with less."Ford, Jasmine, and Lilia Gomz-Lanier. Family and Consumer Sciences Research Journal, 2017, ''Are Tiny Homes Here to Stay? A Review of Literature on the Tiny House Movement''. According to the 2018 International Residential Code, Appendix Q Tiny Houses, a tiny house is a "dwelling unit with a maximum of 37 square metres (400 sq ft) of floor area, excluding lofts." The term "tiny house" is sometimes used interchangeably with "micro-house". While tiny housing primarily represents a return to simpler living, the movement was also regarded as a potential eco-friendly solution to the existing housing industry, as well as a feasible transitional option for individuals experiencing a lack of shelter. This distinction is important as many people look to place tiny houses on empty lots, however ...
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Mobile Home
A mobile home (also known as a house trailer, park home, trailer, or trailer home) is a prefabricated structure, built in a factory on a permanently attached chassis before being transported to site (either by being towed or on a trailer). Used as permanent homes, or for holiday or temporary accommodation, they are often left permanently or semi-permanently in one place, but can be moved, and may be required to move from time to time for legal reasons. Mobile homes share the same historic origins as travel trailers, but today the two are very different, with travel trailers being used primarily as temporary or vacation homes. Behind the cosmetic work fitted at installation to hide the base, mobile homes have strong trailer frames, axles, wheels, and tow-hitches. History In the United States, this form of housing goes back to the early years of cars and motorized highway travel. It was derived from the travel trailer (often referred to during the early years as "house t ...
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Cottage
A cottage, during Feudalism in England, England's feudal period, was the holding by a cottager (known as a cotter or ''bordar'') of a small house with enough garden to feed a family and in return for the cottage, the cottager had to provide some form of service to the manorial lord.Daniel D. McGarry, ''Medieval history and civilization'' (1976) p 242 However, in time cottage just became the general term for a small house. In modern usage, a cottage is usually a modest, often cosy dwelling, typically in a rural or semi-rural location and not necessarily in England. The cottage orné, often quite large and grand residences built by the nobility, dates back to a movement of "rustic" stylised cottages of the late 18th and early 19th century during the Romantic movement. In British English the term now denotes a small dwelling of traditional build, although it can also be applied to modern construction designed to resemble traditional houses (" mock cottages"). Cottages may be ...
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Single-family Detached House
A stand-alone house (also called a single-detached dwelling, detached residence or detached house) is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. Definitions The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: * Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family, and consists of just one dwelling unit or suite. In some jurisdictions allowances are made for basement suites or mother-in-law suites without changing the description from "single family". It does exclude, however, any short-term accommodation (hotel, motels, inns), large-scale rental accommodation ( rooming or boarding houses, apartments), or condominia. * Detached (house, home, or dwelling) means that the building does not share wall with o ...
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Detached House
A stand-alone house (also called a single-detached dwelling, detached residence or detached house) is a free-standing residential building. It is sometimes referred to as a single-family home, as opposed to a multi-family residential dwelling. Definitions The definition of this type of house may vary between legal jurisdictions or statistical agencies. The definition, however, generally includes two elements: * Single-family (home, house, or dwelling) means that the building is usually occupied by just one household or family, and consists of just one dwelling unit or suite. In some jurisdictions allowances are made for basement suites or mother-in-law suites without changing the description from "single family". It does exclude, however, any short-term accommodation (hotel, motels, inns), large-scale rental accommodation ( rooming or boarding houses, apartments), or condominia. * Detached (house, home, or dwelling) means that the building does not share wall with ot ...
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Villa
A villa is a type of house that was originally an ancient Roman upper class country house. Since its origins in the Roman villa, the idea and function of a villa have evolved considerably. After the fall of the Roman Republic, villas became small farming compounds, which were increasingly fortified in Late Antiquity, sometimes transferred to the Church for reuse as a monastery. Then they gradually re-evolved through the Middle Ages into elegant upper-class country homes. In the Early Modern period, any comfortable detached house with a garden near a city or town was likely to be described as a villa; most survivals have now been engulfed by suburbia. In modern parlance, "villa" can refer to various types and sizes of residences, ranging from the suburban semi-detached double villa to, in some countries, especially around the Mediterranean, residences of above average size in the countryside. Roman Roman villas included: * the ''villa urbana'', a suburban or count ...
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Mansion
A mansion is a large dwelling house. The word itself derives through Old French from the Latin word ''mansio'' "dwelling", an abstract noun derived from the verb ''manere'' "to dwell". The English word '' manse'' originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way (compare a Roman or medieval villa). '' Manor'' comes from the same root—territorial holdings granted to a lord who would "remain" there. Following the fall of Rome, the practice of building unfortified villas ceased. Today, the oldest inhabited mansions around the world usually began their existence as fortified houses in the Middle Ages. As social conditions slowly changed and stabilised fortifications were able to be reduced, and over the centuries gave way to comfort. It became fashionable and possible for homes to be beautiful rather than grim and forbidding allowing for the development of the modern mansion. In British Eng ...
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Split-level Home
A split-level home (also called a bi-level home or tri-level home) is a style of house in which the floor levels are staggered. There are typically two short sets of stairs, one running upward to a bedroom level, and one going downward toward a basement area. History The style gained popularity in North America during the mid-20th century, as the suburbs expanded, beginning in the years after World War II, and has remained a popular housing style from the 1950s onward. Styles Split level The split level has two or three short sets of stairs, and three (tri-level) or four (quad) levels. The entry is on a middle floor between two floors. The front door opens directly into what is usually the formal living area, which is typically partially above ground level. Below that may be a small crawl space. The lower level is a finished area partially underground (approximately three feet below grade) and must have an outside entry door. Above the lower level are bedrooms. Sometimes a s ...
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Bungalow
A bungalow is a small house or cottage that is either single-story or has a second story built into a sloping roof (usually with dormer windows), and may be surrounded by wide verandas. The first house in England that was classified as a bungalow was built in 1869. In America it was initially used as a vacation architecture, and was most popular between 1900 and 1918, especially with the Arts and Crafts movement. The term bungalow is derived from the word and used elliptically to mean "a house in the Bengal style." Design considerations Bungalows are very convenient for the homeowner in that all living areas are on a single-story and there are no stairs between living areas. A bungalow is well suited to persons with impaired mobility, such as the elderly or those in wheelchairs. Neighborhoods of only bungalows offer more privacy than similar neighborhoods with two-story houses. As bungalows are one or one and a half stories, strategically planted trees and shrubs ...
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