Respuesta :
Real estate is not liquid over a short period of time. Hence, option (b) will be regarded as the suitable option.
Give a brief account on Real estate.
Real estate can be defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate. It varies from personal property, which includes things like farm machinery, boats, jewels, furniture, and cars that are not anchored to the ground.
Types :
- Real estate used for residential purposes includes all land and buildings. As examples, single-family homes, condominiums, cooperatives, duplexes, townhouses, and multifamily buildings can be used.
- Commercial real estate includes any property used only for commercial activities, including office buildings, retail stores, hospitals, hotels, restaurants, parking garages, shopping malls, and theaters.
- Industrial real estate includes any property utilized for production, distribution, storage, manufacturing, and R&D.
- Land : Agricultural lands including farms, orchards, ranches, and forestry are included here, as well as undeveloped real estate and vacant land.
- Special purpose: Property has a special function, such as cemeteries, public buildings, libraries, parks, houses of worship, and schools.
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