Real estate law Term Paper Example | Topics and Well Written Essays - 2000 words

Real estate law - Term Paper Example In understanding the nature of commercial, as well as private real estate, it would first be imperative to understand what would constitute as a definition for the central factor in this case. As the real estate market would continue to see an onslaught of cases, involving the concerns of average consumers as to their ability to hold onto their properties at whatever cost, it would cause for a further examination of the laws presently in place for real estate at a level concerning homeownership and the steps that homeowners must take to save their homes and what they may face, both in their favor and what also may be against them as they seek to keep their dwellings. According to the dictionary accessed through law.com, the definition for real estate would be as follows, â€Å"land, improvements and buildings thereon, including attached items and growing things. It is virtually the same as "real property," except real property includes interests which are not physical such as a right to acquire the property in the future,† (â€Å"real estate†, p. 1). In observing the nature of real estate, such as how it would be connected, if anything, to the notion of real property, it would be assessed that, in terms of real estate, it would be all encompassing of various things that, with their given purposes, would require written laws to be available that would act as the governing body. In terms of its definition, commercial real estate law is defined as being a law that, â€Å"...governs real property -- immovable property like land, buildings and fixtures -- that is operated for profit. Commercial real estate includes any income generating property such as offices, shopping malls, restaurants, industrial parks, retail stores, and factories. Commercial real estate transactions are regulated by both federal and state laws. Although commercial real estate investment can be very profitable, there is always