Real estate is assets, land, houses, air rights over land, and underground and according to the laws that governs the rights under land. The word real estate is real or physical land. From the Latin language, the word “true” originates, which means “royal”, because the kings used to own all the land in their kingdoms.
Four types of real estate.
There are many types of real estate you can buy in Illinois, the most common types are the following: