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REAL ESTATE FAQ

( 1 ) what is real property?
Real property is all land, structures, firmly attached and integrated equipment, anything growing on the land, and all "interests" in the property,
Real property can be also called immovable property because of its fixity and immovability.
Real property exists in three forms. They are land, structures (buildings) and the integrated form of land and structures. So in the auction of real property, the object can be any of these three forms.
( 2 ) What are the characteristics of real property?
Real property has the following characteristics,
(1) The fixity and immovability in position.
(2) The long-term of use.
(3) The variety of influential factors.
(4) The large quantity of investment.
(5) Inflation-proof and increment.
( 3 ) What are the sorts of real property?
Since real property consists of land and the structures built thereon, it can be sorted as the following:
According to the use of land.
(1) Land for residence.
(2) Land for public services (including business).
(3) Land for industry.
(4) Land for storage.
(5) Land for transportation.
(6) Land for roads and squares.
(7) Land for municipal affairs.
(8) Land for virescence.
(9) Land for special use.

According to the use of buildings.
(1) Building for residence (house).
(2) Workshop and storehouse.
(3) Marketplace and shop.
(4) Office building.
(5) Hotel and lodging.
(6) Building for entertainment.
(7) Building for government and public service.
(8) MPB(multi-purpose building).

( 4 ) What is real property industry?
It's an industry engages in developing, managing real property.
The industry deal with the following businesses:
(1) Sale of usufruct of state-owned land, development and re-development of real estate, such as requisition of land, removal and resettling, city planning and construction.
(2) Management of real property, including sale, rent, mortgage of land and houses.
(3) Agent services, including consultation, evaluation, broking and realty management.
(4) Regulation and administration of real property. It consists of establishing the market for funds, tech, labor and informations, setting reasonable prices, designing related laws and regulations.
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