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Real estate, or immovable property, is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.

The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. Property law, the area of the common law that governs real property, differs from contract law in that it focuses primarily on rights that one person holds over all other people, as opposed to specific individuals.

Background


In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. However, in many developing countries, there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes.

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Claussen Walters and Associates - Gives profile of this real estate company, as well as listing of properties for sale with photos and prices. Office locations in Lunenburg, Chester, Shelburne, Mahone Bay and Margaree Forks.
Meta Description: [ Nova Scotia luxury, ocean and waterfront real estate experts at your service - Claussen Walters and Associates. Presenting some of the finest Nova Scotia real estate. ]

Exit Realty - A full service real estate brokerage offering recreational and residential properties. Includes property listings, company background, and contact details for their offices.

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Nova Scotia Association of Realtors - The association represents brokers, salespeople, affiliates and members. Offers information on buying, selling, realtor locator, a homeguide and news.

Nova Scotia Real Estate Appraisers Association - Provides current information about appraisers and professional development. Lists members, education, membership, professional development, newsletter, bulletin board and contact details.
Meta Description: [ Providing you with current information about designated appraisers, on-line applications, professional development, and more... ]

Nova Scotia Real Estate Commission - The provincial real estate watch dog. It protects consumers by establishing standards and promoting competence and integrity. Lists members, news, consumer information, acts, bylaws, publications and contact details.
Meta Description: [ Nova Scotia Real Estate Commission, regulator of the Nova Scotia Real Estate industry. ]

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Real Estate HomeGuide - A weekly publication of the Nova Scotia Association of Realtors. Offers to deliver a free copy, plus the week's open houses. Links to NSAR listings and Multiple Listing Service Canada listings. Uses Adobe Acrobat.

Residential Tenancies Program - Offers information on the Residential Tenancies Act and regulations, legislation, forms, and information booklets. Describes services, applications and office locations.

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