Gourt > Regional > North America > United States > South Carolina > Business and Economy > Real Estate (3)
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. More on [ Real estate ]
Real Estate :: Business and Economy
Real Estate :: Business and Economy
Fed: Economy 'soft' in July
Fri, 05 Sep 2008 00:59:00 -0400
Economic activity in the Federal Reserve's Fifth District, which includes South Carolina, remained weak in late July and August, according to the Fed's latest report on business conditions around the country.
County taps landfill to generate electricity
Fri, 05 Sep 2008 01:33:00 -0400
A closed landfill on Anderson Ridge Road will generate enough energy from methane gas to power 2,000 homes a year, county officials said Thursday, unveiling twin 20-cylinder engines to harness the gas and spawn new county revenue through the sale of power and carbon credits.
Stocks fall on retail, job data
Fri, 05 Sep 2008 00:59:00 -0400
NEW YORK -- Wall Street plunged Thursday, sending the Dow Jones industrials down more than 340 points as retailers and the Labor Department added to the mountain of dismal economic news that has all but dashed investors' hopes for a late-year recovery.
Department of Professional and Occupational Regulation: Real Estate Board - Regulates businesses and individuals representing others in real property transactions; includes regulations, statutes, forms and licensee search.
Meta Description: [ The Department of Professional and Occupational Regulation is a Commonwealth of Virginia agency located within the Secretariat of Commerce and Trade. Call (804)367-8500 for the main operator. ]
Gardener Relocation Guides - Offers online ordering of free relocation magazines for Charleston and Columbia.
Meta Description: [ Columbia South Carolina and Charleston South Carolina free relocation retirement guides offer info on real estate, apartments, schools, jobs, recreation. ]
Piedmont Regional Association of Realtors - Serves homes for sale in York, Lancaster, and Chester counties of South Carolina, and Mecklenburg County, North Carolina. Includes details on membership, member directory, listings, and event calendar.
Meta Description: [ Piedmont Regional Association of REALTORS®, Inc. is a
real estate trade association located in Rock Hill, the Piedmont area of South Carolina. ]
South Carolina Association of REALTORS - Find out about membership, get recent market statistics, or find out about continuing education courses.
South Carolina Certified Residential Specialists - Association for real estate professionals; includes membership and education criteria, links, and a newsletter.
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