Real estate is a legal term applied in the USA, UK, Canada and Australia to property such as land, buildings, or other property in a fixed location. Real estate has specific laws that one must follow in order to transfer property from one person to another. There are also jurisdiction matters that are part of the laws regarding commercial and residential property.

Commercial real estate is property owned by a business or corporation. It has been zoned specifically for commercial use, which means it cannot be someone’s home. Residential real estate is typically houses or a place where a person lives. It is private property for none commercial use, in other words. There are real estate agents who can help individuals find the property they are looking for.