What is "real estate"? What does that mean?

Answer by  heatherbooboo (655)

It means real and tangible property or land. Owned and leased or sold by one owner at a time. Estate is referring to the land owned by a family or company .

Answer by  tamarawilhite (17883)

An estate used to mean someone's property in all forms. "Real" estate were their tangible possessions that always held value, like a home, building or land. Abstract estates were debts that may not be repaid, art of uncertain value, or household goods that lost value.