Real Estate

Real estate, also known as real property (and, in Louisiana, as immovable property), is a term which generally denotes:

• land,
• structures on the land which cannot easily be relocated (a house generally would be considered real estate, while a travel trailer -- even if used as a residence -- would not), and
• attachments to the structure which cannot easily be removed without major damage or making the structure useless (a central HVAC unit would be considered part of real estate, while a window air conditioner or space heater would not).

Real estate generally is subject to property tax, and although it is possible (and not uncommon) to sell real estate without using a real estate agent, the majority of real estate transactions (especially those involving homes) are handled via real estate agents.