Types Of Real Estate

Question 1

What are the 7 types of real estate?

Answer 1

1. Residential Property
2. Commercial Property
3. Industrial Property
4. Agricultural Property
5. Recreational Property
6. Special Property
7. Public Property

Question 2

Composed of SFH (single family homes) buy can include smaller multi-family units

Answer 2

Residential Property

Question 3

Large apartment buildings, office buildings, restaurants, shopping centers, hotels, parking lots and tracts of land (business purposes)

Answer 3

Commercial Property

Question 4

Include warehouses, plants, factories, utilities, mines, etc.

Answer 4

Industrial Property

Question 5

Farms, orchards, groves, ranches, etc.

Answer 5

Agricultural Properties

Question 6

Consist of campgrounds, recreational vehicle parks, resort properties, time share units, and other leisure time property

Answer 6

Recreational property

Question 7

Includes churches, hospitals, nursing homes, colleges, cemeteries, and other properties that generally must comply with governmental zoning

Answer 7

Special purpose property

Question 8

Acquired by the municipal, County, state and federal governments for a variety of public purposes ex. Parks, schools, post offices

Answer 8

Public property