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Realty Meaning: Definition, Examples, and Translations

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realty

[หˆriหษ™lti ]

Definition

Context #1 | Noun

property sector

Realty refers to real estate, which includes land and any permanent structures or improvements attached to it. It encompasses activities related to buying, selling, and renting properties. The term is often used in legal contexts and by professionals in the real estate industry.

Synonyms

land, property, real estate.

Examples of usage

  • She works in realty as a property manager.
  • Investing in realty can be a profitable venture.
  • The realty market is experiencing a significant boom.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Legal Aspects

  • Realty transactions are often governed by specific laws and regulations to protect buyers and sellers.
  • The concept of 'property rights' in realty includes the rights to possess, control, and transfer property.

Market Trends

  • The realty market often fluctuates based on economic conditions, interest rates, and local demand.
  • Emerging trends in realty include sustainability practices, with buildings designed to minimize environmental impact.

Cultural Impact

  • Owning property is often viewed as a symbol of success and stability in many cultures around the world.
  • Reality TV shows that focus on house shopping and renovations have popularized realty among younger audiences.

Notable Figures

  • Barbara Corcoran, a real estate mogul, became famous for her work in New York City's realty market and later as a Shark Tank investor.
  • Keller Williams, a prominent figure in the industry, founded one of the largest realty franchises in the world.

Origin of 'realty'

Main points about word origin

  • The word originated from the Old French word 'realitรฉ,' meaning 'realness or reality,' which reflects ownership of land.
  • In the 19th century, the term gained popularity in the U.S. to denote land and property transactions.

The word 'realty' originated from the term 'real estate,' which is derived from the Latin word 'res,' meaning 'thing' or 'property.' The prefix 'real' comes from the Old French 'reel' and Latin 'realis,' meaning 'actual' or 'true.' Over time, the term evolved to refer specifically to tangible property, distinguishing it from personal property. The use of 'realty' in the context of property began to take shape in the late 19th century, particularly as the real estate industry started to formalize in North America, leading to the establishment of real estate companies and agents. Today, 'realty' is often used interchangeably with 'real estate' and plays an essential role in the economic landscape.

Word Frequency Rank

At position #14,160, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.