Old Law: Any property used for residentialpurposes. Examples include single-family homes, condos,cooperatives, duplexes, townhouses, and multifamily residences.

Real estate Law: Any property used exclusively for business purposes, such as apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers,stores, and theaters.

International Law: Any property used for manufacturing,production, distribution, storage, and research
and development.

Tax Law: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland.

Residential real estate: Any property used for residentialpurposes. Examples include single-family homes, condos,cooperatives, duplexes, townhouses, and multifamily residences.

Commercial real estate: Any property used exclusively for business purposes, such as apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.

Industrial real estate: Any property used for manufacturing,production, distribution, storage, and research and development.

Land: Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards,ranches, and timberland.

Special purpose: Property used by the public, such as cemeteries, government buildings, libraries, parks,
places of worship, and schools.The Economics of Real Estate

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