Definition: Realty refers to real estate, which includes residential property such as houses, apartments, and businesses. It refers to ownership or leasehold interest in land or buildings used for business, personal use, or residence. The word encompasses a wide range of activities related to real estate transactions, including buying, selling, leasing, subdividing, and financing properties.

Realty

Definition: Real estate; a piece of real property; land.

Alright class, settle down now, let’s take a look – At a word that’s often talked about, in a financial nook! “Realty,” you see, is quite a phrase, It's more than just words in a dictionary haze. The dictionary tells us, clear and true, "Real estate; a piece of real property – it’s for you!” Think of land, my dears, so green and bright, And buildings standing tall, bathed in sunlight! Houses, apartments, shops, or farms too, That's all included in ‘realty,’ it’s true. It’s anything tangible, solid and sound, A permanent place where life can be found. So “realty” means land, with buildings combined, A valuable asset for body and mind! Do you have any questions? Let's discuss this with glee, Now who can tell me what ‘realty’ means to me ?