realty
/'riəlti/
Definition
Noun 1. Property consisting of land and the buildings on it: Realty refers to immovable property, specifically land and anything permanently attached to it, such as houses, buildings, or other structures. It is a legal and formal term synonymous with "real estate" or "real property."
Usage
The term "realty" is used in formal, legal, and business contexts to discuss ownership, sale, or management of land and buildings. * He invested his money in realty, purchasing several apartment buildings. * The company's assets include both commercial realty and industrial equipment. * A license is required to practice realty law in this state.
Advanced Usage
- "Realty company" / "Realty firm": A business that specializes in buying, selling, or managing real estate.
- She works for a large commercial realty firm downtown.
- "Realty agent": A licensed professional who represents buyers or sellers in real estate transactions (more commonly called a "real estate agent").
- The realty agent showed us three properties this afternoon.
Variants and Related Words
- Real estate (noun): The more common, general term for property consisting of land and buildings. It is often used interchangeably with "realty."
- Real property (noun): The legal term for land and anything attached to it, identical in meaning to "realty."
- Realtor® (noun): A trademarked term for a real estate agent who is a member of the National Association of Realtors.
Synonyms
- Real estate
- Real property
- Land and buildings
- Immovable property
Antonyms
- Personality / Personal property (noun): Movable property that is not permanently attached to land, such as vehicles, furniture, or money.
Noun
-
property consisting of houses and land
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