Regulated Real Estate
The concept of real estate began when our ancestors started growing crops in settlements. When human beings began to plant crops and gave up their nomadic existence the concept of land ownership was born. At first human beings settled in a lot of land and called it their own and defended it against trespass by other human beings. As civilization advanced and goods were bought and sold for money the concept of regulated purchase and sale of land began. The organized real estate that we know today was first regulated in England. The feudal land systems and tenancy were the first type of regulated land ownership. The industrial revolution brought in new forms of real estate reforms and the purchase and sale of land was regulated under law. The sale and purchase of land was documented in the form of a deed. The purchaser of the piece of real estate was conferred with a title that formed the proof required to show ownership of land. The estate included not only the land but all structures like houses and barns that were erected on the land. All British colonies adopted the British system of real estate regulation. All British Colonies established real estate boards to regulate the land owned by colonists. The title of an estate is the most important part of buying and selling land. Title is not only proof of ownership but a record of the history of a piece of land. Title can be encumbered by a range of factors like unpaid dues or missing heirs. Real estate is also regulated by local rules and regulations with regard to the type of building that can be built in a particular location. Real estate regulation rules and protection play an important role in legislation in democratic countries that are subject to the rule of law. More concerning More, see http://www.acpmidatlantic.com/team/brian-katz/