Realty is genuine property that consists of land and improvements, which consist of buildingsTangible Properties, fixtures, roadways, structures, and utility systems. Residential or commercial property rights offer a title of ownership to the land, improvements, and natural deposits such as mineralsMining Industry Primer, plants, animals, water, etc. There are numerous types of genuine estate, each with a distinct purpose and utility. The main classifications are: Land, Residential, Commercial, Industrial, For anybody aiming to understand how the industry works and what each of the major classifications represents, the explanations below will be a handy guide. Land is the baseline for all types of real property.