Now that we’ve outlined the 4 primary categories, let’s explore some particular examples of several varieties of real property. Investopedia requires writers to make use of primary sources to assist their work. These embody white papers, government data, authentic reporting, and interviews with business experts. We additionally reference original research from other reputable publishers the place applicable.
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- All gross sales of real property within the state are subject to REET unless a specific exemption is claimed.
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