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RE: webschema-ISSUE-13 (Describing Real Estate): Schema.org should document how best to describe Real Estate [Feedback on Schema.org]

From: Patty Plourde <patty@pattyplourde.com>
Date: Sat, 20 Apr 2013 21:31:53 -0500
Message-Id: <80853B00-DC33-4CBD-9386-075FC72222DE@pattyplourde.com>
To: jrhyne@thematix.com, adam.michael.wood@gmail.com, cobbsfriedman@gmail.com, kurt@develohost.com, danbri@danbri.org, public-vocabs@w3.org
timeshares are not "real property" such as houses, apartments, condos… 
Leasing is a category of its own.  

Overall, i don't think your going about it the right way.  Real Estate IS a category of its own. I am not sure that you can call it a place, and thing is tricky since some instruments to transfer are not solid..  I will give some examples but this is just touching the surface…

WIthin Real Estate are subcategories  

1. Property Types
Townhouse (PUD) 
Single Family

2. Ownership types  (for example..)
Single family Homes are transferred by a deed (another category for deed types is called for)
Townhouse is a form of CIC(common interest community)-different from condo in that the land under the unit is owned
Condo- form of CIC- land not owned
Cooperatives- One owns "shares" an actual deed is not used to transfer title. More like a lease of less than 20  years. 

3. Deed Types
Contract for
In trust
(I don't know them all)
Land lease (land is separated from property)

4. Leasing
This is an activity

5.  Rentals
agreement for use of

6. Home Owner Associations (HOA)
This is a huge category with multiple options.  In the state of MN it is estimated that 25,000 HOA's exist..serving millions…
SIngle family

Some associations are common interest communities, and some are not.  attached is an example of definitions for one type:

Patty Plourde, Broker
Real Estate Partners
Office:  952-946-1999
Received on Tuesday, 23 April 2013 05:48:51 UTC

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