Read the following passage carefully and then translate the underlined
sentences into Chinese. Real estate, in broad definition, is land and everything made
permanently a part thereof, and the nature and extent of one’s interest therein.
In law, the word real, as it relates to property, means land as
distinguished from personal property; and estate is defined as the interest one
has in property. Real estate may be acquired, owned, and
conveyed (or transferred) by individuals; business corporations; charitable,
religious, educational, fraternal, and various other nonprofit corporations;
fiduciaries, such as trustees and executors; partnerships; and generally by any
legal entity as determined and defined by the laws of the various states of the
US Limitations are established in connection with sales of real estate by
minors, incompetents, and certain types of corporations, and generally in cases
involving some form of legal disability or lack of capacity.
(82) In such instances, it is necessary in some jurisdictions to make
application to the courts for permission to sell, in other jurisdictions such
transfers are governed by statute. (83) Real property is
generally acquired by purchase, by descent and devise, or by gift. When acquired
by purchase, a deed is given by the seller, or grantor, to the purchaser, or
grantee. The deed contains a legal description of the
property conveyed. It must be drawn, executed, and acknowledged in proper form
to be entitled to record. (84)It is customary for the seller and the
purchaser to enter into a contract, at which time the purchaser makes a deposit
on account of the purchase price. (85) The purchaser
engages an attorney or a title company to search the title to the property. The
title company ensures that the seller can convey clear title, the transaction is
then closed.