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The root of the word ‘real’ is effectively ‘royal’. In previous times a king or queen would be the one granting or withdrawing ownership of lands. It’s trickled down from that, basically.
“Real” in this sense is not etymologically related to “royal”.
Ok. I stand corrected.
https://www.etymonline.com/word/realty#%3A~%3Atext=1660s%2C+"real+estate%2C+real%2Csee+real+(adj.)).