Nuclear receptors are ligand-regulated transcription factors activated by steroid hormones and other lipid-soluble signals, influencing gene expression and metabolic enzymes. They are classified into three classes: Class 1 predominantly includes steroid hormone receptors, Class 2 involves receptors for lipid ligands in the cell, and Class 3 plays roles in endocrine signaling. The malfunctioning of these receptors is linked to various illnesses.