Understanding Real Estate Concepts

Front

Definition of land in real estate

Back

Natural resources beneath the surface: minerals, water, timber.

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DOK Level 1: Recall

Front

Physical characteristic of land

Back

Non-homogeneity

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DOK Level 1: Recall

Front

Real property vs Personal property

Back

Real property is permanently attached to the land.

Tags

DOK Level 1: Recall

Front

Example of personal property that can become real property

Back

Built-in appliances

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DOK Level 1: Recall

Front

Bundle of Rights in Real Property

Back

Possession, use, enjoyment, disposition, encumbrance

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DOK Level 1: Recall

Front

Definition of Real Estate

Back

Land + improvements (buildings, structures)

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DOK Level 1: Recall

Front

NOT a physical characteristic of land?

Back

Homogeneity

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DOK Level 1: Recall

Front

Definition of Real Property

Back

Land, real estate, and ownership rights.

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DOK Level 1: Recall

Front

Personal Property

Back

Furniture

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DOK Level 1: Recall

Front

Key difference: Real vs Personal Property

Back

Real property: Permanently attached to land

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DOK Level 1: Recall