PA Real Estate Vocab Correct Questions & Answers!!
Land - ANSWER The earth's surface extending downward to the center of the earth and upward into space, including permanent natural objects such as trees and water. Real Estate - ANSWER land at, above, and below the earth's surface, and all things permanently attached to it, whether natural or artificial. Improvement - ANSWER any artificial thing attached to land, such as a building or fence, or improvements such as streets, utilities and sewers. Real Property - ANSWER Includes both land and real estate. The interests, benefits, and rights that are automatically included in the ownership of the land and real estate. Bundle of Legal Rights - ANSWER -right of possession -right to control the property within the framework of the law -right of enjoyment(to use the property in any legal manner) -right of exclusion(to keep others from entering or using the
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