CHAMPIONS - PRINCIPLES OF REAL ESTATE 1 - CHAPTER 2:
REAL AND PERSONAL PROPERTY QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS
surface of the earth, extending downward to the center of the earth
and upward above the surface to infinity - ANSWER Land
includes all that land encompasses, with the addition of all man-made
additions to the land (improvements) such as roads, houses, and
commercial buildings. - ANSWER Real Estate
physical real estate plus the rights an individual has in the land -
ANSWER Real Property
removable without destroying what remains - ANSWER Severable
- Rights that are associated with the ownership of real property are
often referred to as the owner's ________
- A term used to describe an owner's legal rights in land - right to sell,
lease, occupy, etc. - ANSWER Bundle of Rights
REAL AND PERSONAL PROPERTY QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS
surface of the earth, extending downward to the center of the earth
and upward above the surface to infinity - ANSWER Land
includes all that land encompasses, with the addition of all man-made
additions to the land (improvements) such as roads, houses, and
commercial buildings. - ANSWER Real Estate
physical real estate plus the rights an individual has in the land -
ANSWER Real Property
removable without destroying what remains - ANSWER Severable
- Rights that are associated with the ownership of real property are
often referred to as the owner's ________
- A term used to describe an owner's legal rights in land - right to sell,
lease, occupy, etc. - ANSWER Bundle of Rights
