Principles of Real EstatePregunta 3 de 120
Which of the following best describes 'real property'?
a.Only the physical soil and minerals below the surface
b.Movable items owned by a person
c.Land and everything permanently attached to it, plus the bundle of legal rights
d.A lease that lasts less than one year
Explicación
Real property includes land, improvements permanently affixed to it, and the associated legal rights known as the bundle of rights. Personal property (chattel) is movable and not permanently attached. The distinction matters because different laws govern the sale of each.
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