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Land, Real Estate, and Real Property

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Questions and Answers

What does the term 'land' include?

All natural resources on the surface of the earth

The surface of the earth, minerals below, and air above (correct)

Only the surface of the earth

The surface of the earth and minerals below it

In real estate, what falls under the definition of land?

Only the surface features like trees and grass

All permanently attached natural features, including minerals below and air above (correct)

Minerals below the surface

The air above the surface

Which term refers to the surface of the earth, including all permanently attached natural features?

Minerals

Real property

Land (correct)

Real estate

What is included in Mr. Pebberknuckle's land based on the example?

The grassy surface, minerals below, and air above Signup and view all the answers

What is unique about acquiring land according to the text?

You acquire all that lies below and above it Signup and view all the answers

What additional characteristics does land include besides the surface of the earth?

Both the minerals below the surface and the air above the surface Signup and view all the answers

Based on the text, what is included in Mr. Pebberknuckle's land?

The copper minerals below his land Signup and view all the answers

What does 'real property' encompass beyond what is included in 'land'?

Permanent structures like buildings Signup and view all the answers

If someone owns a house on a piece of land, what term would define their ownership of both?

Real estate Signup and view all the answers

Which term refers to the earth's surface along with what lies below and above it?

'Land' Signup and view all the answers

What is unique about the concept of 'land' compared to just real estate or real property?

'Land' extends infinitely upwards and downwards Signup and view all the answers