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Questions and Answers
What does real estate consist of?
What does real estate consist of?
- Land, buildings, and natural resources (correct)
- Natural resources only
- Land and natural resources only
- Land and buildings only
What is the difference between real estate and personal property?
What is the difference between real estate and personal property?
- Real estate is movable while personal property is not
- Personal property is permanently attached to the land while real estate is not
- Real estate is in relation to land property while personal property is not (correct)
- There is no difference between real estate and personal property
Who can transfer, own, or acquire real estate in the United States?
Who can transfer, own, or acquire real estate in the United States?
- Only nonprofit corporations
- Only individuals
- Business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity (correct)
- Only business corporations
What does 'estate' in real estate refer to?
What does 'estate' in real estate refer to?
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What are examples of personal property?
What are examples of personal property?
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