Real Estate Expertise
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Questions and Answers

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?

  • 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?

  • 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?

    <p>The interest a person has in the land property</p> Signup and view all the answers

    What are examples of personal property?

    <p>Vehicles, boats, jewelry, furniture, tools</p> Signup and view all the answers

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