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Select the true statement regarding real property purchases.


Which of the following is a right included with real property?

The term bundle of rights describes the set of legal rights associated with ownership of real property. The bundle is made up of five different rights: the right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition.

What is the correct definition of real property?

The term real estate or real property means the land plus anything growing on it, attached to it or erected on it, including man-made objects, such as buildings, structures, roads, sewers, and fences, but excluding anything that may be removed from the land without injury to the land.

What are 3 examples of real property?

Examples of real property can include ponds, buildings, reservoirs, canals, roads, and machinery. According to land law, real property often means the right to use, manage, and dispose of land and the objects attached to it.




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