How is "real property" defined?

Study for the CAS 45-Hour Real Estate Principles Course Test. Utilize flashcards and multiple choice questions to prepare thoroughly. Each question is paired with hints and explanations. Get ready to excel in your exam!

Real property is defined as land and anything permanently attached to it, which encompasses the physical terrain itself as well as structures, trees, minerals, and anything else that is affixed to the land in a permanent manner. This definition is fundamental in real estate because it delineates the scope of ownership and rights associated with the property.

For example, when a home is sold, the transaction includes not only the physical land but also the house, any built-in appliances, and any other fixtures that are considered part of the property. This comprehensive definition is important in legal contexts, as ownership of real property generally implies ownership of both the land and everything permanently affixed to it. Understanding this concept is crucial for real estate professionals when navigating transactions and property rights.

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