2021 National Flashcards
land
the earth’s surface extending downward to the center of the earth and upward to infinity, including permanent natural objects, such as trees and water
real property
the interests, benefits, and rights that are considered part of the ownership of land and real estate.
Economic characteristics of land (4)
scarcity, improvements, permanence of investment, and area preference.
Physical characteristics of land (3)
immobility, indestructibility, and uniqueness
how many square feet in an acre
43560
mile measurements
5280 feet
1760 yards
320 rods
furlong measurements
220 yards
660 feet
40 rods
10 chains
chain measurements
66 feet
4 rods
100 links
rod measurements
- 5 feet
5. 5 yards
square mile measurements
640 acres
cubic yard measurements
27 cubic feet
square yard measurements
9 square feet
square foot measurements
144 square inches
real estate
the land and anything attached to it
bundle of legal rights (5)
possession, control, enjoyment, exclusion, disposition