Chapter 5 - Real Estate Brokage Flashcards
1
Q
What is the definition of Land?
A
2
Q
What is the definition of Real Estate?
A
3
Q
What is the definition of Real Property?
A
4
Q
Describe the bundle of legal rights.
A
5
Q
What are the differences between real and personal property? Real property is
A
6
Q
What is the difference between a fixture and a trade fixture?
A
7
Q
What are the economic and physical characteristics of land?
A
8
Q
What is Illinois real estate governed by?
A
Real Estate License Act of 2000
