Real Estate2

Question 1

Economic characteristics of real estate

Answer 1

Demand
Utility 
Scarcity
Transferability 
Situs

DUSTS

Question 2

3 physical characteristics

Answer 2

Immobile or permanent
Indestructible
Non-homogeneous or unique

Question 3

Difference between legal concept of land and real estate

Answer 3

Why are encompasses the surface of the earth below the surface above into space everything permanently attached to the earth. real estate includes all this plus all man-made things permanently attached to the earth

Question 4

Special purpose real estate example

Answer 4

Property that has unique purpose to persons who on here is it example church Hopital school government building

Question 5

Doctorine of prior appropriation

Answer 5

States that owns and controls all bodies of water. Property owners obtain permits to use the water maybe be able to attach to property of the permit holder