Real Estate Finance – Exam 1 Study Guide 1. The difference between real and personal property a. real estate – property that is tangible, land and/or improvements permanently attached on or to the land (non-movable) b. personal property (personalty) – all intangibles and movable things 2. What is meant by an estate a. Everything a person owns, to include real and personal property b. Real property = deed, personal property = bill of sale 3. The types of estates and the various interests one can acquire…
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