Real Estate Principles 1 Practice Exam

Real property includes not only the land and anything permanently attached to it, but also the bundle of rights that come with ownership. Those rights cover what you may do with the property—possession, control, enjoyment, exclusion of others, and disposition—subject to laws and any constraints like liens or easements. While fixtures attached to the land are part of real property, the question emphasizes the ownership privileges themselves, which is why a bundle of rights is the best fit. Moveable items or purely personal property are not part of real property, reinforcing the distinction between the physical components and the rights that accompany ownership.