Intro to Real Estate

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Vocabulary flashcards based on intro to real estate lecture notes covering real property, physical and legal components, and real estate investment trusts.

Last updated 12:29 PM on 9/8/26
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8 Terms

1
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Real Estate

Land and its attachments.

2
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Personal Property

Things you own that are not attached (for example, a car or furniture) which are moveable items.

3
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Real Property

Rights you get on real estate.

4
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Types of Real Estate

Residential, industrial, land, and commercial.

5
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Real Estate as a Commodity

Considered a commodity as it has utility to most people and is marketable in its own specialized area.

6
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Physical Components of Real Estate

Land ("dirt") and, in most cases, improvements ("bricks and sticks").

7
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Legal Component of Real Estate

Bundle of Rights.

8
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REITS

Real Estate Investment Trust.