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9 Cards in this Set
- Front
- Back
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Real estate, real property, or realty |
Land and everything permanently attached to the land |
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Personal Property |
Anything that is not real property. Readily movable |
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Physical Characteristics Affecting Land Use |
Immobility Indestructability Heterogeneity (uniqueness) |
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Indestructability |
Land cannot be destroyed, it may be altered but it remains. |
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Heterogeneity |
No two parcels of land are exactly alike |
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Homogeneity |
Neighborhoods are made up of similar property |
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Specific Performance |
Due to the uniqueness of each property the law does not consider money a substitute |
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Scarcity |
Availability or lack of availability |
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Supply and demand |
The greater the supply of any commodity in comparison with demand |
