Title: Distinguish among land, real estate, and real property.
Course: Real Estate (12154) > Section: Analyzing the Real Estate Market

Distinguishing should include definitions and examples of

- land (physical and economic characteristics: immobility, indestructability, nonhomogeneity, heterohomogeneity)
- real estate
- real property.

DPOR correlation: 18VAC135-20-400. 2 (Real estate market and analysis); 18VAC135-20-400. 11 (Real property and title insurance)

Process/Skill Questions:

- What is the difference between real estate and real property?
- What are three examples of real property?
- What types of real estate exist?
- What is the difference between residential real estate and commercial real estate?