A Principal Definition of Real Estate Is as a Bundle

question 14

Multiple Choice

A principal definition of real estate is as a bundle of rights associated with the possession,use,and disposition of property.Each of the following is a fundamental characteristic of property rights EXCEPT:

• A)they are enforceable by the government.
• B)they apply only to tangible assets.
• C)they are nonrevocable.
• D)they are enduring.

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Definitions:

Congressional Legislation

Laws and statutes passed by the United States Congress, which consists of the Senate and the House of Representatives.

Constitutional Amendments

Changes or additions made to the U.S. Constitution, requiring a significant consensus for ratification as outlined in the document itself.

Hierarchically Structured

Organized in a way that each level is ranked above or below others, typically referring to systems of organization within corporations or institutions.

Public Bureaucracies

Organizational structures within the government responsible for implementing laws and policies, consisting of non-elected officials and agencies.