What is included in the definition of real property?

Get ready for the New York State Real Estate Salesperson Licensing Exam. Use flashcards and multiple choice questions, with hints and explanations for each question. Prepare for your licensing success!

The definition of real property encompasses land and anything permanently attached to it. This includes not just the physical land itself, but also structures, such as buildings, and any other fixtures that are considered to be a permanent part of the property. The key aspect of this definition is the permanence of the attachments; for example, trees, fences, and sidewalks are typically included as they are affixed to the land.

Understanding this definition is fundamental in real estate, as it distinguishes real property from personal property, which refers to movable items that are not permanently attached to the land. Recognizing what constitutes real property is essential for transactions, property assessments, and legal considerations in real estate. This provides clarity regarding property ownership rights and the extent of what is owned, influencing both sale agreements and financing.

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