REAL ESTATE FINANCE W/ACCESS
REAL ESTATE FINANCE W/ACCESS
16th Edition
ISBN: 9781266527746
Author: BRUEGGEMAN
Publisher: MCG
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Chapter 1, Problem 1Q
Summary Introduction

To explain: The difference between real property and individual property.

Expert Solution & Answer
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Explanation of Solution

The differences among real property and individual property are as mentioned below:

  • Real property refers to the property which is permanently attached with the land. On the contrary, personal property refers to the property which is not permanently attached with the land.
  • Real property is an immovable property. On the contrary, personal property is a movable property.
  • Examples of real properties are building, canals and roads. On the contrary, examples of personal properties are money, vehicle and furniture.

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