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.

Question

Quizplus · Accepted Answer

Property rights can apply to both tangible and intangible assets, so choice B is not a fundamental characteristic of property rights. The other choices are all correct: property rights are enforceable by the government, nonrevocable, and enduring.

A Principal Definition of Real Estate Is as a Bundle