Ky real estate ch 1 - Study guides, Class notes & Summaries
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KY Real Estate - Ch. 1 with 100% correct answers.
- Exam (elaborations) • 4 pages • 2023
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Legal Concept of Land 
surface area of the earth 
everything beneath the surface area of the earth, extending to it's core 
all natural things permanently attached to the earth 
minerals and water on or below the earth's surface 
 
 
 
Parcel/Tract 
portion of land delineated by boundaries 
 
 
 
Physical Characteristics of Land 
immobility, indestructibility, and heterogeneity 
 
 
 
Economic Characteristics of Land 
D.U.S.T.S 
Demand 
Utility 
Scarcity 
Transferability 
Situs 
 
 
 
Legal Co...
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