Real Property

Real property refers to the interests, benefits, and rights in real estate.

 

•Real property does not refer to the real estate

•Real property and real estate are not the same thing

 

Real property refers to rights in real estate.

 

An appraiser actually appraises the rights in real estate rather than the real estate itself.  The technically correct name for a real estate appraiser is "real property appraiser".

Page url: http://www.georgiaappraiser.com/glossary/index.html?realproperty.htm