Real estate is defined as what?

Real estate is defined as land and anything permanently attached to it, which is precisely what choice B states. This definition encompasses both the physical land itself and any structures, fixtures, or improvements that are affixed to that land, such as buildings, roads, and utility systems. The permanence of these structures is a key characteristic that distinguishes real estate from other types of property.

In contrast, a parcel of land and any temporary structures, as mentioned in another choice, does not fully capture the essence of real estate because it excludes the significance of permanent attachments and focuses on temporary features that do not contribute to the ongoing value of the property. Movable items and equipment refer more to personal property rather than real property. Finally, intangible assets like contracts and securities relate to financial interests and rights rather than physical real estate, which further emphasizes why choice B is the most accurate definition of real estate.