2-True/False Questions (5.5 marks) 12. Real estate refers to the physical land and improvements constructed on the land. 13. Real property refers to the ownership rights associated with real estate. 14. A quitclaim deed says that the grantor "quits whatever claim he has in the property in favor of the grantee. 15. It is illegal to give a quitclaim deed if the grantor has no claim in the property. 16. The term real estate refers to the ownership rights associated with the physical land and improvements. 17. A fee simple estate is a type of freehold estate. 18. As compared to other types of deeds, a general warranty deed provides the most comprehensive warranties about the quality of the title to the property. 19. The term Estate means: "all that a person owns." The term real estate means all realty owned as a part of an individual's Estate. 20. Real estate as a tangible asset : "Raw" land and Improvements to the land Excavation Sewers and other utilities Roads and driveways Structures (improvements on the land) 21. the term real estate is used to refer to things that are movable