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In basic, the distinction between real estate and real property boils right down to the inclusion of the bundle of rights. The real property consists of each bodily objects and customary legislation rights whereas real estate consists solely of physical objects. Real property contains real estate, and it provides a bundle of rights. This bundle of rights is a broad term used to prepare property rights—as they relate to real estate. In a nutshell, it grants property owners the power to use their property as they see fit.