Real property includes land, buildings, trees, airspace, subsurface rights, and fixtures. Ownership can be possessory through estates like fee simple, life, or leasehold, or nonpossessory through easements, profits, or licenses. Real property ownership can be transferred through deeds, gifts, sales, inheritance, adverse possession, or eminent domain. Key concepts include types of deeds, recording statutes, contracts for sale, inheritance, adverse possession, eminent domain, zoning, and restrictive covenants.