In 
Crusader Kings III, a realm is the land a ruler holds, either indirectly through 
vassals, or directly as personal holdings (their 
domain).
An independent realm is the highest political structure a 
character can be part of. It forms a hierarchy of landed rulers; a liege holds the highest 
title tier in the realm, and delegates land to vassals in exchange for 
taxes and 
levies. In realms large enough, these vassals may in turn have their own vassals, with this relationship repeating until one reaches 
barons - the lowest title tier.
Overextension
Dukes and Counts have a realm size limit of 30 counties. Each county over the limit gives an overextension penalty to Gold income by -10%.
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