SR,
Yes range is a method of Selection among other things but when declared as a variable, it is an object. Step through this code and watch your locals window.
Code:
Sub ScratchMacro()
'A basic Word macro coded by Greg Maxey, http://gregmaxey.com/word_tips.html, 7/26/2017
Dim oRng As Object
Dim oRng1 As Range
Dim oRng2
Set oRng = Selection.Range
Set oRng = Selection.Range
Set oRng2 = Selection.Range
lbl_Exit:
Exit Sub
End Sub