A perhaps more useful but more mind-bending view is this:
Transmission lines are real, and there is no such thing as a resistor, capacitor or inductor.
What we call a "resistor", or etc., is a component which exhibits that characteristic over a usefully wide frequency range.
Resistors are resistive from DC to some frequency limit, where they become inductive or capacitive. (In particular, small value resistors become inductive, and large value resistors become capacitive.)
Capacitors are capacitive over a frequency range: at DC, they have leakage resistance; at high frequency, they have ESR and ESL (and other more complicated responses).
Inductors are inductive over a frequency range: at DC, they have DC resistance; at high frequency, they have EPR and parasitic capacitance (and other more complicated responses, especially when multi-winding transformers are included among inductors).
Minding that the whole process is recursive, so as a component drifts from one characteristic to the next, that other characteristic is only valid over a range as well, and so on!
A transmission line is a different paradigm. An infinite, ideal (lossless, non-dispersive) transmission line has a constant impedance, over all frequencies: DC to light. That's called the characteristic impedance, Zo. (The impedance is real, i.e., a resistance, but we call it impedance to remind ourselves we're talking about impedance at AC frequencies.)
When transmission lines, of different lengths and Zo's, are connected together, we observe reactance. How much depends on the ratios of impedances, while the frequency behavior is determined by the lengths (because of standing waves).
If we have a straight length of transmission line, and we measure its end-to-end impedance at DC (zero frequency), we get the resistance of the line: zero ohms for an ideal line, but nonzero for a real line, of course. At low (but nonzero) frequencies, however, we measure an impedance (even if it's lossless). This impedance is proportional to length, Zo and frequency. What else is proportional to those figures? Inductance!
This is how a transmission line can be said to have inductance: it is an approximation, which is only valid at frequencies much less than the electrical length of the transmission line.
The same goes equally well for capacitance, of course: if you have an unterminated transmission line, and measure its impedance at one end, you get infinity at DC, but finite impedance at nonzero frequency. The impedance is inversely proportional to length, Zo and frequency: a capacitance!
When a transmission line is terminated by a matched resistance, it looks infinite: a true resistor load (terminator) is indistinguishable from an infinite lossless transmission line. The wave seems to go on forever, except you've tricked it into a trap that turns it into waste heat.
In practice, real resistors can be made very good indeed (resistive up to ~GHz). As long as it's a resistor at frequencies well beyond what you're using them at (including harmonics of a signal -- you can't cheat the system by, say, dropping your clock frequency to 1kHz!), then it's ideal enough not to care!
So, going back to the probe: if we have a resistor that's close enough to a true resistance, at any frequency in the range we're worried about (i.e., some ~GHz), we can make a voltage divider into a "true 50 ohm" transmission line. The resistor should be 450 ohms, so we get a calibrated 1/10 ratio into 50 ohms.
In practice, some compensation will be needed, to account for the transmission line being lossy (it attenuates high frequencies more than low frequencies), or we can make the line short enough not to care (but that might be impractically short?), or we just accept that it happens, and mentally adjust the measurements accordingly.
Tim