Property OwnershipIntermediateArizona Exam

In Arizona, which of the following is considered real property?

AA portable storage shed placed on concrete blocks
BMineral rights to coal beneath the surfaceCorrect
CA vehicle parked permanently in the garage
DStock in a real estate company

Why Mineral rights to coal beneath the surface Is Correct

Answer B: Mineral rights to coal beneath the surface

Mineral rights (subsurface rights) are an interest in real property. Portable structures placed on blocks (not permanently attached), vehicles, and corporate stock are personal property.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

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