Property Ownership

What distinguishes real property from personal property?

AReal property can be moved; personal property cannot
BReal property is permanently attached to or part of the land; personal property is movable✓ Correct
CReal property is owned by individuals; personal property by corporations
DReal property requires a license to sell; personal property does not

Explanation

Real property includes land and anything permanently attached to it (fixtures, structures). Personal property (personalty) is movable and not permanently attached to the land.

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