Property OwnershipIntermediateArizona Exam

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 movableCorrect
CReal property is owned by individuals; personal property by corporations
DReal property requires a license to sell; personal property does not

Why Real property is permanently attached to or part of the land; personal property is movable Is Correct

Answer B: Real property is permanently attached to or part of the land; personal property is movable

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

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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