Property Ownership
Real property is distinguished from personal property primarily because real property:
AHas a higher market value than personal property
BIs permanently attached to the land or is the land itself✓ Correct
CMust be insured under a homeowner's policy
DCan only be owned by individuals, not corporations
Explanation
Real property consists of land and anything permanently attached to it. Personal property (personalty) is movable and not permanently attached. The distinction determines what transfers with a real estate sale.
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