Property Ownership
What is the difference between real property and personal property in Nevada?
AThere is no legal distinction in Nevada
BReal property is land and anything permanently attached to it; personal property is movable property not permanently affixed to land✓ Correct
CPersonal property includes all property owned by a person; real property is only raw land
DReal property is valued by appraisers; personal property is not
Explanation
Real property includes land and everything permanently attached to it (buildings, fences, fixtures). Personal property (personalty) is movable and not permanently attached. The distinction matters in real estate transactions to determine what is included in a sale.
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