Property Ownership
What is the difference between 'real property' and 'personal property' in South Carolina?
AReal property is owned outright; personal property is leased
BReal property is land and fixtures permanently attached; personal property is movable✓ Correct
CReal property requires a license to sell; personal property does not
DReal property is taxed at a higher rate than personal property
Explanation
Real property is land and everything permanently attached to it. Personal property (chattel) is movable and not permanently affixed. The distinction determines what transfers with a real estate sale.
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