Which of the following is considered an example of personal property?

Study for the CAS 45-Hour Real Estate Principles Course Test. Utilize flashcards and multiple choice questions to prepare thoroughly. Each question is paired with hints and explanations. Get ready to excel in your exam!

Personal property refers to movable items that are not fixed to the land or structures. These items can be easily transported and are not inherently part of real estate. In this context, furniture is a quintessential example of personal property because it is not affixed to the property in any permanent way. Homeowners can take their furniture with them when they move, distinguishing it from real property, which includes land and anything permanently attached to it.

Land, buildings, and permanently attached fixtures are all classified as real property because they are fixed to the land and cannot be moved without altering or damaging the structure of the property itself. This permanence is a key differentiator that sets apart real estate from personal property.

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