What is defined as items that are movable and not permanently attached to real estate?

Prepare for the DPA Appraisal Fundamentals Test. Engage with comprehensive flashcards and multiple choice questions, complete with detailed hints and explanations. Ensure success in your exam!

The correct definition for items that are movable and not permanently attached to real estate is personal property. Personal property encompasses all forms of property that are not classified as real estate, which typically includes movable items such as furniture, vehicles, clothing, and other belongings. This distinction is crucial in various contexts, including legal matters, property taxation, and transactions involving the buying and selling of properties.

In comparison, real property refers to land and anything permanently attached to it, such as buildings and fixtures. Tangible property generally refers to physical objects, which can include both personal and real property, but does not specifically denote the movable aspect. Common property typically refers to resources or spaces shared by a group, which is not relevant to the classification of movable items.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy