Which of the following is an example of personal property?

Prepare for the Leasing Agent License Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance your knowledge and confidence. Ace your exam with proper preparation!

Personal property refers to movable items that are not fixed to the land or buildings. These items can be easily transferred from one location to another and are distinguished from real property, which includes land and anything permanently attached to it.

A refrigerator is a classic example of personal property because it is a movable appliance that is not permanently affixed to a property. Its ownership can change without the need to alter or transfer any real estate, making it a clear instance of personal property.

In contrast, land, buildings, and parcels of land fall under real property. These entities are inherently tied to a specific location and are not easily moveable, which is a fundamental characteristic that distinguishes them from personal property. Therefore, recognizing a refrigerator as personal property aligns with the legal definitions and classifications commonly used in real estate and property law.

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