Kovats Real Estate School Practice Test

An example of personal property is?

1. a household furnishing

2. real estate

3. land

4. commercial property

The correct answer is: a household furnishing

Personal property refers to items that are movable and not permanently attached to land or buildings. A household furnishing, such as a couch, table, or chair, exemplifies personal property because it can be easily transported and is not considered a fixture of the real estate. In contrast, real estate encompasses land and anything that is permanently affixed to it, like buildings and structures; therefore, choices that include real estate or land do not qualify as personal property. Similarly, commercial property also refers to non-movable, permanent structures and is part of real estate, further solidifying that a household furnishing is the correct representation of personal property in this context.