Intro to Paralegal Studies Practice

Which type of property is categorized as real property?

1. Vehicles and boats

2. Patents and copyrights

3. Land and buildings

4. Furniture and artwork

The correct answer is: Land and buildings

Real property refers to land and anything permanently attached to it, such as buildings, structures, and natural resources like trees and minerals. This classification distinguishes real property from personal property, which includes movable items. The key characteristic of real property is that it is immovable; once land or a building is established, it cannot be relocated without significant effort. In contrast, vehicles and boats are classified as personal property because they are designed for mobility. Patents and copyrights fall under intellectual property, which involves intangible rights rather than physical items. Furniture and artwork are also considered personal property since they are movable before being affixed to a specific location, distinguishing them from the fixed characteristics of real property. Thus, land and buildings are exclusively categorized as real property.