Leasing License Practice Exam

Are fixtures considered real property?

1. No, they are personal property

2. Yes, they are considered real property

3. Only if they are movable

4. It depends on the lease agreement

The correct answer is: Yes, they are considered real property

Fixtures are indeed considered real property because they are items that have been permanently attached to the land or to a building. When something is affixed to real estate in a way that it becomes part of the property, it typically loses its identity as personal property. This distinction is important in real estate law, as it affects ownership, property rights, and the transfer of property. For instance, when a homeowner installs a light fixture, a built-in appliance, or cabinetry, these items become part of the real estate and are included in the sale of the property. Thus, the correct answer reinforces the understanding that fixtures are tied to the property itself, impacting how they are treated in transactions or lease agreements. In contrast, personal property refers to movable items that are not permanently attached to the property, which is why the other choices do not align with the definition of fixtures and their classification in real estate law.