Title: Describe the difference between personal property and real property, including the differences between fixtures and trade fixtures.
Course: Real Estate (12154) > Section: Analyzing the Real Estate Market

Description should include defining and giving examples of

- personal property
- real property
- fixtures
- trade fixtures.

Description should also include the circumstances surrounding how each of these may change.

Description should include legal definition of these terms as provided by the Real Estate Commission or commission-approved textbooks.

DPOR correlations: 18VAC135-20-400. 2 (Real estate market and analysis); 18VAC135-20-400. 3 (Property rights); 18VAC135-20-400. 11 (Real property and title insurance)

Process/Skill Questions:

- What is the difference between personal property and real property?
- What are three examples of personal property?
- What is the difference between a fixture and a trade fixture? Give three examples of each.