What characteristic distinguishes personal property from real property?

Personal property is characterized primarily by its general movability. Unlike real property, which includes land and anything permanently affixed to it—such as buildings or infrastructure—personal property is not fixed to a specific location and can be easily transported. This includes items like furniture, vehicles, and equipment that are not permanently attached to the land.

The focus on movability is critical because it establishes a fundamental legal distinction between these two categories of property. Real property is tied to its location, which can impact its value and use, while personal property is more flexible in nature, allowing for greater freedom in ownership and transferability.

Understanding this distinction is vital for students in real estate, as it affects property rights, taxation, and how property can be bought, sold, and secured.