What is referred to as moveable property, such as cars and furniture?

Study for the ASU REA380 Real Estate Fundamentals Exam. Use flashcards, multiple choice questions, and get hints and explanations for each question. Prepare thoroughly for your exam!

The term that describes moveable property, such as cars and furniture, is personal property. Personal property refers to items that are not permanently attached to land or buildings and can be easily moved. This includes various tangible assets that individuals or businesses own, which do not constitute real estate or real property.

In contrast, real estate pertains to land and anything permanently attached to it, such as buildings or structures, while real property extends that concept to include the legal rights associated with owning land and its improvements. Title refers to the legal right to own or use an asset, and it does not correlate specifically to the classification of moveable items. By identifying the correct definition of personal property, one can better understand the distinctions between these types of property and the legal implications associated with each.

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