Delaware Salesperson Pre-License Practice Exam

Real property, also known as real estate, is defined by specific characteristics that differentiate it from personal property. One fundamental characteristic of real property is that it is immovable. Therefore, the correct answer indicates that it is movable, which contradicts the essential nature of real property.

Real property typically has a fixed location, meaning it cannot be relocated without significant alterations. Additionally, it includes fixtures and attachments, such as buildings or other structures permanently affixed to the land. Furthermore, real property involves ownership rights, which encompass legal rights associated with the property, including usage, rental, and transfer of ownership.

Understanding these characteristics helps delineate real property from personal property, which is movable and can be easily transported. This distinction is critical in real estate practice, as it influences legal rights, taxation, and property transactions.