NCEES Principles and Practice of Surveying Practice Exam

Which type of property refers to items that can be taken, consumed, or moved?

1. Real Property

2. Fixed Property

3. Personal Property

4. Immovable Property

The correct answer is: Personal Property

The correct choice refers to items that are movable and can be taken or consumed, such as furniture, vehicles, electronics, and personal belongings. This category of property is distinct from other types of property in that it encompasses tangible items that are not fixed to a particular location and can easily be relocated. Personal property can be further divided into two categories: tangible personal property, which includes physical items, and intangible personal property, which includes rights and claims such as stocks or patents. In contrast, real property refers to land and anything permanently attached to it, such as buildings or fixtures, which cannot be easily moved. Fixed property is a term often used synonymously with real property, thus reinforcing the classification of immoveable assets. Immovable property also aligns with the definition of real property, emphasizing items that are attached to the earth and cannot be easily transferred. Understanding these distinctions is crucial in fields such as surveying and property law, where accurate categorization of property types can have significant legal and financial implications.