Real Property and Personal Property Concepts

This video tutorial by Maggie Dioso covers the essential differences between real property and personal property, crucial for real estate exams. It explains the concept of fixtures, items that transition from personal to real property, and introduces the MARIA test to determine fixture status. The video includes practice questions to reinforce learning and concludes with resources for further study.

What is considered real property?

• Furniture

• A lamp

• A house and the land it is on

• A potted plant

Which of the following is an example of personal property?

• A house

• A chandelier before installation

• A built-in bookcase

• A cemented swing set

What happens to a ceiling fan once it is installed in a home?

• It becomes a fixture and part of real property

• It remains personal property

• It is classified as movable property

• It is considered a temporary addition

Which test helps determine if an item is a fixture?

• The Attachment test

• The Real Estate test

• The MARIA test

• The Property test

What does the 'A' in MARIA stand for?

• Assessment

• Agreement

• Adaptability

• Attachment

Which factor in the MARIA test considers the relationship between parties?

• Intention

• Relationship

• Adaptability

• Method of attachment

Which of the following is NOT a fixture?

• Permanently installed hot tub

• Freestanding bookcase

• Custom fitted window blinds

• Built-in microwave

Which factor considers if an item is designed specifically for a property?

• Intention

• Adaptability

• Method of attachment

• Agreement

Which of the following is most likely personal property?

• Wall-to-wall carpeting

• Garden shed bolted to concrete

• Built-in dishwasher

• Portable hot tub

Which test determines if an item is real or personal property by its attachment?

• Intention

• Method of attachment

• Relationship

• Adaptability