Which is an example of personal property?

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

Wheat just harvested in the field is classified as personal property because it is movable and not permanently affixed to the land. Personal property generally includes items that can be transported or are not considered part of the real estate. When wheat is harvested, it becomes something that can be easily sold, transported, or otherwise dealt with independently of the land where it was grown.

Custom-made draperies, while they may be movable, are typically considered fixtures and thus part of the real estate when they are installed. Minerals under the land fall under the category of real property because they are considered part of the land itself. A picket fence, although it may appear movable, is generally regarded as a fixture since it is permanently attached to the land and contributes to the property's value.

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