Oregon Property Appraiser Practice Exam 2025 – The All-In-One Guide to Master Your Certification!

Question: 1 / 400

What distinguishes real property from personal property?

Whether the property is owned

Whether it is affixed or movable

The distinction between real property and personal property primarily hinges on the permanence and attachment of the property to the land. Real property refers to land and anything permanently affixed to it, such as buildings, trees, and other structures. In contrast, personal property consists of movable items that are not permanently attached to the land, like furniture, vehicles, and appliances. This classification is crucial in property law and has implications for ownership, taxation, and transfer of property rights.

Affixed items contribute to the value and usability of the real property, while movable items do not have this permanent connection. Understanding this distinction is fundamental for appraisers, real estate professionals, and property owners alike, as it affects how property is assessed, bought, and sold.

Get further explanation with Examzify DeepDiveBeta

The market value of the property

The age of the property

Next Question

Report this question

Download Oregon Property Appraiser Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy