Real Estate vs. Real Property: Differences & Terms

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

An apple attached to the tree is considered _____ property, while an apple that has fallen to the ground is considered _____ property.

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1. The process by which personal property becomes part of real property is known as what?

2. Which of the following is the BEST and most inclusive definition of personal property?

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About This Quiz & Worksheet

It is beneficial for anyone who has a stake in real estate to learn the proper definitions of real estate and real property. In this quiz and worksheet combination, you will be asked to accurately explain real estate versus real property, and other pertinent vocabulary.

Quiz & Worksheet Goals

This quiz will test you on:

  • The definition of personal property
  • An example of intangible property
  • Real property versus real estate
  • The transition of personal property to real property

Skills Practiced

You will have an opportunity to practice these study skills during the time you spend on the quiz:

  • Making connections - use understanding of the concepts of real and personal property to properly identify each within an example
  • Defining key concepts - ensure that you can accurately define main phrases, such as personal property
  • Distinguishing differences - compare and contrast topics from the lesson, such as real property and real estate
  • Knowledge application - use your knowledge to identify an example of intangible property

Additional Learning

Strengthen your grasp on the differences between real property and real estate by reviewing the accompanying lesson, Real Estate vs. Real Property: Differences & Terms. This lesson will focus on the following objectives:

  • Explain the importance of knowing the different property types
  • Differentiate between real estate and real property
  • Define what is considered an improvement to real estate
  • Understand personal property
  • Review the different aspects of the process of transferring personal property to real property
  • Address the process of converting real property to personal property
  • Analyze property that is tangible and intangible
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