California · Chapter 01 of 59

Classes of Property and Property Characteristics

Real vs. personal property, fixtures, trade fixtures, land vs. improvements, and bundle of rights.

25-minute read · Built for the DRE Salesperson Exam

real propertypersonal propertyfixturestrade fixturesbundle of rightsMARIA test

Real vs. Personal Property

Real property includes land, anything permanently affixed to the land (buildings, fixtures), anything appurtenant to the land (easements, water rights), and the bundle of rights associated with ownership. Personal property (also called chattels or personalty) is everything else: movable items not permanently attached. A key distinction: real property transfers by deed; personal property transfers by bill of sale.

Civil Code §658-663

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