CFM Exam Dumps | What is the definition of "real property"?

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Question 90/122

What is the definition of "real property"?

A. Things located within buildings such as furniture, accessories, appliances, etc.

B. Property that has nothing artificial on it, only natural materials.

C. Land, buildings, and machinery or equipment.

D. Inventory and loose materials.

Correct Answer: C

Real property refers to land and anything permanently attached to it, including buildings, structures, and fixed machinery or equipment. This includes:
* Land - Natural terrain, lots, plots.
* Buildings - Homes, commercial offices, industrial spaces.
* Fixed Equipment - Machinery installed as part of the property (e.g., HVAC systems, elevators).
In contrast, personal property (Option A & D) includes movable items like furniture and appliances, while undeveloped land (Option B) does not account for infrastructure.

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