PSI Oklahoma Real Estate Practice Test

The detached garage of a house built in 1951 would be classified as what type of property?

1. Personal Property

2. Fixture

3. Real Property

4. Intangible Property

The correct answer is: Real Property

A detached garage built as part of a residential property is classified as real property. Real property encompasses land and anything that is permanently attached to it, which includes buildings, fixtures, and other improvements. In this case, the garage, though separate from the main house, is a permanent structure that is typically considered part of the overall real estate. Personal property refers to movable items that are not classified as real estate, such as furniture or appliances that can be removed without affecting the structure. Fixtures are items that were once personal property but have been permanently affixed to the real estate, making them part of the real property; a detached garage, however, is already considered part of the real property itself. Intangible property refers to non-physical assets such as stocks or intellectual property, which do not apply in this context. Therefore, the classification of the detached garage as real property is accurate because it fits the criteria of being a permanent structure associated with the land.