PSI Oklahoma Real Estate Practice Test

What is a common characteristic of real property?

1. It can be easily moved

2. It includes structures and land

3. It is always owned by the state

4. It cannot be rented

The correct answer is: It includes structures and land

Real property is defined as land and anything permanently attached to it, such as buildings, trees, and other structures. This characteristic is foundational to the concept of real estate because it encompasses not only the land itself but also any developments made on that land. When considering properties, understanding that real estate includes both the physical land and the structures situated on it helps clarify the difference between real property and personal property, which can be moved and is not permanently affixed to one location. The other options do not align with the definition of real property. For instance, real property is typically defined by its permanence and immobility; therefore, it cannot be easily moved. Furthermore, although real property can be owned by the state, it is not always the case, as private ownership is common. Additionally, real property can indeed be rented or leased, making the assertion that it cannot be rented inaccurate. Thus, the fundamental nature of real property as inclusive of both land and structures is accurately represented in the chosen response.