Affiliate Broker Tennessee (TN PSI) National Practice Exam `

Which of the following is considered personal property?

1. Attached fixtures

2. Free-standing TV

3. Built-in cabinets

4. Above-ground pool

The correct answer is: Free-standing TV

Personal property refers to movable items that are not permanently affixed to a particular location. In this context, a free-standing TV is considered personal property because it is not attached to the structure of a home or building and can be easily removed without causing damage to the property. In contrast, attached fixtures, built-in cabinets, and an above-ground pool are classified as real property because they are either affixed to the property or not easily movable without impacting the property itself. Attached fixtures are permanently attached to the property, while built-in cabinets are part of the structure. Although an above-ground pool can be removed, it is often considered a fixture when it is installed with a level of permanence or connection to the property. Thus, the free-standing TV stands out as the correct answer, exemplifying an item of personal property that retains its mobile and transferable nature.