What type of property includes land, buildings, and minerals?

Prepare for the Funeral Service Education (FSE) National Board Exam with comprehensive resources. Access multiple choice questions, flashcards, and detailed explanations to boost your confidence and improve your knowledge. Ace the exam seamlessly!

The correct choice is real property, which encompasses land and anything permanently attached to it, such as buildings, as well as the natural resources found within, like minerals. Real property is distinguished from personal property by its permanence and the fact that it cannot be moved. This category of property is essential in various legal contexts, including wills and estate planning, as it can significantly impact asset distribution after death.

In contrast, tangible property includes items that can be physically touched, but this term can cover both real and personal property. Personal property refers to movable assets that aren’t fixed to land, like furniture or vehicles, while intangible property refers to items that do not have a physical presence, such as stocks, bonds, or intellectual property rights. Thus, real property is specifically defined as land and anything permanently affixed to it, making it the accurate answer in this context.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy