Massachusetts Real Estate License Practice Test

What type of property includes rights that cannot be physically touched?

1. Fixture

2. Real Property

3. Corporeal Property

4. Intangible Property

The correct answer is: Intangible Property

The correct answer is intangible property. This term refers to assets that cannot be physically touched or held but still possess value. Examples include intellectual property, securities, and personal rights. In the context of real estate, intangible property may also encompass things like leases, licenses, and rights of way, which are not physical objects but represent ownership and usage rights linked to real estate. In contrast, fixtures, real property, and corporeal property all pertain to tangible assets. Fixtures refer to items that are permanently attached to real property, such as built-in appliances or lighting. Real property encompasses not only the physical land and structures but also the rights associated with ownership. Corporeal property specifically refers to tangible, physical objects that can be touched, further distinguishing it from intangible property. Each of these terms highlights the different types of property rights, but only intangible property correctly identifies rights that cannot be physically touched.