Massachusetts Real Estate License Practice Test

Which term describes intangible rights associated with property?

1. Corporeal Property

2. Real Property

3. Tangible Personal Property

4. Intangible Personal Property

The correct answer is: Intangible Personal Property

The term that describes intangible rights associated with property is indeed intangible personal property. This category includes rights that cannot be physically touched or possessed but still hold value and can be owned or transferred. Examples of intangible personal property include trademarks, copyrights, stocks, and patents. In contrast, corporeal property refers to physical, tangible items that can be touched and moved, such as real estate or personal belongings. Real property specifically relates to land and anything permanently attached to it, such as buildings or fixtures, all of which are also tangible. Tangible personal property encompasses physical items that are movable, like furniture or vehicles. This clarity on the definitions highlights why the correct answer focuses on the intangible aspects rather than the tangible, physical properties.