Certified Residential Appraiser Practice Exam

Which item is least likely to be considered part of real estate?

1. Fixed lighting

2. Built-in appliances

3. Window air conditioner

4. Hardwood floors

The correct answer is: Window air conditioner

The item that is least likely to be considered part of real estate is a window air conditioner. Real estate generally encompasses items that are permanently affixed or inherent to the property, contributing to its value as part of the land and structures. Fixed lighting, built-in appliances, and hardwood floors are examples of fixtures that are typically intended to remain with the property and are therefore classified as part of the real estate. A window air conditioner, on the other hand, is typically seen as a movable personal property item. It is usually installed in a window and can be easily removed, hence it does not meet the criteria of being a permanent fixture. This distinction is important in appraisals, as it influences the valuation of the property and what is conveyed in a sale. Understanding which items are considered real property is crucial for accurate assessments in the appraisal process.