Which of the following is NOT a component of real property?

The correct answer identifies personal effects in the home as not being a component of real property. Real property is generally defined to include the land and anything permanently attached to it, such as buildings and improvements. Buildings, unimproved land, and land improvements all relate to the physical characteristics of real estate.

Personal effects, on the other hand, refer to movable items or personal belongings that are not fixed to the property, such as furniture or personal items that individuals may own. This distinction is important in real estate because items considered personal effects do not convey with the property during a sale unless specifically included in the transaction terms. Understanding this classification helps buyers and sellers navigate what is part of the property in real estate agreements.