Humber/Ontario Real Estate Course 4 Exam Practice

Which of the following best defines 'chattels' in real estate transactions?

1. Fixtures that are permanently attached to the property.

2. Items usually included in the property title.

3. Moveable personal property items included in the sale.

4. Any real estate property.

5. Legal documentation of property ownership.

6. Items that increase the property's structural integrity.

The correct answer is: Moveable personal property items included in the sale.

'Chattels' in real estate transactions refers specifically to moveable personal property items that are not fixed to the land or the structure itself. This definition highlights that chattels can include a variety of items such as furniture, appliances, and other goods that can be easily removed from the property without causing damage. In many real estate transactions, it is important to clarify which chattels are included in the sale, as they are distinct from fixtures, which are items that are permanently attached to the property and typically remain with it after a sale. While some of the other options discuss aspects of property ownership, structural components, or documentation, they do not accurately capture the essence of what chattels are within the context of real estate. Understanding the distinction between chattels and other types of property is crucial for buyers and sellers to ensure clarity in what is being negotiated in a real estate transaction.