Fixtures
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Welcome to the course!
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The Real Estate Business
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Law & Qualifications
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License Law And Commission Rules
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Authorized Relationships, Duties, And Disclosure
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Brokerage Offices and Branch Requirements
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Violations Of License Law, Penalties And Procedures
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Chapter 8
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Property Rights
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Title, Deeds And Ownership Restrictions
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Legal Descriptions
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Real Estate Contracts
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Residential Mortgages
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Types of mortgages
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The Real Estate Markets And Analysis
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Real Estate Appraisal
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Real Estate Investments And Business Opportunity Brokerage
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Taxes Affecting Real Estate
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Planning, Zoning And Environmental Hazards
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Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Property Rights
Section 6 of 28
Fixtures: The Gray Area. When Personal Becomes Real. This is where it gets tricky. A Fixture is an item that used to be personal property but has been attached to the land or building in such a way that it is now legally considered Real Property.When you buy a ceiling fan at Home Depot, it is in a box. It is Personal Property. You put it in your trunk and drive home. Once you wire it into the ceiling and screw it into the joist, it becomes a Fixture. It is now part of the house.The Rule: If you sell the house, the fixture stays. You cannot take the ceiling fan with you unless you explicitly exclude it in the contract.
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