IFMA Exam CFM Topic 4 Question 6 Discussion

Actual exam question for IFMA's CFM exam

Question #: 6
Topic #: 4

[All CFM Questions]

What is the definition of "real property"?

AThings located within buildings such as furniture, accessories, appliances, etc.

BProperty that has nothing artificial on it, only natural materials.

CLand, buildings, and machinery or equipment.

DInventory and loose materials.

Show Suggested Answer

Suggested Answer: C

Real property refers to land and anything permanently attached to it, including buildings, structures, and fixed machinery or equipment. This includes:

Land -- Natural terrain, lots, plots.

Buildings -- Homes, commercial offices, industrial spaces.

Fixed Equipment -- Machinery installed as part of the property (e.g., HVAC systems, elevators).

In contrast, personal property (Option A & D) includes movable items like furniture and appliances, while undeveloped land (Option B) does not account for infrastructure.

by Jade at Mar 09, 2025, 06:42 PM

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28 days ago

C) Land, buildings, and machinery or equipment. That's the textbook definition, right?

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Kristin

18 days ago

Yes, that's correct. Real property includes land, buildings, and machinery or equipment.

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Glendora

28 days ago

I'm not sure, but I think it might be A) Things located within buildings such as furniture, accessories, appliances, etc.

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Macy

29 days ago

I agree with Moira, C) Land, buildings, and machinery or equipment make up real property.

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Moira

1 months ago

I think the definition of 'real property' is C) Land, buildings, and machinery or equipment.

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