Which of the following is NOT one of the three basic tests to distinguish between real and personal property?

Study for the Appraiser I and II Exam. Prepare with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for your exam!

The option labeled "Transference" is not one of the traditional tests used to distinguish between real and personal property. In real estate, the three basic tests are Annexation, Adaptation, and Agreement.

Annexation refers to how a personal item is physically attached to the land or a structure, which can help determine if it has become part of the real property. Adaptation examines whether an item is essential to the use of the property or customized for its particular function, which can indicate whether it is considered real property. The Agreement test reflects the intentions of the parties involved, where an agreement can clarify the status of a property item.

Transference, while a relevant concept in property law, does not specifically pertain to the tests for differentiating between real and personal property. Instead, it generally relates to the process of transferring ownership or title of property. Thus, the omission of Transference from the basic tests underscores its irrelevance to the classification of property types in the context of real estate appraisal.

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