Question

While moving into a newly purchased home, the buyer discovered that the seller had taken the ceiling fan that hung over the dining room table. The seller has not indicated that the ceiling fan would be removed, and the contract did not address this issue. Which statement is TRUE

Answer 1

Options :

a. Ceiling fans are usually considered real estate.

b. The ceiling fan belongs to the seller.

c. Ceiling fans are considered trade fixtures.

d. Ceiling fans are considered personal property.

Answer: a. Ceiling fans are usually considered real estate.

Explanation: The ceiling fan should be transferred to the buyer as it is considered real estate. Items of this nature becomes part of the real estate property as they have become attached to the home. Also, since ceiling fan is present at the time of purchase and there was no written or verbal agreement that it will be detached from the property once the property is sold. Therefore, the ceiling fan is a real estate and should be a part of what was purchased by the buyer.