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In the case of a transfer of ownership of real estate, what is normally assumed about a fixture?

  1. It is leased and not included

  2. It is personal property

  3. It is assumed to be included in the transfer

  4. It must be negotiated separately

The correct answer is: It is assumed to be included in the transfer

When there is a transfer of ownership of real estate, fixtures are generally considered to be included in the transaction unless stated otherwise. This means that they become a part of the property and are owned by the new owner. Option A, B, and D are incorrect because fixtures are assumed to be included in the transfer, not leased, not personal property, and do not need to be negotiated separately. It is important to clarify and specify any fixtures that will not be included in the sale to avoid disputes or misunderstandings.