Illinois Real Estate Practice Exam

Before the close of escrow, what can a seller remove from a property in a transaction?

1. Permanent fixtures like light fixtures

2. Trade fixtures

3. Structural components like walls

4. Landscaping features

The correct answer is: Trade fixtures

The correct choice is to allow the removal of trade fixtures before the close of escrow. Trade fixtures are items that a tenant installs in a rental property to carry on their business. These fixtures are considered personal property, and tenants have the right to remove them before the end of their tenancy, assuming they do not cause damage to the property in the process. In contrast, permanent fixtures, such as light fixtures or structural components like walls, are generally considered part of the real property and are expected to remain with the property upon the sale. Landscaping features, depending on the context, are often tied to the property as well and may not be easily removed without affecting the value and integrity of the real estate. Understanding the distinction between trade fixtures and other types of fixtures is crucial in real estate transactions, as it impacts what can be removed and what must stay with the property.