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The difference between real and personal property is as significant as the difference between apples and Oranges. Apples and oranges are both fruit but are still completely different. You can't make Orange Juice from apples and you can't make apple pie from oranges.

Real property is the land and anything attached to it. Ownership of real property is a matter of public record and that record is maintained in various land records systems used in jurisdictions that allow private ownership of real property. Personal property is anything you own other than real property and is divided into two categories: tangible and intangible.

Tangible personal property is something you can touch and is movable. Intangible personal property is property that has no physical existence. Examples are: stocks, bonds, bank notes, trade secrets, patents, copyrights, professional reputation, goodwill and trademarks. Some "untouchable" items may be represented by a certificate or license.

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Q: How significant is that classification today real property and personal property?
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