Real Estate Council of Alberta Fundamentals Practice Exam

Which of the following characteristics does NOT describe land?

1. Immobile

2. Intangible

3. Rigid

4. Unique

The correct answer is: Intangible

Land is characterized by several distinct attributes, and understanding these traits helps clarify why "intangible" does not apply. Land is immobile, meaning it cannot be moved from one location to another. This characteristic emphasizes that the physical location of land is fixed and intrinsic, allowing for assessment and valuation based on its geographic position. Additionally, land is considered rigid because it does not yield easily to pressure or outside influences; it retains its shape and location despite various external factors. Moreover, land is unique, as no two parcels are exactly identical. Each piece of land has its own specific attributes, such as location, topography, and natural resources, which contribute to its value and can influence real estate decisions. By contrast, "intangible" is a term that typically refers to assets that lack a physical presence, such as goodwill or intellectual property. Land, being a tangible asset, can be physically touched, measured, and valued in concrete terms. Thus, it is clear that the characteristic "intangible" does not describe land accurately.