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What are the three physical characteristics of Land?

  1. Homogeneity, Mobility, Destructibility

  2. Non-Destructibility, Non-Homogeneity, Mobility

  3. Nonhomogeneity, Immobility, Indestructibility

  4. Homogeneity, Immobility, Destructibility

The correct answer is: Nonhomogeneity, Immobility, Indestructibility

The three physical characteristics of land are nonhomogeneity, immobility, and indestructibility. Nonhomogeneity refers to the unique nature of each parcel of land, as no two pieces of land are exactly alike. Each one has distinct characteristics in terms of location, shape, size, and other physical attributes. This uniqueness affects how land is valued and how it can be developed or used. Immobility highlights the fact that land cannot be moved from one location to another. It remains fixed in its geographical location, which influences the real estate market, as the value of land is often tied to its location and the surrounding area. Indestructibility emphasizes that land itself is permanent and cannot be destroyed, although buildings or improvements on the land can be removed or demolished. This characteristic ensures that land retains its value over time, regardless of changes that may occur above it. These characteristics are critical in real estate as they influence how properties are treated in terms of valuation, legal considerations, and market dynamics.