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The physical characteristic of land known as 'immobility' refers to:

Correct Answer

D) The fixed geographic location of land

Immobility means land has a fixed geographic location. Its legal boundaries and permitted uses may change, and improvements can be altered. Location makes surrounding uses and local market conditions relevant to value.

Answer Options
A
The inability to change property boundaries
B
The permanence of improvements
C
Restrictions on property transfers
D
The fixed geographic location of land

Why This Is the Correct Answer

Immobility means land has a fixed geographic location. Its legal boundaries and permitted uses may change, and improvements can be altered. Location makes surrounding uses and local market conditions relevant to value.

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