Which three characteristics are commonly recognized for physical characteristics of land?

The correct answer encompasses three essential traits that define the physical characteristics of land.

Immobility refers to the fact that land cannot be moved from one location to another; it is a fixed asset that exists in a specific geographical location. This trait significantly influences land value and market dynamics.

Permanence highlights the long-lasting nature of land and its resources. Unlike many other assets, land cannot be depleted or destroyed in the same way that personal property can, making it a stable investment over time.

Uniqueness, or non-homogeneity, signifies that no two parcels of land are exactly alike. Each piece of land has its own physical characteristics, such as topography, location, and soil quality, all of which contribute to its distinct value and use.

Together, these three characteristics—immobility, permanence, and uniqueness—provide a foundational understanding of how land is valued and treated within real estate and property ownership contexts.