Certified Residential Appraiser Practice Exam

Which of the following is NOT an attribute of land?

1. Unique in location and composition

2. Immobilization

3. Infinite in quantity

4. Durable and useful

The correct answer is: Infinite in quantity

Land is often characterized by specific attributes that define its nature and value. Among these attributes, the notion of "infinite in quantity" is not a characteristic of land. Rather, land is finite — the Earth's surface has a limited amount of land area available for use. The attribute of being "unique in location and composition" highlights how each piece of land possesses distinctive features and properties that make it stand out from others. This uniqueness is crucial in appraisals, as it significantly affects the value of the property. "Immobilization" refers to the fact that land cannot be moved. Unlike personal property, land is fixed in place and its value is largely determined by its location. This immovability plays a key role in real estate transactions and appraisals. "Durable and useful" pertains to the longevity and functionality of land. It can be utilized for various purposes such as residential, commercial, agricultural, and more, highlighting its practical applications over time. Therefore, the correct identification of "infinite in quantity" as not being an attribute of land emphasizes the reality of land's limited availability, distinguishing it from other attributes that define its uniqueness, immovability, and utility.