Fixity refers to the fact that:

Fixity refers to the fact that:

• A. Land can be moved freely
• B. Land cannot be moved
• C. Land depreciates quickly
• D. Land is intangible

Answer: (B)

Fixity means land is immobile and fixed in its location. This is a fundamental trait of real estate: the land itself cannot be moved, and its value is closely tied to where it sits. Because land can’t be relocated, the market emphasizes location, scarcity, and the surrounding amenities, and the supply of land at a given spot is effectively fixed. Other ideas don’t fit fixity. The notion that land can be moved freely contradicts the essence of fixity. The idea that land depreciates quickly isn’t generally accurate—land itself is typically not depreciated in the way improvements are, and it often holds or increases value over time depending on location. The idea that land is intangible is also incorrect, since land is tangible real property you can physically perceive.

Fixity means land is immobile and fixed in its location. This is a fundamental trait of real estate: the land itself cannot be moved, and its value is closely tied to where it sits. Because land can’t be relocated, the market emphasizes location, scarcity, and the surrounding amenities, and the supply of land at a given spot is effectively fixed.

Other ideas don’t fit fixity. The notion that land can be moved freely contradicts the essence of fixity. The idea that land depreciates quickly isn’t generally accurate—land itself is typically not depreciated in the way improvements are, and it often holds or increases value over time depending on location. The idea that land is intangible is also incorrect, since land is tangible real property you can physically perceive.