Real Estate Exam [National] 04, Physical Characteristics of Land Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Immobility ensures that land transactions are always governed by the laws of the jurisdiction where the land is located. • Indestructibility is the physical characteristic that prevents land from being depreciated for tax purposes. • Uniqueness, also known as non-homogeneity, is the legal basis for the...