Which of the following is NOT a distinguishing characteristic of real property?

Real property is defined by several key characteristics that set it apart from other types of assets. The correct response in this case, malleability, is not a distinguishing characteristic of real property.

Permanence refers to the enduring nature of land and buildings; they are not quickly or easily replaced, which adds to their value and significance. Non-homogeneity indicates that no two parcels of real estate are exactly alike; each property has its unique location, features, and attributes, making it distinct. Immobility emphasizes that real property cannot be moved; land is fixed in one location.

In contrast, malleability pertains to the ability of a material to be shaped or molded, a characteristic more relevant to physical substances like metals or clay rather than real estate. This concept does not apply to real property, which consists of land and any structures affixed to it that possess permanence, uniqueness, and immovability.