Which of the following describes real property?

The description of real property as permanently affixed and tangible is accurate because real property refers to land and anything that is permanently attached to it, such as buildings and other structures. This permanence distinguishes real property from personal property, which is movable and not fixed to a specific location. The concept of tangibility implies that real property has a physical presence that can be seen and touched, reinforcing its classification as real estate.

In the realm of assessment and property categorization, understanding that real property encompasses both the land itself and anything that is permanently affixed to it is essential. This includes improvements made to the land, which are integral to its value and use. Such characteristics help assessors effectively evaluate property for taxation and ensure accurate reporting of property types.

While other options mention aspects of property, they do not accurately define real property: for instance, the notion of being only investment-related does not encompass the broader principles of real property ownership, which can include residential, commercial, and agricultural uses beyond mere investment. Similarly, terms like intangible and movable do not apply to real property, as it is both fixed in location and physically present.