Magnet possess following properties/ characteristics.
Magnet always settles in the north-south direction.
The magnetic force is concentrated at the two ends or poles of a magnet.
If a magnet is divided into two parts, two independent magnets are formed. It means that the two poles of a magnet cannot be separated from each other.
A magnetic material acquires magnetism when placed near a magnet. This magnetism is called induced magnetism.
There is repulsion between like poles of a magnet, while there is attraction between the opposite poles.