What term describes the process of dividing land into parcels for sale?

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Multiple Choice

What term describes the process of dividing land into parcels for sale?

Explanation:
Dividing land into parcels for sale is described as subdividing and development. Subdividing means splitting a larger tract into smaller lots. Development adds the planning and improvements—such as streets, utilities, and drainage—necessary to prepare those parcels for sale and use. A subdivision plat map is the official drawing that shows the new lot lines, street layouts, and easements, and is used for recording with the county. Dedication refers to giving land or rights of way to a government entity for public use, not the act of selling parcels. Federally related transaction relates to certain mortgage loans, not land division. So, subdividing and development best captures the whole process of turning a tract into saleable parcels.

Dividing land into parcels for sale is described as subdividing and development. Subdividing means splitting a larger tract into smaller lots. Development adds the planning and improvements—such as streets, utilities, and drainage—necessary to prepare those parcels for sale and use. A subdivision plat map is the official drawing that shows the new lot lines, street layouts, and easements, and is used for recording with the county. Dedication refers to giving land or rights of way to a government entity for public use, not the act of selling parcels. Federally related transaction relates to certain mortgage loans, not land division. So, subdividing and development best captures the whole process of turning a tract into saleable parcels.

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