Individual lots combined to make a block are called?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Prepare for the Real Estate Principles 1 Exam. Use flashcards and multiple-choice questions with hints and explanations to ensure success. Get exam-ready today!

Multiple Choice

Individual lots combined to make a block are called?

Explanation:
In real estate, each separate piece of land with defined boundaries is called a parcel. When you look at a subdivision, the individual lots—each with its own size and boundaries—are parcels, and several parcels can be grouped into a block. A plat is the map that shows how those parcels and blocks are laid out, not the name of the individual pieces themselves. So the best term for the individual lots is parcels. The other terms describe larger land areas (tracts), ownership or property interests (estates), or the map that shows the layout (plats).

In real estate, each separate piece of land with defined boundaries is called a parcel. When you look at a subdivision, the individual lots—each with its own size and boundaries—are parcels, and several parcels can be grouped into a block. A plat is the map that shows how those parcels and blocks are laid out, not the name of the individual pieces themselves. So the best term for the individual lots is parcels. The other terms describe larger land areas (tracts), ownership or property interests (estates), or the map that shows the layout (plats).

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy