5 Questions
What does the term 'tract' refer to in the context of land?
A piece of land with clearly established boundaries
How is the term 'farm' defined in the context of land?
One or more parcels of land dedicated to agriculture or livestock
What is a common example of a 'tract' of land?
640 acres of land
How is a 'tract' different from a 'lot'?
A tract can refer to a single lot or an area with multiple lots within it
What does the term 'section' commonly refer to in the context of land?
640 acres of land
Test your knowledge of land types and terminology with this quiz designed for real estate investors. Learn about various land parcel terminology and gain a better understanding of the unique words and technical jargon used in the vacant land sector.
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