Real Estate Investor Land Terminology Quiz
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Questions and Answers

What does the term 'tract' refer to in the context of land?

  • An area with unspecified boundaries
  • A small plot of land for agriculture
  • A large section of land used for industrial purposes
  • A piece of land with clearly established boundaries (correct)

    • How is the term 'farm' defined in the context of land?

  • One or more parcels of land dedicated to agriculture or livestock (correct)
  • A piece of land with no agricultural potential
  • A specific type of land with defined boundaries
  • A large area of land used for commercial purposes

    • What is a common example of a 'tract' of land?

  • 1 acre of land
  • 5 acres of land
  • 10 acres of land
  • 640 acres of land (correct)

    • How is a 'tract' different from a 'lot'?

    <p>A tract can refer to a single lot or an area with multiple lots within it</p> Signup and view all the answers

    What does the term 'section' commonly refer to in the context of land?

    <p>640 acres of land</p> Signup and view all the answers

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