North Dakota Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Get ready for the North Dakota Real Estate Exam. Prepare with flashcards, multiple choice questions, and expert-curated content to ensure your success. Improve your knowledge and tackle the exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is defined as land that is divided for the purpose of disposition into five or more lots, parcels, or units?

Vacant land
Subdivided lands
Commercial property
Residential property

The correct answer is: Subdivided lands

Land that is divided for the purpose of disposition into five or more lots, parcels, or units is classified as subdivided lands. This classification is important in real estate as it pertains to regulations and zoning laws relevant to developing land for residential or commercial activities. In many jurisdictions, including North Dakota, the term "subdivided land" is specifically used to indicate that the land has been intentionally separated into smaller units for sale or development. The significance of this definition lies in its implications for property development, investment, and legal considerations involving land use and infrastructure planning, including the need for various permits and adherence to local planning regulations. Identifying land as subdivided helps ensure that prospective buyers and developers comply with these laws and understand the nature of their investment.