Tract

### What does the term "tract" refer to in real estate? - [x] A defined area of land. - [ ] A small plot used for gardening. - [ ] A small section of a building. - [ ] A type of real estate financing. > **Explanation:** In real estate, a 'tract' refers to a defined area of land, typically a large parcel intended for subdivision and development. ### What is the main purpose of a tract of land in real estate terms? - [ ] For temporary storage. - [x] For subdividing into smaller plots. - [ ] For recreational use only. - [ ] For historical preservation. > **Explanation:** A tract of land in real estate is generally held for the purpose of subdividing it into smaller plots for various uses such as residential, commercial, or industrial development. ### Which is not a common use of a subdivided tract? - [ ] Residential housing. - [ ] Industrial facilities. - [x] Airplane manufacturing. - [ ] Commercial buildings. > **Explanation:** While residential housing, industrial facilities, and commercial buildings are common uses for subdivided tracts of land, airplane manufacturing is not typically associated with such subdivisions. ### What is a subdivision? - [x] A tract of land divided into smaller plots. - [ ] The process of merging several small plots into one large tract. - [ ] Zoning regulation specification. - [ ] An individual residential home plot. > **Explanation:** A subdivision is a tract of land divided into smaller, more manageable plots for various forms of development. ### Why is zoning important in the context of a tract of land? - [x] It specifies permissible land uses within the tract. - [ ] It determines street names within the subdivision. - [ ] It records the historical significance of the land. - [ ] It funds the construction of the subdivisions. > **Explanation:** Zoning is important because it specifies the types of land use (e.g., residential, commercial, industrial) that are allowed in each designated tract or parcel, guiding the development process. ### Who generally handles the process of subdividing a tract of land? - [ ] Local homebuyers. - [ ] Government agencies. - [x] Real estate developers. - [ ] Agricultural workers. > **Explanation:** Real estate developers usually handle the process of subdividing a tract of land, from planning and obtaining necessary approvals to infrastructure development and marketing the subdivisions. ### What must developers often obtain before subdividing a tract? - [ ] A survey from local historians. - [ ] Approval from the local homeowners' association. - [x] Governmental approvals. - [ ] Recommendations from local schools. > **Explanation:** Before subdividing a tract, developers must typically obtain the necessary governmental approvals, ensuring that the proposed subdivision complies with zoning and land use regulations. ### In a tract subdivision, what is most likely to be included in residential development? - [ ] Large water reservoirs. - [ ] Forest conservation zones. - [x] Individual home lots. - [ ] Manufacturing plants. > **Explanation:** In a residential development involving a tract subdivision, individual home lots are typically a key component. ### Tracts are often located in which types of areas? - [x] Areas earmarked for development. - [ ] Historical landmarks. - [ ] Areas of environmental preservation. - [ ] Existing large metropolitan downtowns. > **Explanation:** Tracts are often located in areas earmarked for development, as they are poised for conversion into residential, commercial, or industrial subdivisions. ### What aspect of real estate is primarily associated with tracts? - [ ] Financing options. - [ ] Individual lease agreements. - [x] Development and subdivision. - [ ] Property maintenance services. > **Explanation:** The term 'tract' in real estate is primarily associated with the development and subdivision aspect, involving the division of large lands into smaller, developable plots.