Which term refers to a physical division of land, often seen in real estate?

The term that refers to a physical division of land, often encountered in real estate, is a section. In the context of land surveying and subdivision, a section is a unit of land that is typically one square mile in size and is part of the public land survey system used in many parts of the United States. This system divides land into sections, each containing 640 acres, which helps facilitate the identification, sale, and development of real estate.

Understanding the significance of a section is crucial for professionals in the real estate field, as it provides a standardized way to describe large tracts of land. Sections are further subdivided into smaller units called lots or parcels, relevant in the context of residential or commercial development. This term is especially important when discussing zoning, property taxes, and land use planning.

In contrast, while terms like property parcel, tier, and lot refer to land divisions, they carry different meanings. A property parcel is a defined piece of land that may consist of one or more lots. A tier refers to a row of sections, typically in a north-south direction in the survey system, and a lot is a smaller division of land within a parcel, often appearing in urban contexts. Understanding these distinctions is key to navigating real estate