North Dakota Real Estate Practice Exam

The term 'subdivided lands' in North Dakota is best defined as land offered as part of a common promotional plan. This definition encompasses the concept that subdivided lands are typically a portion of a larger tract of land that has been divided into smaller parcels for various purposes, often to be marketed or sold as individual lots in a way that highlights the overall development plan or theme. This definition is significant because it captures the essence of real estate development, where multiple individual sales are linked by a shared marketing strategy, whether for residential, commercial, or mixed-use purposes. It distinguishes subdivided lands from areas designed for single-family homes exclusively or land simply classified by its setting or commercial status. Subdivision is not limited by the type of property, so other contexts like urban settings or solely commercial properties do not fully express the broader scope captured by a common promotional plan.