When a developer acquires land and records a plat map, what is this method commonly referred to?

The method being referred to when a developer acquires land and records a plat map is commonly known as subdivision development. This process entails dividing a large tract of land into smaller parcels or lots, which can then be developed or sold individually. The plat map serves as an official document that outlines the layout of the subdivision, including streets, lots, and any common areas.

Subdivision development is a crucial step in real estate, as it allows for organized development of land in accordance with local zoning laws and regulations. It typically involves adhering to guidelines related to infrastructure, access, and amenities, which must be considered to ensure both the quality and legality of the new housing or commercial areas being created.

Understanding subdivision development is essential for any real estate professional, as it involves not just the physical aspects of land development but also the legal and administrative processes necessary to bring a development project to fruition.