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Let’s talk about the different types of lands and their uses. PEI vacant land & lots for sale are generally divided into several defined categories. These include,
In addition there are land use classifications. Some land is intended for home building, others for recreational use, while still other land is intended for industrial/commercial use or agricultural purposes. Either way it is important to understand zoning and land use regulations. On PEI we also have specific rules and regaulations regarding how much land and how much shorefront and individual or corporation might own. These regulations are administered by IRAC, the Island Regulatory & Appeals Commission.
The use and management of land is important to everyone. The real estate industry is committed to the sale of lands to responsible parties who will maintain responsible stewardship of the land. This is entranced in the NAR, National Association of Realtors® Code of Ethics
“Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.”
NAR’s Code of Ethics preamble