Final answer:
A developer in the context of real estate is typically someone who subdivides a parcel of land into residential lots for development. The correct option D refers to an owner who has created at least 10 residential lots, aligning with the activities of land development and planning within suburban growth.
Step-by-step explanation:
When discussing the term developer, it generally refers to an individual or company involved in the business of real estate development. Based on the given definitions, the correct option for a developer definition in this context is
A developer is an owner of a parcel of land that has been subdivided into at least 10 residential lots.
This can be associated with entities that acquire large areas of land, often in rural or suburban settings, and create subdivisions for residential developments. They must adhere to a variety of regulations, such as zoning laws and subdivision ordinances, and often work closely with municipalities to align their projects with master plans. Developers play a critical role in the expansion of suburban areas and sometimes face opposition from slow growth coalitions that seek to mitigate unchecked development.
A well-known example of a real estate developer is William Levitt, known for his influence in the development of suburbs through mass-produced housing.