Final answer:
The maximum number of lots in a subdivision that a person may own and sell without having to apply for a public report is typically four or fewer lots.
Step-by-step explanation:
The maximum number of lots in a subdivision that a person may own and sell without having to apply for a public report can vary depending on the jurisdiction and local regulations. However, in general, the threshold is commonly set at four or fewer lots.
For example, in the United States, the Federal Interstate Land Sales Full Disclosure Act (ILSA) exempts transactions involving four or fewer lots from the requirement of providing a public report.
Some states may have additional regulations, so it is important to consult the specific laws in your jurisdiction.