What does "dedication" refer to in real estate?

In real estate, "dedication" refers specifically to the donation of real estate for public use, which aligns perfectly with option B. This process often involves a property owner voluntarily offering land to a governmental body for public purposes, like parks, roads, or utilities. Dedication is a fundamental concept in urban planning and development that promotes the community's welfare by facilitating public projects.

While other choices involve significant aspects of real estate, they do not capture the essence of dedication. For instance, transferring property ownership pertains to sales or conveyances rather than donations for public benefit. Securing a loan relates to financing but is not the same as giving land for public use. Lastly, establishing property boundaries deals with defining land limits, which is a crucial aspect of property management but distinct from the act of dedicating land for public services. Understanding dedication is important for recognizing how private property can contribute to public resources and community development.