Property ValuationIntermediateDelaware Exam
What is 'assemblage' in real estate development in Delaware?
AThe construction of a building on an assembled lot
BThe combining of two or more adjacent parcels into one larger parcelCorrect
CThe process of appraising multiple properties simultaneously
DThe grouping of similar comparables in an appraisal
Why The combining of two or more adjacent parcels into one larger parcel Is Correct
Answer B: The combining of two or more adjacent parcels into one larger parcel
Assemblage is the process of combining two or more adjacent parcels under single ownership, often creating a larger, more valuable parcel with greater development potential (resulting in plottage value).
Exam Tip: Property Valuation
Valuation questions focus on the three approaches to value: sales comparison, cost, and income. Know which approach is best for which property type. The income approach uses cap rate and NOI — memorize these formulas.
Key Property Valuation Terms in This Question
Related Delaware Property Valuation Questions
- In the sales comparison approach, 'bracketing' means:Property Valuation
- What is 'overimprovement' in Delaware real estate appraisal?Property Valuation
- The principle of conformity states that property values are maximized when:Property Valuation
- An appraisal is an opinion of value that must be prepared by:Property Valuation
- What is a 'subject property' in a Delaware appraisal?Property Valuation
- What is a 'market study' versus a 'marketability study' in Delaware real estate?Property Valuation
- What is 'paired sales analysis' in real estate appraisal?Property Valuation
- What is a 'drive-by appraisal' (exterior-only appraisal) and when is it used in Delaware?Property Valuation
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →