Property Valuation
In Hawaii, 'assemblage' in real estate refers to:
AA. The process of combining multiple appraisal approaches
BB. Combining two or more parcels of land under common ownership to create a more valuable larger tract✓ Correct
CC. Assembling a team of professionals for a complex transaction
DD. Combining income from multiple units for the income approach
Explanation
Assemblage is the combining of two or more adjacent parcels into one larger parcel. The resulting plottage value (increment) reflects the premium created by the combination.
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