Property Valuation
Assemblage in real estate refers to:
ADemolishing multiple buildings on one parcel
BCombining two or more adjacent parcels under single ownership to create a larger, more valuable parcel✓ Correct
CDividing one large parcel into smaller lots
DConverting a commercial property to residential use
Explanation
Assemblage is the process of combining adjacent parcels into one larger parcel; the resulting value increase over the sum of individual parcel values is called plottage.
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