Property Valuation
Assemblage in real estate refers to:
ACombining two or more adjacent parcels into one larger parcel✓ Correct
BDividing one large parcel into smaller lots
CAppraising a group of comparable properties
DMerging two real estate firms
Explanation
Assemblage is the process of combining two or more adjacent parcels into a single larger parcel, often resulting in plottage value (the merged parcel is worth more than the sum of the individual parcels).
Related North Carolina Property Valuation Questions
- The 'income capitalization approach' is MOST applicable in appraising which type of NC property?
- A NC appraiser who values a property using data from a declining market (falling prices) will need to make a 'time adjustment' that is:
- A NC appraiser's 'workfile' for an appraisal must be retained for how many years?
- In NC, a Broker Price Opinion (BPO) is most commonly used for:
- A NC appraiser who determines that a property's highest and best use is for residential development rather than the current agricultural use would reflect this in:
- The 'principle of contribution' in NC appraisal holds that:
- When a NC appraiser uses a market extraction method to determine a capitalization rate, they analyze:
- The 'principle of anticipation' in NC real estate holds that:
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