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Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 1 Question 10 Discussion

What is the difference between assemblage and plottage?
D) Assemblage is the act of combining parcels of land, and plottage is the resulting increase in value.
A) Assemblage involves combining parcels of land, and plottage involves splitting parcels of land.
B) Assemblage is the first step in creating a new subdivision, and plottage is the second step.
C) Assemblage is the act of building a new building, and plottage is the act of creating a new parcel of land.

Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 1 Question 10 Discussion

Actual exam question for Real Estate Licensing's Virginia Real Estate Salesperson exam
Question #: 10
Topic #: 1
[All Virginia Real Estate Salesperson Questions]

What is the difference between assemblage and plottage?

Show Suggested Answer Hide Answer
Suggested Answer: D

Assemblage: The process of combining two or more adjacent parcels of land into one larger parcel.

Plottage: The increase in value that results from assemblage due to the greater utility or economic use of the combined parcel.

Example: Two small lots may be worth $50,000 each separately, but if assembled into one larger parcel, the combined property may be worth $120,000 due to increased development potential.

Reference (Virginia Real Estate):

Virginia Real Estate Principles -- Land and Appraisal section

A490-02REGS.pdf -- Valuation curriculum


Contribute your Thoughts:

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Lennie
2 hours ago
Totally agree, D is the right answer!
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Lorrine
5 days ago
Assemblage is about combining land, plottage is about value increase.
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Peggie
10 days ago
Nope, plottage is definitely the value increase after assemblage.
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Tamera
16 days ago
I thought assemblage was just for new subdivisions, not just any land!
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Irene
2 months ago
Wait, isn't plottage just a fancy term for land value increase?
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Ma
2 months ago
Totally agree, it's all about increasing value with plottage!
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Tatum
2 months ago
Assemblage is about combining land, right?
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Anjelica
3 months ago
I thought assemblage was just for subdivisions, not all land!
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Tracey
3 months ago
D is definitely the right answer!
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Aleshia
3 months ago
Wait, so plottage isn't about splitting land? That seems off.
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Josephine
3 months ago
Totally agree with that!
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Mollie
3 months ago
Assemblage is about combining land, plottage is the value increase.
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Brynn
3 months ago
I thought assemblage was just about the physical act of combining parcels, but I can't recall if plottage is just about value or also involves some kind of development.
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Geraldo
4 months ago
I feel like I mixed up the terms before; isn't plottage related to the benefits of combining land?
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Cortney
4 months ago
I think I saw a practice question where they mentioned assemblage leading to higher value, so maybe D is the right choice?
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Sherly
4 months ago
I remember studying that assemblage is about combining land, but I'm not sure if plottage is just about value increase or something else.
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