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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?

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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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Ma
13 hours ago
Totally agree, it's all about increasing value with plottage!
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Tatum
6 days ago
Assemblage is about combining land, right?
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Anjelica
11 days ago
I thought assemblage was just for subdivisions, not all land!
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Tracey
16 days ago
D is definitely the right answer!
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Aleshia
21 days ago
Wait, so plottage isn't about splitting land? That seems off.
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Josephine
27 days ago
Totally agree with that!
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Mollie
1 month ago
Assemblage is about combining land, plottage is the value increase.
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Brynn
1 month 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
1 month 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
2 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
2 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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