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Assemblage & Plottage

National · Valuation & Appraisal — free study notes for the real estate licensing exam.

📐 Valuation & Appraisal

📖 What you need to know

ASSEMBLAGE is the act of combining adjacent parcels under one ownership; PLOTTAGE is the resulting INCREASE in value when the combined whole is worth more than the sum of its parts — a developer merging five lots for a shopping center. The reverse concept is severance. Related exam pair: subdividing raw land creates value through development; the subdivided lots' total value exceeding raw acreage reflects the developer's entrepreneurial profit. Cue words: 'process' = assemblage, 'value increase' = plottage.

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Related in Valuation & Appraisal

Sales Comparison — Adjust the COMPNational Cost Approach — Build It FreshNational Income Approach — GRM & Cap RateNational Depreciation — The Three KillersNational CMA vs BPO vs AppraisalNational Price ≠ Cost ≠ ValueNational Value — Principles & ApproachesNational Factors That Create Value — DUSTNational

Questions students ask

Is Assemblage & Plottage on the real estate exam?

Yes. Valuation & Appraisal is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.

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