Certified Residential Appraiser Practice Exam

Which of the following cannot be sold off for another use?

1. Excess Land

2. Wetlands

3. Surplus Land

4. Assemblage

The correct answer is: Surplus Land

The correct answer focuses on surplus land, which is considered to be land that is no longer needed for the primary use of the property but is not necessarily abandoned or excess. This land is typically tied to the main parcel and remains beneficial to that specific usage, meaning it may be difficult to sell or re-purpose without affecting the primary use of the property. In contrast, excess land refers to additional land that is not necessary for the current use and can often be sold or repurposed independently. Wetlands are protected areas that may have strict regulations regarding their use and development, but they still can potentially be sold subject to environmental regulations. Assemblage pertains to the process of combining two or more parcels of land into one larger parcel, which can often enhance value and use potential, hence making it a viable candidate for sale or development. Overall, surplus land is uniquely positioned as it typically lacks the ability to be utilized or sold off for other uses without affecting the property it belongs to, distinguishing it from the other types of land discussed.