IAAO 102 EXAM NEWEST VERSION WITH COMPLETE SOLUTIONS
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Course
IAAO 102
Institution
IAAO 102
Anticipation - CORRECT ANSWER ️ Value is created
by the expectation of benefits to be derived in the future
Substitution - CORRECT ANSWER ️ the prices, rents,
and rates of return of property tend to be set by the current
prices, rents and rates of return for equally desire able
substit...
IAAO 102 EXAM 2024-2026 NEWEST VERSION
WITH COMPLETE SOLUTIONS
Anticipation - CORRECT ANSWER ✔️ Value is created
by the expectation of benefits to be derived in the future
Substitution - CORRECT ANSWER ✔️ the prices, rents,
and rates of return of property tend to be set by the current
prices, rents and rates of return for equally desire able
substitute properties.
Contribution - CORRECT ANSWER ✔️ the value of a
component of real estate can be measured by the amount
it contributes to net operating income because net
operating income can be capitalized into value.
Market Value - CORRECT ANSWER ✔️ means the most
probable price which a property should bring in a
competitive and open market under all conditions.
, 5 Analysis Questions for Investors - - CORRECT
ANSWER ✔️ 1. How much it cost?
2. How much will I get back?
3. When will I get it back?
4. What are the risk?
5. What are some comps ROI compared to my interested
property?
Leverage - CORRECT ANSWER ✔️ borrowing of funds in
hopes of earning a greater return than the cost of the
borrowed funds. This amount can be be negative, positive,
or neutral.
Mortgage - CORRECT ANSWER ✔️ most common type
of financing for real estate.
Junior Mortgage - CORRECT ANSWER ✔️ typical a
second mortgage
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