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IAAO Workshop 852 AAS Case Study 2024 Rated 100% Correct!!
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IAAO Workshop 852 AAS Case Study 2024 Rated 100% Correct!!
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Name: Score:75 Multiple choice questions
Definition 1 of 75
Normally distributed data _____% will be within 2 standard deviation of the ______
99 - mode
95 - mean
80 - range
68 - median
Term 2 of 75
Anticipation
The ratio of net operating income to effective gross income
The 1st step in analyzing land sales
The underlying principle providing the basis of the income capitalization approach
Communication that takes place among people on the same level
Term 3 of 75
One of the strengths of "feedback" is that it:
Convert income into an estimate of value
Requires adequate sales
Produces separate land and building values
Q-1 specification, calibration, quality assurance
,Definition 4 of 75
The cost of building an exact replica of a building
Replacement cost
Reproduction cost
Cost approach
Quantity survey method
Term 5 of 75
Income and expense data
The basic equation used in the income approach to value
Not a property characteristic data
Element of the marketplace that is likely to contribute to a change in demand
A buyer will pay no more for a property than for a comparable property
Term 6 of 75
Change
The borrowing of funds in hopes of earning a greater return than the cost of the borrowed
funds
The principle that market value is determined by such factors as zoning, rent controls,
interest rates, etc.
The rate that is the percentage that annual real estate taxes are in relation to the property's
total value
When the interaction of supply and demand is being analyzed, which of the following
influences demand.
, Term 7 of 75
Horizontal communication
Communication takes place among people on different levels in the organization
communication that takes place among people on the same level
Is obtained by dividing the sale price by the annual gross income.
Land valuation method that replicates the actions of subdividers or developers
Definition 8 of 75
Divided by the assessed value equals the tax rate
Budget
Expenses
Interest
Effective Tax Rate
Term 9 of 75
Effective gross income
Assessment level times the tax rate equals the
The anticipated income from all operations of the property adjusted for vacancy and
collection losses, and miscellaneous income
The principle that market value is determined by such factors as zoning, rent controls,
interest rates, etc.
The ratio of net operating income to effective gross income
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