Exam (elaborations)
IAAO 101 - QUIZZES QUESTIONS AND ANSWERS 2024
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IAAO 101 - QUIZZES QUESTIONS AND ANSWERS 2024
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IAAO 101 - QUIZZESWhich of the following is not an appropriate unit of comparison when multiple-
unit residential properties are being appraised? - ANSWERS-Price per room
price per square foot
GIM
Price per cubic foot
The cost of building an exact replica of a building is called _____________. -
ANSWERS-reproduction cost
When a direct method of measuring depreciation is used, the loss of value
attributable to external obsolescence is measured
by______________________________ - ANSWERS-Capitalizing an actual or
estimated rent loss using a GRM, multiplied by the building portion of the land-to-
building ration.
When a property experiences functional obsolescence,
it_______________________________. - ANSWERS-Is usually the result of
diminished utility within the building.
, The cost estimation method that is considered the most accurate but is also the
most time-consuming is the ____________________________. - ANSWERS-
Quantity survey method
The first adjustment in the sales comparison approach is _____________. -
ANSWERS-financing
When the interaction of supply and demand is being analyzed, which of the
following influences demand? - ANSWERS-local services
Which of the following is a method that can be used to determine the
adjustments in the sales comparison approach? - ANSWERS-Paired sales analysis
Multiple regression analysis
Depreciated cost
All of the above
Which of the following is a situation in which the cost approach is the most
applicable in estimating value? - ANSWERS-Valuing new or proposed construction
for which the land value is well supported.
Developing an opinion of the market or use value of special-purpose properties.
Valuing properties for which building additions or renovations are being
considered.
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