100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
IAAO 311 Exam Questions And Answers 100% Pass $10.49   Add to cart

Exam (elaborations)

IAAO 311 Exam Questions And Answers 100% Pass

 0 view  0 purchase
  • Course
  • IAAO
  • Institution
  • IAAO

IAAO 311 Exam Questions And Answers 100% Pass Mass appraisal is the systematic appraisal of groups of properties as of a given date using - answerstandardized procedures and statistical testing What characteristics does a mass appraisal require? - answervaluation tables, schedules, and models ...

[Show more]

Preview 2 out of 8  pages

  • November 9, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • IAAO
  • IAAO
avatar-seller
Thebright
©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM


IAAO 311 Exam Questions And Answers
100% Pass


Mass appraisal is the systematic appraisal of groups of properties as of a given date using -
answer✔standardized procedures and statistical testing

What characteristics does a mass appraisal require? - answer✔valuation tables, schedules, and
models

Economic, social, and environmental are termed? - answer✔market analysis data

Off site features and improvement data are termed? - answer✔property analysis data
Selecting appropriate valuation approaches and specifying the variables to be used is called? -
answer✔model specification
Developing adjustment weights from measurable supply and demand factors, including
quantitative and qualitative factors is called? - answer✔model calibration

Valuation in exchange is determined by the interaction of? - answer✔supply and demand

Value in exchange is? - answer✔market value

A b0 is what? - answer✔constant

b is what? - answer✔coefficient

x is what? - answer✔variable

What kind of model is a combination of multiplicative and additive? - answer✔hybrid (generic)
model

4 categories of market data are? - answer✔PEGS, Physical/Environmental, Economic,
Governmental, Social

Building codes, planning, and zones are considered (blank) forces? - answer✔Government

What is the most effective yet expensive way to collect data? - answer✔personal interviews

, ©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM

PGI is based on what? - answer✔market rent

What kind of lease does owner pay expenses? - answer✔gross

What kind of lease does tenant pay expenses? - answer✔net
(blank) data is also known as discrete data as it relates to features or attributes of a property. -
answer✔qualitative
(blank) data is also known as continuous data and is based on measuring or counting. -
answer✔quantitative
A (blank) transformation converts a discrete variable to relative values or numerical ratings. -
answer✔scalar

IAAO recommends properties to be re-inspected every (blank) years. - answer✔6 years

Scalar transformation convert discrete data to? - answer✔numerical ratings

Scalar variables center on "?" in additive models. - answer✔zero

Scalar variables center on "?" in multiplicative models. - answer✔one

A (blank) helps evaluate what data to collect and the best way to collect them. - answer✔pilot
study

What is the formula for percentiles? - answer✔k=(p)(n)+p

k = - answer✔rank

p = - answer✔percentile

n = - answer✔sample

How many steps in appraisal process? - answer✔7

What is the first step in the appraisal process? - answer✔Define the problem

What is the second step in the appraisal process? - answer✔determine scope of work

What is the 3rd step in the appraisal process? - answer✔make a preliminary analysis and plan

What is the 4th step in the appraisal process? - answer✔select and collect data

What is the 5th step in the appraisal process? - answer✔determine highest and best use

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Thebright. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart