Iaao 101 Exam Questions With Verified
Answers.
Ad valorem - answerAccording to Value
The basic responsibilities of an Appraiser to all taxable property. - answer1. Discovery
2. Listing
3. Valuation
The taxable location of personal property is referred to as its' - answerSitus
The type of val...
The four factors that influence/effect land values are: - answer✔PEGS
1. Physical (Environmental)
2. Economic
3. Governmental
4. Social
_________ consists of movable items not permanently affixed to, or part of the real estate -
answer✔Personal Property
The four Governmental restrictions on property ownership: - answer✔TEPE
1. Taxation
2. Eminent domain
3. Police power
4. Escheat
Private encumbrances: - answer✔1. Co-Owners
2. Condominium/Subdivision restrictions
3. Covenants
4. Mortgages
5. Easements
6. Liens and Judgements
7. Leases
Value in use - answer✔Is the value of a property for a specific use
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