Iaao - Study guides, Class notes & Summaries

What is a requirement of both single-property and mass appraisal? Uses three basic approaches to value What is the first step in the mass appraisal process? definition of the problem List the three types of data that must be collected in analyzing the market. General data Specific data Comparative data

IAAO 311 2023 Exam Questions and Answers All Correct 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 ...

IAAO 300: Complete Course Review Questions and Answers 100% Pass What is the main difference between single property appraisal and mass appraisal? 1. Group vs Particular 2. Mass Appraisal emphasizes standardized and statistical quality control features In the Appraisal Process, "Define the valuation problem" does not include which of the following: a. Define the Value to be developed b. Identify limiting conditions or limitations c. Date of the value d. Competitive properties e. Identify...

IAAO 101 - Review Questions and verified answers latest 2023/2024 complete solution

IAAO 311 Review Questions and Answers 100% Pass What is a requirement of both single-property and mass appraisal? Uses three basic approaches to value What is the first step in the mass appraisal process? definition of the problem List the three types of data that must be collected in analyzing the market. General data Specific data Comparative data Identifying supply and demand factors that best explain values in a specific market, and expressing them in an equation is called _______________...

A gross income multiplier (GIM), as used in a commercial appraisal, is obtained by dividing the ____________________________. A. sale price by annual gross income B. sale price by monthly gross income C. overall capitalization rate by the sale price D. annual gross income by the sale price - Answer- A gross income multiplier (GIM), as used in a commercial appraisal, is obtained by dividing the ____________________________. A. sale price by annual gross income B. sale price by monthly g...

IAAO Course 300 Exam Questions with All Complete Solutions Scope of Work Rule - ANSWER 1. Identify the problem to be solved 2. Determine and perform the scope of work necessary to develop credible assignment results 3. Disclose the scope of work in the report Scope of work acceptability - ANSWER When it meets or exceeds: 1. Expectations of parties who are regularly intended users for similar assignments and 2. What an Appraiser's peers actions would be in performing the sam...

ad valorem - Answer- According to Value The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - Answer- Situs The type of value usually estimated by an Appraiser is the - Answer- Market Value The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value Assessment level times the tax rate equals - Answer- Th...