Iaao 201 questions - Study guides, Class notes & Summaries

IAAO 201 | Appraisal of Land | Questions and answers | 2024/25

IAAO 201 EXAM WITH QUESTIONS AND CORRECT ANSWERS GRADE A 2024

IAAO 201 - QUIZ 1 - NO MATH QUESTIONS

IAAO -COURSE 201 Latest Updated Actual Exam Questions and 100% Verified Correct Answers Guaranteed A+

Land An immovable and indestructible three-dimensional area consisting of a portion of the earth's surface, the space above and below the surface, and everything growing on or permanently affixed to it. Five Attributes of Land "PUFFS" Permanent Unique Finite Supply Functional Stationary Four Value Characteristics of Land "DUST" Demand Utility Scarcity Transferability

Land An immovable and indestructible three-dimensional area consisting of a portion of the earth's surface, the space above and below the surface, and everything growing on or permanently affixed to it. Five Attributes of Land "PUFFS" Permanent Unique Finite Supply Functional Stationary Four Value Characteristics of Land "DUST" Demand Utility Scarcity Transferability

EXAM QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 3 1. Land: The surface of the earth and everything above and beneath it . 2. Attributes ofLand: Permanent, Unique, Finite Supply, Functional and Stationary 3. Characteristics of Land: Demand, Utility, Scarcity and Transferability 4. Raw land: unimproved land in its natural state prior to grading, construction andsubdividing. 5. Agricultural land: referred to as undeveloped land except when platted subdivi-sion 6. Improved land:...

The basis for applying the adjustments in the sales comparison approach. - ANSWER Contribution States that a property must be valued with a single use for the entire property. - ANSWER Consistant use The amount of goods that producers are willing to sell under various conditions during a given period. - ANSWER Supply (Producers=Supply) Net income remaining after the cost of labor, management, and capital has been paid. - ANSWER Surplus productivity Present worth of future benefits. -...

IAAO 201 Questions and Answers with Verified Solutions Land An immovable and indestructible three-dimensional area consisting of a portion of the earth's surface, the space above and below the surface, and everything growing on or permanently affixed to it. Five Attributes of Land "PUFFS" Permanent Unique Finite Supply Functional Stationary Four Value Characteristics of Land "DUST" Demand Utility Scarcity Transferability