Iaao 102 exam - Study guides, Class notes & Summaries
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IAAO 102 EXAM QUESTIONS AND ANSWERS
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Value is created by the expectation of benefits to be derived in the future. - Answer- Anticipation 
 
This is the underlying principle which provides the basis of the income capitalization approach. - Answer- Anticipation 
 
The most probable price a property should bring in a competitive and open market under all conditions requisite to a fair sale. - Answer- Market Value 
 
All investors want a return OF their money - Answer- Recapture rate or getting back amount invested 
 
All investors wan...
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IAAO 102 EXAM 2024 NEWEST 2 VERSIONS FROM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT) |ALREADY GRADED A+
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IAAO 102 EXAM 2024 NEWEST 2 
VERSIONS FROM ACTUAL EXAM 200 
QUESTIONS AND CORRECT DETAILED 
ANSWERS (100% CORRECT) |ALREADY 
GRADED A+
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IAAO 102 EXAM 2024-2026 NEWEST VERSION WITH COMPLETE SOLUTIONS
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IAAO 102 EXAM NEWEST VERSION WITH 
COMPLETE SOLUTIONS
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IAAO 102 Exam Questions With Correct Answers
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IAAO 102 Exam Questions With Correct 
Answers 
Components of Capitalization Process - answerValue, Net Operating Income, and 
Capitalization Rate 
The underlying economic principle of 3 approaches to value - answersubstitution 
Market Value is also known as - answervalue in exchange 
Most probable price the property will sell for in an arm's-length transaction under normal 
conditions on the open market - answermarket value 
Higher Cap Rate - answerMeans Higher Risk and Lower Overall Value 
Low...
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IAAO 102 Exam 2024 With Correct Solutions
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IAAO 102 Exam 2024 With Correct Solutions 
Anticipation - Answer -Value is created by the expectation of benefits to be derived in the future 
Substitution - Answer -the prices, rents, and rates of return of property tend to be set by the current 
prices, rents and rates of return for equally desire able substitute properties. 
Contribution - Answer -the value of a component of real estate can be measured by the amount it 
contributes to net operating income because net operating income can be c...
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iaao 102 (actual exam)questions,answers 2024 – 2025
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iaao 102 (actual exam)questions,answers 2024 – 2025
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IAAO 102 EXAM 2024-2026 WITH COMPLETE SOLUTIONS(100Q&A)
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Components of the capitalization process are ________, net 
operating income, and capitalization rate. - CORRECT ANSWER 
️ Value 
Components of the capitalization process are value, ________, 
and capitalization rate. - CORRECT ANSWER ️ Net Operating 
Income 
Components of the capitalization process are value, net operating 
income, and ________. - CORRECT ANSWER ️ Capitalization 
Rate
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IAAO 102 Exam 2024/2025 with Complete Solutions
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IAAO 102 Exam 2024/2025 with Complete Solutions 
Anticipation - -Value is created by the expectation of benefits to be derived in the 
future 
Substitution - -the prices, rents, and rates of return of property tend to be set by the 
current prices, rents and rates of return for equally desire able substitute properties. 
Contribution - -the
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IAAO 102 EXAM 2023-2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERSAGRADE
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IAAO 102 EXAM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERSAGRADE
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IAAO 102 LATEST EXAM 2025 (Questions With Correct Answers) Guaranteed Pass 100%
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IAAO 102 LATEST EXAM 2025 (Questions 
With Correct Answers) Guaranteed Pass 
100%
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