Iaao 102 Study guides, Class notes & Summaries

IAAO 102 Formulas with 100% correct answers.

IAAO 102 EXAM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERSAGRADE

Income & Expense Statement Gross Income/PGI - Vacancy & collection losses + Misc income ______________________ EGI - Allowed expenses ______________________ NOI Recapture Rate 1/REL (remaining economic life) Building & Land Rate Discount + ETR + Recapture = Building (Imp) rate Discount + ETR = Land rate Overall Rate (OAR or Ro) 1. NOI + sale price 2. Mortg % x mortg rate + equity % x equity rate 3. DCR x M x Rm 4. NIR/EGIM 5. land % x land rate + imp % x im...

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 capitalized into value. Market Value - ...

IAAO 102 EXAM NEWEST VERSION WITH COMPLETE SOLUTIONS

IAAO 102 EXAM 2024 NEWEST 2 VERSIONS FROM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT) |ALREADY GRADED A+

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 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 capitalized into value. Market Value means the most probable price which ...

Value is created by the expectation of benefits to be derived in the future. correct answers Anticipation This is the underlying principle which provides the basis of the income capitalization approach. correct answers Anticipation The most probable price a property should bring in a competitive and open market under all conditions requisite to a fair sale. correct answers Market Value All investors want a return OF their money correct answers Recapture rate or getting back amount inves...

capitalization is the process to: - Answer- convert income into an estimation of value A loan secured by featuring an intrest rate that is constant for the term of the loan is reffered to as a (an): - Answer- fixed-rate mortgage the underlying principle providing the basis of the income capitalization approach is : - Answer- anticipation the basis equation used in the income approach to value is: - Answer- income divided by rate equals value a gross lease requires that in addition to...