Iaao 201 questions - Study guides, Class notes & Summaries

IAAO 201 QUESTIONS AND ANSWERS

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

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 Raw Land - is in its natural state, prior to grading, construction, and subdividing. It is UNDEVELOPE...

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

5 Attributes of land - Permanent Unique Finite Supply Functional Stationary 4 Land Value Determinants - Demand Utility Scarcity Transferability Owning all 6 Bundle of Rights means - You own fee simple absolute ownership 6 Bundle of Rights - Sell Lease Use Give away Enter or leave Refuse to do any of these Governmental Restrictions on Property - Police power Eminent domain Taxes Escheat 4 Agents of Production - Land, Labor, Capital, Management Principle of Anticip...

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

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 Raw Land is in its natural state, prior to grading, construction, 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

IAAO 201 Exam 2024 Questions & Answers |100% Correct | Verified

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