IAAO 311 2023 Exam Questions and Answers All Correct
77 views 4 purchases
Course
IAAO
Institution
IAAO
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, s...
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 Econom ic, social, and environmental are termed? - ANSWER market analysis data Off site features and improvement data are termed? - ANSWER property analysis data Selecting appropriate valuation approaches and specifying the variables to be used is called? - ANSWER model specification Developing adjustment weights from measurable supply and demand factors, including quantitative and qualitative factors is called? - ANSWER model calibration Valuation in exchange is determined by the inter action of? - ANSWER supply and demand Value in exchange is? - ANSWER market value A b0 is what? - ANSWER constant b is what? - ANSWER coefficient x is what? - ANSWER variable What kind of model is a combination of multiplicative and additive? - ANSWER hybrid (generic) model 4 categories of market data are? - ANSWER PEGS, Physical/Environmental, Economic, Governmental, Social Building codes, planning, and zones are considered (blank) forces? - ANSWER Government What is the most effective yet expensive way to collect data? - ANSWER personal interviews PGI is based on what? - ANSWER market rent What kind of lease does owner pay expenses? - ANSWER gross What kind of lease does tenant pay expenses? - ANSWER net (blank) data is also known as discrete data as it relates to features or attributes of a property. - ANSWER qualitative (blank) data is also known as continuous data and i s based on measuring or counting. - ANSWER quantitative A (blank) transformation converts a discrete variable to relative values or numerical ratings. - ANSWER scalar IAAO recommends properties to be re -inspected every (blank) years. - ANSWER 6 years Scalar transformation convert discrete data to? - ANSWER numerical ratings Scalar variables center on "?" in additive models. - ANSWER zero Scalar variables center on "?" in multiplicative models. - ANSWER one A (blank) helps evaluate what data to collect and the best way to collect them. - ANSWER pilot study
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Perfectscorer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.79. You're not tied to anything after your purchase.
