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IAAO Course 102 Exam Questions |Already Answered | Graded A+
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Components of the capitalization process are ________, net operating income, and capitalization rate. - ANSWER-Value Components of the capitalization process are value, ________, and capitalization rate. - ANSWER-Net Operating Income Components of the capitalization process are value, net opera...

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  • August 11, 2024
  • 21
  • 2024/2025
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IAAO Course 102 Exam Questions |Already
Answered | Graded A+
Components of the capitalization process are ________, net operating income, and capitalization rate. -
ANSWER-Value



Components of the capitalization process are value, ________, and capitalization rate. - ANSWER-Net
Operating Income



Components of the capitalization process are value, net operating income, and ________. - ANSWER-
Capitalization Rate



Value is created by the expectation of benefits to be derives in the future. - ANSWER-Anticipation



This is the underlying principle which provides the basis of the income capitalization approach. -
ANSWER-Anticipation



Investor's expectations of changes in income levels, the expenses required to ensure income, and
probable increases or decreases in property that must be addressed and forecast. - ANSWER-Change



An excess of one type of facility will decrease the value of all such facilities. - ANSWER-Competition



Underlying principle for all 3 approaches to value. - ANSWER-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 desirable properties - ANSWER-Substitution



This principle is market-oriented and provides the basis for estimating rents and expenses and selecting
the proper discount rate or capitalization rate for the subject property. - ANSWER-Substitution



Among types and locations of income-producing properties, may increase or decrease value. - ANSWER-
Balance

,The value of a component of real estate can be measured by its amount in the net operating income
because net operating income can be capitalized into value. - ANSWER-Contribution



The amount of products that producers are willing to sell under various conditions during a given period.
- ANSWER-Supply



The amount of product a buyer is willing and able to buy during some period, given the choices available
to them. - ANSWER-Demand



One of the three approaches to value in which the appraiser derives a value indication by converting
anticipated benefits through ownership of income-producing property is the ________ approach. -
ANSWER-Income



Competition among sellers may lead to a/an ________, which reduces prices and profits. - ANSWER-
Oversupply



Competition among buyers may lead to ________, which increases prices and profits to sellers. -
ANSWER-Shortage



The ________ rate reflects the return of the investment in the wasting asset. - ANSWER-Recapture



"Safety of the investment" is one of the factors in what? - ANSWER-The nine factors influencing investor
decisions.



"Liquidity of the investment" is one of the factors in what? - ANSWER-The nine factors influencing
investor decisions.



"Size of the investment is one of the factors in what? - ANSWER-The nine factors influencing investor
decisions.



"Use as collateral" is one of the factors in what? - ANSWER-The nine factors influencing investor
decisions.

, "Time" is one of the factors in what? - ANSWER-The nine factors influencing investor decisions.



"Management" is one of the factors in what? - ANSWER-The nine factors influencing investor decisions.



"Appreciation" is one of the factors in what? - ANSWER-The nine factors influencing investor decisions.



"Income tax advantages" is one of the factors in what? - ANSWER-The nine factors influencing investor
decisions.



"Leverage" is one of the factors in what? - ANSWER-The nine factors influencing investor decisions.



_____ leverage is achieved when funds are invested in property, which has a higher rate of return than
the cost of borrowed funds. - ANSWER-Positive



A "mortgage" is one of the four what? - ANSWER-The four most common methods of financing real
estate.



A "trust deed" is one of the four what? - ANSWER-The four most common methods of financing real
estate.



"Cash" is one of the four what? - ANSWER-The four most common methods of financing real estate.



A "Land Contract" is one of the four what? - ANSWER-The four most common methods of financing real
estate.



A "Land Contract" is also called what? - ANSWER-Contract for Deed



A mortgage on personal property - ANSWER-Chattel Mortgage

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