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iaaO 300 complete course review (actual exam)questions,answers 2024 – 2025
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iaaO 300 complete course review (actual exam)questions,answers 2024 – 2025
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iaaO 300 complete course review (actualexam)questions,answers 2024 – 2025
What is the most detailed cost estimation method? - ANSWERS-Quantity Survey
Cost models are what type of model? - ANSWERS-Hybrid(Generic) Cost Model
Trending using medians would be done by dividing the target median by the
actual median. True or False - ANSWERS-True
The IAAO acceptable median range is what? - ANSWERS-0.90 to 1.10
Supply and demand factors determine Real Estate values. Which are not supply
factors?
a. Building costs
b. Interest Rates
c. Economic Conditions
d. Location
e. Construction Quality
, f. Condition - ANSWERS-d.,e.,and f.
Hybrid or generic models are reflective of which approach to value? - ANSWERS-
Cost Approach
What type of model is the following formula? MV=GQ x ((PL x SIZE)+(PB x SIZE)) -
ANSWERS-Simple Hybrid (Generic) Cost Model
What is the main difference between single property appraisal and mass
appraisal? - ANSWERS-1. Group vs Particular 2. Mass Appraisal emphasizes
standardized and statistical quality control features
In the Appraisal Process, "Define the valuation problem" does not include which
of the following:
a. Define the Value to be developed
b. Identify limiting conditions or limitations
c. Date of the value
d. Competitive properties
e. Identify intended use and users of appraisal
f. Develop highest and best use opinion - ANSWERS-d. and f.
What should a reappraisal start and end with? - ANSWERS-Ratio Report
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