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IAAO 311 Exam Questions And Answers 100% Pass
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IAAO 311 Exam Questions And Answers 100% Pass Mass appraisal is the systematic appraisal of groups of properties as of a given date using - answerstandardized procedures and statistical testing What characteristics does a mass appraisal require? - answervaluation tables, schedules, and models ...

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  • November 9, 2024
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  • 2024/2025
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  • iaao 311 exam questions and answers 100 pass

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©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM


IAAO 311 Exam Questions And Answers
100% Pass


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

Economic, 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 interaction 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

, ©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM

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 is 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

What is the formula for percentiles? - answer✔k=(p)(n)+p

k = - answer✔rank

p = - answer✔percentile

n = - answer✔sample

How many steps in appraisal process? - answer✔7

What is the first step in the appraisal process? - answer✔Define the problem

What is the second step in the appraisal process? - answer✔determine scope of work

What is the 3rd step in the appraisal process? - answer✔make a preliminary analysis and plan

What is the 4th step in the appraisal process? - answer✔select and collect data

What is the 5th step in the appraisal process? - answer✔determine highest and best use

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