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IAAO 300: Complete Course Review UPDATED Exam Questions and CORRECT Answers What is the main difference between single property appraisal and mass appraisal? - CORRECT ANSWER- 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 ...

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Mass appraisal Correct Answer Systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing. Purpose of mass appraisal Correct Answer Equitable and efficient appraisal of all property in a jurisdiction for ad valorem tax purposes. When did first generation computers emerge? Correct Answer The 1950s Mass appraisal models may be: Correct Answer Physical, conceptual or mathematical. Property valuation models seek to explain or pred...

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