100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
IAAO 300 Q&A £6.15   Add to cart
Quickly navigate to
Preview
  2.  
  3. All Summer Modules Studies 2024
  4.  
  5. All Summer Modules Studies 2024
  6.  
  7. All summer modules studies 2024

Exam (elaborations)

IAAO 300 Q&A

1 review
 5 views  0 purchase

Exam of 13 pages for the course all summer modules studies 2024 at all summer modules studies 2024 (IAAO 300 Q&A)

Preview 2 out of 13  pages

Document information

  • June 19, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (274)

1  review

review-writer-avatar

By: EXAMQA • 3 months ago

good

Seller

avatar-seller
Hkane

Reviews received

Content preview

IAAO 300
✅✅
1) Data collection and maintenance 2) Exploratory data analysis 3) Model
development 4) Model application, review and reconciliation - -The four
components of the mass appraisal system are __________.

1) Identify the problem to be solved. 2) Determine and perform the scope of

✅✅
work necessary to develop a credible assignment. 3) Disclose the scope of
work in the report. - -The scope of work rule has three parts and they are
_______.

7- ✅✅-How many steps are in the general appraisal process?
95 - Mean - ✅✅-When data is normally distributed, (approximately a
bell-shaped curve) _____________ percent will be within two standard
deviations of the _______________.

A binary variable - ✅✅ -A corner lot; yes/no; or a swimming pool; yes/no; are
examples of what typle of variable:

A histogram - ✅✅-A logical step of dividing data into class intervals is:
✅✅
A method of grouping homogeneous groups of properties based on selected
characteristics - -Cluster analysis a method of:

Adaptive - Estimation - Procedure - ✅✅ -The trial and error process for
quantifying the relationship between dependent (sale price) and independent
variables (property characteristics) is the
_________________________________.

Additive -✅✅-MV = b0 + (b1 * X1) + (b2 * X2) + (b3 * X3) ... is known as the
__________________ model.


✅✅
Adjusting to information gained as sales are sequentially considered and
reconsidered - -Adaptive Estimation Procedure (AEP) operates by:

All of the above - Identify the problem to be solved; Determine and perform

✅✅
the scope necessary to develop creditable assignment results; Disclose the
scope of work in the report. - -An appraiser must do which of the
following for each appraisal?

, ✅✅
All of the above; Applicability to most building types; Clear, well-illustrated and
easy to use; Easy to update - -Desirables features to consider when
acquiring a cost manual is:

All of the above; Appraising unique properties; Validating cost estimates

✅✅
produced by other methods; Effective of new construction where trennd
factors are small - -As used in mass appraisal, the Trended Original Cost
Method is best used for:


✅✅
All of the above; Commercial cost services, Mass appraisal companies, State
agencies or develop in-house; based on local cost - -In acquiring a cost
manual, possible sources are:

All of the above; Cost data, Sales data, Income data - ✅✅-In data collection
and maintenance, market data involves:


✅✅
All of the above; Develop benchmark costs, Adjust for non-standard features,
Appraise unique properties - -As used in mass appraisal, the
Unit-in-Place Cost Method is best used for:

All of the above; that involves the study distances from value influence
centers, where market boundaries are less "choppy" - the "low" area, that

✅✅
requires a Geographic Information System (GIS) that can help develop a
location adjustment to be used for modeling - -In stratification and
location analyis, Location Value Response Service Analyis (LSRSA) is a
technique:

Appeal - ✅✅ -Property owners may dispute their value and this is part of the
___________________ System.

Array -✅✅ -The listing of data in order of magnitude (either ascending or
descending) is termed a/an _______________.

Assessment System, Appeal System, and Collection System - ✅✅
-The
three components of a Property Tax System are the ___________,
____________________, and __________________________.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 Hkane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £6.15. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75619 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£6.15
  • (1)
  Add to cart