Exam (elaborations)
IAAO Course 300 Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified!!
- Course
- Institution
IAAO Course 300 Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified!!
[Show more]
Content preview
IAAO Course 3001.Scope of Work Rule: 1. Identify the problem to be solved
2.Determine and perform the scope of work necessary to develop
credible assign- ment results
3. Disclose the scope of work in the report
2. Scope of work acceptability: When it meets or exceeds:
1. Expectations of parties who are regularly intended users for similar
assignments and 2. What an Appraiser's peers actions would be in
performing the same or similar assignments
3.Economic Basis of Model Building: Supply factors relate to availability
and thus reflect such things as Cost, interest rates, and economic
conditions. Demand factors include characteristics to buyers, such as
construction quality, condition, and location.
4.Basic Cost Model Structure: MV = LV + BV
1/
27
,5.Basic Sales Comparison Basic Model Structure: MVs = Sc + ADJc
6.Basic Income Models: 1. NOI
Model MV = NOI / OAR
2. GI Model
MV = GI x
GIM
7.Model Development: 1. Specification
2.Calibration
3.Quality Assurance
8.Specification: What data to include in the model and in what format
1.Additive
2.Multiplicative
3.Hybrid (generic)
9.Additive Model Structure: Each of the variables are independent from
the other variables. A change in one variable does not directly impact
2/
27
, any other variables
MV = ($/sqft x sqft) + ($/plumbing fixture x #fixtures) + ($/car stall x
#/cars) + ...
10.Multiplicative Model Structure: Each of the variables are
interdependent. Any change to one variable will have an impact on all
of the other variables.
11.Hybrid (generic) Model Structure: Combines both additive and
multiplicative model structures
12.Finding Net Operating Income (NOI): 1. Potential Gross Income (PGI)
100% occupancy at market rent (market rent is the prevailing rent in
the open market, not the rent called for in a lease)
2.Minus Vacancy and Collection Loss (V&C) - any money lost from units
not being
3/
27
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 LECTGRADER. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now