Iaao 102 - Study guides, Class notes & Summaries

Anticipation Value is created by the expectation of benefits to be derived in the future Substitution the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties. Contribution the value of a component of real estate can be measured by the amount it contributes to net operating income because net operating income can be capitalized into value. Market Value means the most p...

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IAAO 102 with 100% Answers Anticipation - ️️ - Value is created by the expectation of benefits to be derived in the future Substitution - ️️ - the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties. Contribution - ️️ - the value of a component of real estate can be measured by the amount it contributes to net operating income because net operating income can be capitalized...

Rate times Value Income equals The basis for the Income Approach Anticipation Income divided by Value Rate equals Income divided by Rate Value equals One of the three approaches to value in which the appraiser derives a value indication by converting anticipated benefits through ownership of income-producing property. Income approach The economic principle that states that value is created by the expectation of benefits to be derived in the future. Antici...