Iaao 300 quiz - Study guides, Class notes & Summaries

IAAO 300 Quiz 1 Verified 100% Correct!!

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both single and mass appraisal - Answer- Exercises in applied economic analysis & require use of logical, systematic methods for the collecting, analyzing and processing of data to produce supportive, well documented value estimates MV=LV * (RCN-D) - Answer- Basic model structure for the cost approach would be Supply - Answer- Factors that relate to availability Demand - Answer- Factors that relate to condition, size, and location Income and expense data - Answer- Element that is not...

IAAO 300 Quiz 1 Questions with complete solutions | Latest 2023/2024 __________________ are exercises in applied economic analysis and require the use of logical, systematic methods for the collecting , analyzing and processing of data to produce supportive, well documented value estimates. - Both single-property and mass appraisal A basic model structure for the cost approach would be: - MV=LV + (RCN-D) Real estate prices are a function of supply and demand factors operating simultaneous...

IAAO 300 Quiz 2 Questions with complete solutions | Latest 2023/2024 Additive models for the sales comparison approach assumes that the impact of property characteristics upon value is _____________ and therefore can be added. - Independent The ___________ model is the most flexible model structure, but it is the most difficult to calibrate. - Hybrid (generic) The most common approach to stratification in mass appraisal modeling is: - Geographic stratificaiton Per unit value analysis req...

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

What is the main difference between single property appraisal and mass appraisal? 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 d. Competitive properties e. Identify intended use and users of appraisal f. Develop highest an...