IAAO 300 EXAM QUESTIONS AND CORRECT ANSWERS
|2026/2027 UPDATED |GUARANTEED PASS.
_______ analyses can be very effective for homogenous properties - Answer -Per-unit
A statistical technique used for estimating unknown data based on known and available data is
_____________ - Answer -multiple regression analysis
The formula of the sales comparison model is - Answer -MVs = Sc+ ADJc.
The three basic types of mass appraisal model structures are: - Answer -a. Additive
b. Multiplicative
c. Hybrid (generic)
MVs = b0 + (b1 × X1) + (b2 × X2) + (b3 × X3) is known as the - Answer -additive model.
When geographically stratifying properties _______should be drawn to correspond with
_________ or political boundaries. - Answer -boundaries....... physical
1|Page
, Broad geographic areas subject to the same economic influences are known as _________ -
Answer -market areas.
A technique that can be used to group similar subdivisions into neighborhoods is _____ -
Answer -cluster analysis.
MV = GQ × [(PI × QI) + (PL × QL)] + OA is known as the - Answer -hybrid (generic) model.
The trial and error process for quantifying the relationship between dependent (sale price) and
independent variables (property characteristics) is the ______ - Answer -adaptive estimation
procedure
In the development of per-unit values, the most appropriate units would have low measures of
________ - Answer -dispersion.
The formula of the net income model is - Answer -MV = NOI ÷ OAR.
When estimating gross income, you must _______ properties by class, etc., compute measures
of central tendency and dispersion, and determine the typical per-unit value. - Answer -stratify
Property taxes should not be included when estimating _______ - Answer -expense ratios.
2|Page
|2026/2027 UPDATED |GUARANTEED PASS.
_______ analyses can be very effective for homogenous properties - Answer -Per-unit
A statistical technique used for estimating unknown data based on known and available data is
_____________ - Answer -multiple regression analysis
The formula of the sales comparison model is - Answer -MVs = Sc+ ADJc.
The three basic types of mass appraisal model structures are: - Answer -a. Additive
b. Multiplicative
c. Hybrid (generic)
MVs = b0 + (b1 × X1) + (b2 × X2) + (b3 × X3) is known as the - Answer -additive model.
When geographically stratifying properties _______should be drawn to correspond with
_________ or political boundaries. - Answer -boundaries....... physical
1|Page
, Broad geographic areas subject to the same economic influences are known as _________ -
Answer -market areas.
A technique that can be used to group similar subdivisions into neighborhoods is _____ -
Answer -cluster analysis.
MV = GQ × [(PI × QI) + (PL × QL)] + OA is known as the - Answer -hybrid (generic) model.
The trial and error process for quantifying the relationship between dependent (sale price) and
independent variables (property characteristics) is the ______ - Answer -adaptive estimation
procedure
In the development of per-unit values, the most appropriate units would have low measures of
________ - Answer -dispersion.
The formula of the net income model is - Answer -MV = NOI ÷ OAR.
When estimating gross income, you must _______ properties by class, etc., compute measures
of central tendency and dispersion, and determine the typical per-unit value. - Answer -stratify
Property taxes should not be included when estimating _______ - Answer -expense ratios.
2|Page
