9/6/26, 8:33 AM IAAO COURSE 201 EXAM QUESTIONS AND VERIFIED SOLUTIONS |2026/2027| Exam Questions & Answers Test || ELABORATE…
IAAO COURSE 201 EXAM QUESTIONS AND
VERIFIED SOLUTIONS |2026/2027| Exam Questions
& Answers Test || ELABORATED &DETAILED
ANSWERS!!
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Terms in this set (125)
Anticipation present worth of future benefits
Balance max value is obtained when the 4 agents of
production attain a state of equilibrium
Change The tendency of social and economic forces affecting
supply and demand to alter over time
https://quizlet.com/1205132961/iaao-course-201-exam-questions-and-verified-solutions-20262027-exam-questions-answers-test-elaborated-detailed-… 1/13
, 9/6/26, 8:33 AM IAAO COURSE 201 EXAM QUESTIONS AND VERIFIED SOLUTIONS |2026/2027| Exam Questions & Answers Test || ELABORATE…
Competition Availability must be in harmony with demand. If one or
the other is in excess prices will increase or decrease
Conformity The value of property depends in part in its
relationship to its surroundings
Consistent Use States that a property must be valued with a single
use for the entire property
Contribution The basis for applying the adjustments in the sales
comparison approach
Increasing/Decreasing Returns After reaching a certain point the addition of
successive increments of one agent of production will
decrease future incomes or amenities
Progression/Regression The value of a lower priced property is increased by
its association with better properties of the same type
Substitution Market value of a property tends to be set by the cost
of acquiring an equally desirable and valuable
property
Surplus Productivity Net income remaining after the cost of labor,
management, & capital has been paid
Supply The amount of goods that producers are willing to sell
under various conditions during a given period
https://quizlet.com/1205132961/iaao-course-201-exam-questions-and-verified-solutions-20262027-exam-questions-answers-test-elaborated-detailed-… 2/13
IAAO COURSE 201 EXAM QUESTIONS AND
VERIFIED SOLUTIONS |2026/2027| Exam Questions
& Answers Test || ELABORATED &DETAILED
ANSWERS!!
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (125)
Anticipation present worth of future benefits
Balance max value is obtained when the 4 agents of
production attain a state of equilibrium
Change The tendency of social and economic forces affecting
supply and demand to alter over time
https://quizlet.com/1205132961/iaao-course-201-exam-questions-and-verified-solutions-20262027-exam-questions-answers-test-elaborated-detailed-… 1/13
, 9/6/26, 8:33 AM IAAO COURSE 201 EXAM QUESTIONS AND VERIFIED SOLUTIONS |2026/2027| Exam Questions & Answers Test || ELABORATE…
Competition Availability must be in harmony with demand. If one or
the other is in excess prices will increase or decrease
Conformity The value of property depends in part in its
relationship to its surroundings
Consistent Use States that a property must be valued with a single
use for the entire property
Contribution The basis for applying the adjustments in the sales
comparison approach
Increasing/Decreasing Returns After reaching a certain point the addition of
successive increments of one agent of production will
decrease future incomes or amenities
Progression/Regression The value of a lower priced property is increased by
its association with better properties of the same type
Substitution Market value of a property tends to be set by the cost
of acquiring an equally desirable and valuable
property
Surplus Productivity Net income remaining after the cost of labor,
management, & capital has been paid
Supply The amount of goods that producers are willing to sell
under various conditions during a given period
https://quizlet.com/1205132961/iaao-course-201-exam-questions-and-verified-solutions-20262027-exam-questions-answers-test-elaborated-detailed-… 2/13
