IAAO 101 2025
Neighborhood characteristic trend factors (P.E.G.S.) - ANSWER...-Data Collection
(general data)
Comparative Data - ANSWER...-Cost, sales and income/expense
Element of Demands - ANSWER...-1. Consumer taste and preferences
2. consumer income
3. Price of related commodities
4. Consumer expectations
5. Price of commodities
Personal Property - ANSWER...-moveable items not permanently attached. (Chattel)
Test (Highest and Best Use) - ANSWER...-legally permissible, physically possible,
financially feasible, maximally productive
Real Estate - ANSWER...-Land and improvements that are permanently affixed
current and highest best use is likely to change in a short to moderate period of time -
ANSWER...-Interim use
Data Collection (specific data) - ANSWER...-Site, Off-Site, Improvements
Ownership Rights - ANSWER...-Sell, lease, use, give away, enter, refuse.
(S.L.U.G.E.R)
4 elements of supply - ANSWER...-1. cost of production
2. price of other goods
3. entrepreneur expectations
4. # of sellers in the market
Ad Valorem Tax - ANSWER...-Property tax according to value
Difference between cost price and value - ANSWER...-Cost - sacrifice to acquire
property (fact)
Price - the amount asked offered or paid (fact)
Value - Monterey worth of property (opinion)
Real Property - ANSWER...-interests, benefits ,and rights to ownership of land/items
permanently attached
Neighborhood characteristic trend factors (P.E.G.S.) - ANSWER...-Data Collection
(general data)
Comparative Data - ANSWER...-Cost, sales and income/expense
Element of Demands - ANSWER...-1. Consumer taste and preferences
2. consumer income
3. Price of related commodities
4. Consumer expectations
5. Price of commodities
Personal Property - ANSWER...-moveable items not permanently attached. (Chattel)
Test (Highest and Best Use) - ANSWER...-legally permissible, physically possible,
financially feasible, maximally productive
Real Estate - ANSWER...-Land and improvements that are permanently affixed
current and highest best use is likely to change in a short to moderate period of time -
ANSWER...-Interim use
Data Collection (specific data) - ANSWER...-Site, Off-Site, Improvements
Ownership Rights - ANSWER...-Sell, lease, use, give away, enter, refuse.
(S.L.U.G.E.R)
4 elements of supply - ANSWER...-1. cost of production
2. price of other goods
3. entrepreneur expectations
4. # of sellers in the market
Ad Valorem Tax - ANSWER...-Property tax according to value
Difference between cost price and value - ANSWER...-Cost - sacrifice to acquire
property (fact)
Price - the amount asked offered or paid (fact)
Value - Monterey worth of property (opinion)
Real Property - ANSWER...-interests, benefits ,and rights to ownership of land/items
permanently attached
