IAAO 112 EXAM WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY
GRADED A+
appraisal process - (answer)The is a systematic, logical method of collecting, analyzing, and processing
data into value estimates.
Definition of the problem - (answer)is the first step in the appraisal process.
The ___________ of an appraisal is usually to estimate an opinion of a type of value, most often
__________ value. - (answer)purpose, market
The type and extent of research and analyses in an appraisal or appraisal review assignment is referred
to as the _____________ - (answer)scope of work.
In order to determine the appropriate scope of work an appraiser must properly ______________ to be
solved. - (answer)define (or identify) the problem
The four tests performed to determine the highest and best use of a property are: - (answer)physical
possibility, legal permissibility, financial feasibility, and maximum productivity.
7. All three approaches to value, the Cost Approach, the Sales Comparison Approach, and the Income
Approach must be developed in every appraisal. True or False - (answer)False
8. The worth of an investment property to a particular investor is:
a. Value in use
b. Value in exchange
c. Investment value
d. Market value - (answer)c. Investment value
The results of deducting expected vacancy and collection losses from potential gross rent and then
adding miscellaneous income is:
, IAAO 112 EXAM WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY
GRADED A+
a. Net operating income
b. Fair rental value
c. Expense ratio
d. Effective gross income - (answer)d. Effective gross income
Which capitalization method or methods uses the IRV equations:
a. Direct capitalization
b. Yield capitalization
c. Both
d. Neither - (answer)c. Both
Investment criteria includes all but:
a. Profit
b. Risk
c. Supplies
d. Illiquidity - (answer)c. Supplies
Investors are looking for a return ___ and a return ___ their capital. - (answer)of and on
Which of the following is NOT a return on rate?
a. Interest rate
b. Discount rate
C. Yield rate
d. Recapture rate - (answer)d. Recapture rate
CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY
GRADED A+
appraisal process - (answer)The is a systematic, logical method of collecting, analyzing, and processing
data into value estimates.
Definition of the problem - (answer)is the first step in the appraisal process.
The ___________ of an appraisal is usually to estimate an opinion of a type of value, most often
__________ value. - (answer)purpose, market
The type and extent of research and analyses in an appraisal or appraisal review assignment is referred
to as the _____________ - (answer)scope of work.
In order to determine the appropriate scope of work an appraiser must properly ______________ to be
solved. - (answer)define (or identify) the problem
The four tests performed to determine the highest and best use of a property are: - (answer)physical
possibility, legal permissibility, financial feasibility, and maximum productivity.
7. All three approaches to value, the Cost Approach, the Sales Comparison Approach, and the Income
Approach must be developed in every appraisal. True or False - (answer)False
8. The worth of an investment property to a particular investor is:
a. Value in use
b. Value in exchange
c. Investment value
d. Market value - (answer)c. Investment value
The results of deducting expected vacancy and collection losses from potential gross rent and then
adding miscellaneous income is:
, IAAO 112 EXAM WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY
GRADED A+
a. Net operating income
b. Fair rental value
c. Expense ratio
d. Effective gross income - (answer)d. Effective gross income
Which capitalization method or methods uses the IRV equations:
a. Direct capitalization
b. Yield capitalization
c. Both
d. Neither - (answer)c. Both
Investment criteria includes all but:
a. Profit
b. Risk
c. Supplies
d. Illiquidity - (answer)c. Supplies
Investors are looking for a return ___ and a return ___ their capital. - (answer)of and on
Which of the following is NOT a return on rate?
a. Interest rate
b. Discount rate
C. Yield rate
d. Recapture rate - (answer)d. Recapture rate
