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IAAO 300 Test with Answers Latest.

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IAAO 300 Test with Answers Latest.

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Institution
IAAO 300
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November 23, 2025
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  • iaao 300 test with answers latest

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IAAO 300 Test with Answers Latest
Question 1
What are the 4 components of mass appraisal?

Correct Answer
Data Collection & Maintenance
Exploratory Data Analysis
Model Development
Model Application Review & Reconiciliation



Question 2
Data Collection & Maintenance is a component of the mass appraisal system and consists of what?
Correct Answer
Market (sales, income & expenses & cost data)
Property attribute data (land, building & location data)




Page 1 of 6

, Question 3
Exploratory Data Analysis is a component of the mass appraisal system and consists of what?
Correct Answer
Data Quality (data entry)
Distribution (patterns)
Market patterns (trends)
time trends (time adjustments)



Question 4
Model Development is a component of the mass appraisal system and consists of what?
Correct Answer
Specification (details)
Calibration (adjustments, rates)
Quality assurance (does it make sense, ratio studies)



Question 5
What is the median formula?
Correct Answer
N+1 divided by 2




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