AAS Master Exam Study Cards
2026-2027
Expert-Verified Questions and
Answers
(With A+ Grades Guarantee)
,Leverage The borrowing of funds in hopes of earning a greater return than the cost of the
borrowed funds
list, value, discover The basic responsibilities of the assessor for all taxable property.
Conduct periodic on-site inspection of properties One of the steps an assessor must take in the discovery of property
Ad Valorem The property tax, meaning it is based on value.
Budget Divided by the assessed value equals the tax rate
Effective tax rate Assessment level times the tax rate equals the
Real property Land and everything permanently attached to it
Eminent domain Is a government restriction to the bundle of rights
To use, to lease or rent, to enter or leave Basic rights associated with the ownership of property
Equilibrium The point at which the forces of supply and demand meet
Fee simple ownership of all the rights of property, except those reserved by the government
General data, specific data, comparative data In the appraisal process, data collection requires the assessor to collect
Neighborhood An area of complementary land uses in which all properties are similarly influenced
by the 4 forces affecting value.
Consumer expectations Element of the marketplace that is likely to contribute to a change in demand
Entrepreneur expectations Element of the marketplace that is likely to contribute to a change in supply
, Market area The primary sort in analyzing land sales in stratification
Stratification The 1st step in analyzing land sales
Change The principle that market value is determined by such factors as zoning, rent
controls, interest rates, etc.
Front foot unit would be good to use when pedestrian access is important
ANTICIPATED USE OR DEVELOPMENT METHOD Land valuation method that replicates the actions of subdividers or developers
Replacement cost Cost of producing a building having same utility but using modern materials, design,
and workmanship
Principle of contribution Underlying principle in the adjustment process in sales comparison approach
Principle of substitution A buyer will pay no more for a property than for a comparable property
Principle of change States that market value is never constant because of environmental,
governmental, social, and economic forces
Reproduction cost The cost of building an exact replica of a building
When a property experiences functional obsolescence, it Is usually the result of diminished utility within a building
Quantity survey method The cost estimation method that is considered the most accurate but is also the
most time consuming
Financing The first adjustment in the sales comparison approach is
Local services When the interaction of supply and demand is being analyzed, which of the
following influences demand.
indirect cost examples Engineering fees, real estate taxes during construction, insurance
2026-2027
Expert-Verified Questions and
Answers
(With A+ Grades Guarantee)
,Leverage The borrowing of funds in hopes of earning a greater return than the cost of the
borrowed funds
list, value, discover The basic responsibilities of the assessor for all taxable property.
Conduct periodic on-site inspection of properties One of the steps an assessor must take in the discovery of property
Ad Valorem The property tax, meaning it is based on value.
Budget Divided by the assessed value equals the tax rate
Effective tax rate Assessment level times the tax rate equals the
Real property Land and everything permanently attached to it
Eminent domain Is a government restriction to the bundle of rights
To use, to lease or rent, to enter or leave Basic rights associated with the ownership of property
Equilibrium The point at which the forces of supply and demand meet
Fee simple ownership of all the rights of property, except those reserved by the government
General data, specific data, comparative data In the appraisal process, data collection requires the assessor to collect
Neighborhood An area of complementary land uses in which all properties are similarly influenced
by the 4 forces affecting value.
Consumer expectations Element of the marketplace that is likely to contribute to a change in demand
Entrepreneur expectations Element of the marketplace that is likely to contribute to a change in supply
, Market area The primary sort in analyzing land sales in stratification
Stratification The 1st step in analyzing land sales
Change The principle that market value is determined by such factors as zoning, rent
controls, interest rates, etc.
Front foot unit would be good to use when pedestrian access is important
ANTICIPATED USE OR DEVELOPMENT METHOD Land valuation method that replicates the actions of subdividers or developers
Replacement cost Cost of producing a building having same utility but using modern materials, design,
and workmanship
Principle of contribution Underlying principle in the adjustment process in sales comparison approach
Principle of substitution A buyer will pay no more for a property than for a comparable property
Principle of change States that market value is never constant because of environmental,
governmental, social, and economic forces
Reproduction cost The cost of building an exact replica of a building
When a property experiences functional obsolescence, it Is usually the result of diminished utility within a building
Quantity survey method The cost estimation method that is considered the most accurate but is also the
most time consuming
Financing The first adjustment in the sales comparison approach is
Local services When the interaction of supply and demand is being analyzed, which of the
following influences demand.
indirect cost examples Engineering fees, real estate taxes during construction, insurance
