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IAAO 101 Exam Review – International Association of Assessing Officers (IAAO) – 2026/2027 Comprehensive Practice Questions and Verified Answers

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Institution Iaao 101
Course Iaao 101
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This document contains comprehensive practice questions and verified answers for the IAAO Course 101 exam review, designed to help candidates prepare for property assessment coursework and certification. It covers essential topics including property assessment principles, real estate terminology, property classification, valuation methods, appraisal fundamentals, assessment administration, property tax concepts, market analysis, and professional standards in property assessment. The material is organized in a question-and-answer format to reinforce key assessment concepts, support comprehensive exam preparation, and improve examination readiness. It serves as a complete study resource for students and assessment professionals preparing for the 2026/2027 IAAO Course 101 examination.

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IAAO 101 Eam Review – Comprehensive Practice
Questions and Verified Answers 2026/2027

1. Ownership of a property is the right to: Sell Lease or
rent
Use
Give away Enter
or leave
Refuse to do any of the above
2. Factors that influence DEMAND: Consumers taste and preference
Consumer income
Price of related commodities
Consumer expectations
The price of the commodity
3. Factors that influence/effect land value: Physical
Economic
Governmental
Social
4. Basic responsibilities of an appraiser to all taxable: Discovery Listing
Valuation
5. Governmental restrictions on property: Taxable
Eminent Doman
Police Power
Escheat
6. Attributes of land are: Permanent
Unique
Finite supply
Functional
1/
10

, Stationary
7. Land that had been developed to the extent that it is ready to be built: Site
8. Sorting data in homogeneous groups with the primary sort being by marḳet area:
Stratification
9. The order of adjustments in the direct sales comparison method are as follows:
Financing




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