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IAAO Course 102- Chapter 1 Review with Complete Solutions
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IAAO Course 102- Chapter 1 Review with Complete Solutions Income Approach - ANSOne of the three approaches to value in which the appraiser derives a value indication by converting ANTICIPATED benefits through ownership of income producing property. As an investor analyzes various opportunities what will he or she consider? - ANS1. How much will it cost? 2. How much will I get back? 3. When will I get it back? 4. What are the risks? 5. What is the return of a real estate investment compared to another investments of similar risks? Anticipation - ANSThe economic principle that states that value is created by the expectation of benefits to be derived in the future, Substitution - ANSThe econo
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IAAO Course 102
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IAAO Course 102
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