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IAAO Course 102- Review with Complete Solutions

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IAAO Course 102- Review with Complete Solutions Anticipation Definition - ANSValue created by ghe expectationof benefits to be derived in the future Leverage Definition - ANSBorrowing of funds in hopes of earning a greater return than the cost of the borrowed funds- positive / negative / neutral Chattel Mortgage Definition - ANSMortgage only on personal property Effective Tax Rate Definition - ANSReflects the relationship between the real estate taxes and the value of property IRV formula - ANSNet Operating Income ÷ Rate = Value Always use annual figures VIF Formula - ANSValue = incom

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IAAO Course 102

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Uploaded on: December 19, 2023
Number of pages: 5
Written in: 2023/2024
Type: Exam (elaborations)
Contains: Questions & answers

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