IAAO 201
as though vacant formula for return rate - Answer-cost to construct + land = total cost - MV = profit ÷
cost = return
characteristics of Parcel identification systems - Answer-uniqueness
permanent
simplicity
ease of maintenance
flexibility
reference to location
section = acres? - Answer-640 acres
acre = square ft? - Answer-43560
due to the curvature of he earth sections in __________of a township are less then 1 sq mile. - Answer-n
&w
fractional / government lots - Answer-lots are quarter-quarter sections with more or less then a full 40
acres
lots & blocks - Answer-are the smallest land descriptions used in populated areas
, criteria for highest & best use - Answer-legally permissable
physically possible
financially feasible
maximally productive
principle of balance - Answer-when the 4 agents of production are porportionate
principle of substitution - Answer-MV is determined by the cost if buying a equally desirable & valuable
property
improvements TO land - Answer-on site improvements, hard scaping, paving, grading, landscaping
sewers utility hook ups
fundamental basis of land value - Answer-as though vacant
personal interview - Answer-most effective way to obtain sales verification & can be clarified
immediately
plottage - Answer-Combining two or more parcels of land with a resulting increase in total value. higher
value because they were combined
legally permissible examples - Answer-deed restrictions
zoning
building codes
subdivision regulations
environmental laws
as though vacant formula for return rate - Answer-cost to construct + land = total cost - MV = profit ÷
cost = return
characteristics of Parcel identification systems - Answer-uniqueness
permanent
simplicity
ease of maintenance
flexibility
reference to location
section = acres? - Answer-640 acres
acre = square ft? - Answer-43560
due to the curvature of he earth sections in __________of a township are less then 1 sq mile. - Answer-n
&w
fractional / government lots - Answer-lots are quarter-quarter sections with more or less then a full 40
acres
lots & blocks - Answer-are the smallest land descriptions used in populated areas
, criteria for highest & best use - Answer-legally permissable
physically possible
financially feasible
maximally productive
principle of balance - Answer-when the 4 agents of production are porportionate
principle of substitution - Answer-MV is determined by the cost if buying a equally desirable & valuable
property
improvements TO land - Answer-on site improvements, hard scaping, paving, grading, landscaping
sewers utility hook ups
fundamental basis of land value - Answer-as though vacant
personal interview - Answer-most effective way to obtain sales verification & can be clarified
immediately
plottage - Answer-Combining two or more parcels of land with a resulting increase in total value. higher
value because they were combined
legally permissible examples - Answer-deed restrictions
zoning
building codes
subdivision regulations
environmental laws
