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IAAO 300 Chapter 3 Review Questions and Answers

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IAAO 300 Chapter 3 Review Questions and Answers

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IAAO 300 Chapter 3 Review Questions


Three methods of studies required to evaluate data accuracy are _____________, ______________, and
___________. - Answer-field

ratio

pilot



_________________ relates to how accurately recorded information, used to estimate values reflects
current status of the property. - Answer-Quality



Qualitative items that have three or more predefined values e.g. (topography: level, rolling or steep) are
known as ____________ data. - Answer-discrete



A ________ ____________ manual should explain how to collect and code data thus ensuring greater
uniformity among appraisers. - Answer-data inventory



A __________________ edit makes certain that the number of bedrooms does not exceed the total
room count or the square footage of the basement is not greater than the square footage of the finished
area. - Answer-consistency



_____________ data are items where the proper value is a matter of judgement, such as construction,
class, condition, etc. - Answer-Subjective



___________ relates to the completeness of the available data or what must be collected to capture
local market influences. - Answer-Quantity

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