IAAO 101 Exam Questions with Correct Answers| Latest Update Guaranteed Success
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
Factors that influence DEMAND Consumers taste and preference
Consumer income
Price of related commodities
Consumer expectations
The price of the commodity
Factors that influence/effect land value Physical
Economic
Governmental
Social
Basic responsibilities of an appraiser to all taxable Discovery
Listing
Valuation
Governmental restrictions on property Taxable
Eminent Doman
Police Power
Escheat
, Attributes of land are Permanent
Unique
Finite supply
Functional
Stationary
Land that had been developed to the extent that it is ready to be built Site
Sorting data in homogeneous groups with the primary sort being by market area
Stratification
The order of adjustments in the direct sales comparison method are as follows Financing
Market conditions
Location and physical characteristics
Merging of adjacent properties into one common ownership and the unit value does not
change is Assemblage
Methods of land valuation Sales comparison
Allocation
Abstraction
Anticipated use or development
Capitalization of ground rent
Land residual capitalization
The combining of two or more sites creating a site that has greater utility and an increase unit
value Plottage
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
Factors that influence DEMAND Consumers taste and preference
Consumer income
Price of related commodities
Consumer expectations
The price of the commodity
Factors that influence/effect land value Physical
Economic
Governmental
Social
Basic responsibilities of an appraiser to all taxable Discovery
Listing
Valuation
Governmental restrictions on property Taxable
Eminent Doman
Police Power
Escheat
, Attributes of land are Permanent
Unique
Finite supply
Functional
Stationary
Land that had been developed to the extent that it is ready to be built Site
Sorting data in homogeneous groups with the primary sort being by market area
Stratification
The order of adjustments in the direct sales comparison method are as follows Financing
Market conditions
Location and physical characteristics
Merging of adjacent properties into one common ownership and the unit value does not
change is Assemblage
Methods of land valuation Sales comparison
Allocation
Abstraction
Anticipated use or development
Capitalization of ground rent
Land residual capitalization
The combining of two or more sites creating a site that has greater utility and an increase unit
value Plottage
