8/29/25, 11:48 AM IAAO 311 Review Questions and Quizzes EXAM Questions and Answers (Verified Answers) (Latest Update 2025) UPDATE!! Flas…
IAAO 311 Review Questions and Quizzes EXAM
Questions and Answers (Verified Answers) (Latest
Update 2025) UPDATE!!
Save
Terms in this set (97)
What is a requirement of Uses three basic approaches to value
both single-property and
mass appraisal?
What is the first step in the definition of the problem
mass appraisal process?
List the three types of data General data
that must be collected in Specific data
analyzing the market. Comparative data
Identifying supply and model specification
demand factors that best
explain values in a specific
market, and expressing
them in an equation is
called
_____________________________________
_.
https://quizlet.com/1069590232/iaao-311-review-questions-and-quizzes-exam-questions-and-answers-verified-answers-latest-update-2025-update-fla… 1/18
,8/29/25, 11:48 AM IAAO 311 Review Questions and Quizzes EXAM Questions and Answers (Verified Answers) (Latest Update 2025) UPDATE!! Flas…
Developing adjustment model calibration
weights or coefficients
from measurable supply
and demand factors that
include quantitative
factors describing the
improvements and
qualitative judgments
affecting land and/or
improvement value is
called
____________________________________.
Price
Price of related commodities
List the five determinants
Consumer tastes and preference
of demand:
Consumer's income
Consumer expectations
Price
List the three determinants
Availability and cost of related goods
of supply:
Technology
A ____________ helps evaluate pilot study
what data to collect and
the best way to collect it.
IAAO standards six
recommend routine
property inspections at
least every ________ years.
Mail questionnaires
List four methods of
Telephone
obtaining income and
Personal contact
expense data:
Industry and trade publications
https://quizlet.com/1069590232/iaao-311-review-questions-and-quizzes-exam-questions-and-answers-verified-answers-latest-update-2025-update-fla… 2/18
, 8/29/25, 11:48 AM IAAO 311 Review Questions and Quizzes EXAM Questions and Answers (Verified Answers) (Latest Update 2025) UPDATE!! Flas…
The square foot area of a continuous (quantitative)
residence is considered discrete (qualitative)
___________ _____________ data
while the condition rating
is considered _______
___________ data.
__________ data is qualitative Binary
items that have only two
possibilities, yes or no.
Converting a discrete scalar
variable to relative values
or numerical ratings is
termed a ___________
transformation.
The result of a 0.741
depreciation analysis 0.692
show that the effect of
age on value is: %
good=Age -.10. The
percent good for 20 years
of age would be _________
while the percent good
for 40 years of age would
be________.
The natural log for a lot 5.011
with a depth of 150 feet 1.088
would be _____________. The
factor relative to a base
lot of 100 feet would be
_________.
https://quizlet.com/1069590232/iaao-311-review-questions-and-quizzes-exam-questions-and-answers-verified-answers-latest-update-2025-update-fla… 3/18
IAAO 311 Review Questions and Quizzes EXAM
Questions and Answers (Verified Answers) (Latest
Update 2025) UPDATE!!
Save
Terms in this set (97)
What is a requirement of Uses three basic approaches to value
both single-property and
mass appraisal?
What is the first step in the definition of the problem
mass appraisal process?
List the three types of data General data
that must be collected in Specific data
analyzing the market. Comparative data
Identifying supply and model specification
demand factors that best
explain values in a specific
market, and expressing
them in an equation is
called
_____________________________________
_.
https://quizlet.com/1069590232/iaao-311-review-questions-and-quizzes-exam-questions-and-answers-verified-answers-latest-update-2025-update-fla… 1/18
,8/29/25, 11:48 AM IAAO 311 Review Questions and Quizzes EXAM Questions and Answers (Verified Answers) (Latest Update 2025) UPDATE!! Flas…
Developing adjustment model calibration
weights or coefficients
from measurable supply
and demand factors that
include quantitative
factors describing the
improvements and
qualitative judgments
affecting land and/or
improvement value is
called
____________________________________.
Price
Price of related commodities
List the five determinants
Consumer tastes and preference
of demand:
Consumer's income
Consumer expectations
Price
List the three determinants
Availability and cost of related goods
of supply:
Technology
A ____________ helps evaluate pilot study
what data to collect and
the best way to collect it.
IAAO standards six
recommend routine
property inspections at
least every ________ years.
Mail questionnaires
List four methods of
Telephone
obtaining income and
Personal contact
expense data:
Industry and trade publications
https://quizlet.com/1069590232/iaao-311-review-questions-and-quizzes-exam-questions-and-answers-verified-answers-latest-update-2025-update-fla… 2/18
, 8/29/25, 11:48 AM IAAO 311 Review Questions and Quizzes EXAM Questions and Answers (Verified Answers) (Latest Update 2025) UPDATE!! Flas…
The square foot area of a continuous (quantitative)
residence is considered discrete (qualitative)
___________ _____________ data
while the condition rating
is considered _______
___________ data.
__________ data is qualitative Binary
items that have only two
possibilities, yes or no.
Converting a discrete scalar
variable to relative values
or numerical ratings is
termed a ___________
transformation.
The result of a 0.741
depreciation analysis 0.692
show that the effect of
age on value is: %
good=Age -.10. The
percent good for 20 years
of age would be _________
while the percent good
for 40 years of age would
be________.
The natural log for a lot 5.011
with a depth of 150 feet 1.088
would be _____________. The
factor relative to a base
lot of 100 feet would be
_________.
https://quizlet.com/1069590232/iaao-311-review-questions-and-quizzes-exam-questions-and-answers-verified-answers-latest-update-2025-update-fla… 3/18
