IAAO 311 EXAM 2025 QUESTIONS AND
ANSWERS
Mass appraisal is the systematic appraisal of groups of properties as of a given date using -
ANS standardized procedures and statistical testing
What characteristics does a mass appraisal require? - ANS valuation tables, schedules, and
models
Economic, social, and environmental are termed? - ANS market analysis data
Off site features and improvement data are termed? - ANS property analysis data
Selecting appropriate valuation approaches and specifying the variables to be used is called? -
ANS model specification
Developing adjustment weights from measurable supply and demand factors, including
quantitative and qualitative factors is called? - ANS model calibration
Valuation in exchange is determined by the interaction of? - ANS supply and demand
Value in exchange is? - ANS market value
1
Page
@COPYRIGHT BRAINBARTER 2025/2026
, A b0 is what? - ANS constant
b is what? - ANS coefficient
x is what? - ANS variable
What kind of model is a combination of multiplicative and additive? - ANS hybrid (generic)
model
4 categories of market data are? - ANS PEGS, Physical/Environmental, Economic,
Governmental, Social
Building codes, planning, and zones are considered (blank) forces? - ANS Government
What is the most effective yet expensive way to collect data? - ANS personal interviews
PGI is based on what? - ANS market rent
What kind of lease does owner pay expenses? - ANS gross
What kind of lease does tenant pay expenses? - ANS net
(blank) data is also known as discrete data as it relates to features or attributes of a property. -
ANS qualitative
(blank) data is also known as continuous data and is based on measuring or counting. -
ANS quantitative
2
Page
@COPYRIGHT BRAINBARTER 2025/2026
ANSWERS
Mass appraisal is the systematic appraisal of groups of properties as of a given date using -
ANS standardized procedures and statistical testing
What characteristics does a mass appraisal require? - ANS valuation tables, schedules, and
models
Economic, social, and environmental are termed? - ANS market analysis data
Off site features and improvement data are termed? - ANS property analysis data
Selecting appropriate valuation approaches and specifying the variables to be used is called? -
ANS model specification
Developing adjustment weights from measurable supply and demand factors, including
quantitative and qualitative factors is called? - ANS model calibration
Valuation in exchange is determined by the interaction of? - ANS supply and demand
Value in exchange is? - ANS market value
1
Page
@COPYRIGHT BRAINBARTER 2025/2026
, A b0 is what? - ANS constant
b is what? - ANS coefficient
x is what? - ANS variable
What kind of model is a combination of multiplicative and additive? - ANS hybrid (generic)
model
4 categories of market data are? - ANS PEGS, Physical/Environmental, Economic,
Governmental, Social
Building codes, planning, and zones are considered (blank) forces? - ANS Government
What is the most effective yet expensive way to collect data? - ANS personal interviews
PGI is based on what? - ANS market rent
What kind of lease does owner pay expenses? - ANS gross
What kind of lease does tenant pay expenses? - ANS net
(blank) data is also known as discrete data as it relates to features or attributes of a property. -
ANS qualitative
(blank) data is also known as continuous data and is based on measuring or counting. -
ANS quantitative
2
Page
@COPYRIGHT BRAINBARTER 2025/2026
