Capitalization rate Study guides, Class notes & Summaries
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IAAO Course 300 (2022/2023) Already Passed
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IAAO Course 300 (2022/2023) Already Passed Mass appraisal Systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing. 
Purpose of mass appraisal Equitable and efficient appraisal of all property in a jurisdiction for ad valorem tax purposes. 
When did first generation computers emerge? The 1950s 
Mass appraisal models may be: Physical, conceptual or mathematical. 
Property valuation models seek to explain or predict what? The market valu...
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2022 California Real Estate Exam Prep Questions & Answers (Test Bank)
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2022 California Real Estate Exam Prep Questions & Answers (Test Bank) 
(top 10pages free) 
An appraiser's definition of "Value" would be: 
 
a. present worth of all rights to future benefits arising out of ownership. 
b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. 
d. all of the above. ANS- d. all of the above. 
 
These are elements of value. 
 
Which of the following abbreviations is associated ...
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IAAO Course 300 with 100% correct answers
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Scope of Work Rule 
1. Identify the problem to be solved 
2. Determine and perform the scope of work necessary to develop credible assignment results 
3. Disclose the scope of work in the report 
 
 
 
Scope of work acceptability 
When it meets or exceeds: 
1. Expectations of parties who are regularly intended users for similar assignments and 2. What an Appraiser's peers actions would be in performing the same or similar assignments 
 
 
 
Economic Basis of Model Building 
Supply factors relat...
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Basic Appraisal Procedures questions with correct answers graded A+
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Term: 
What are the 8 steps of the valuation process? 
 
Definition: 
1. Define the problem, 2. scope of work, 3. data collection & property description, 4. data analysis, 5. land value opinion, 6. application of the approaches to value, 7. reconciliation of value indications and final opinion of value, 8. report of defined value. 
 
 
 
 
 
 
 
Term: 
Valuation process 
 
 
Definition: 
A systematic procedure employed to provide the answer to a clients question about the value of real prope...
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IAAO 101 Quiz| questions with complete answers
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IAAO 101 Quiz| questions with complete answers 
The basic responsibilities of the assessor are to ___________________ all taxable property 
Discover, List, and Value 
 
 
 
One of the steps an assessor must take in the discovery of property is to 
Conduct periodic on-site inspections of properties 
 
 
 
The property tax is a/an _____________________ tax, meaning it is based on value. 
Ad Valorem 
 
 
 
If a tax rate is $13.30 per $100, the decimal equivalent would be 
0.1330 
 
 
 
Actual value...
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Texas Real Estate Appraisal - SAE Course | 275 Questions with 100% Correct Answers | Verified | Latest Update 2024
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What can proper drainage do for a building site? - Protect the foundation 
The ______ method converts a single year's expected income (or an annual average) into a market value. 
- Direct Capitalization 
Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - 
Disposition 
What type of value may consumers be interested in if they are looking for the potential rate of return? - 
Investment Value 
How are adjustments made in the analysis used in the sa...
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Real Estate Salesperson California State Exam Questions and Answers Already Passed
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Real Estate Salesperson California State Exam Questions and Answers Already Passed Which of the following is most vital or important in planning a subdivision: Market Analysis 
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: Percentage Lease 
What is not an adequate method of transferring property? Executive Sale 
What is considered personal property? Existing Mortgage 
If an income property is valued at $100,000 based on an 8% capit...
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Real Estate Salesperson California State Exam Questions and Answers 100% Pass
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Real Estate Salesperson California State Exam 
Questions and Answers 100% Pass 
Which of the following is most vital or important in planning a subdivision: - Correct 
Answer ️️ -Market Analysis 
When rent is computed on the gross sales of a business occupying real property, the 
lease is correctly termed: - Correct Answer ️️ -Percentage Lease 
What is not an adequate method of transferring property? - Correct Answer ️️ - 
Executive Sale 
What is considered personal property? - Corre...
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ASA BV 201 EXAM WITH GUARANTEED CORRECT ANSWERS
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Market approach principle - correct answer Principle of substitution 
 
Fair market value- income apporach - correct answer present value of all future benefits 
 
two methods of income approach - correct answer capitalized methodology 
discounted methodology 
 
Capitalization Methodology - correct answer two essential elements are an estimated income base and capitalization rate (single period) 
 
Discounted methodology - correct answer projected income stream and a discount rate (multiperiod) ...
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California Real Estate Exam Multiple Choice Questions and Answers
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California Real Estate Exam Multiple Choice 
Questions and Answers 
An appraiser's definition of "Value" would be: 
a. present worth of all rights to future benefits arising out of ownership. 
b. the ability of one commodity to command other commodities in exchange. c. 
relationship between the thing desired and the potential purchaser. 
d. all of the above. - Answer- d. all of the above. 
These are elements of value. 
Which of the following abbreviations is associated with the FHA? 
a. NAR 
...
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