Iaao 102 Study guides, Class notes & Summaries
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IAAO 102 (Questions with 100% correct answers)
- Exam (elaborations) • 7 pages • 2023
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Value is created by the expectation of benefits to be derived in the future. correct answers Anticipation 
 
This is the underlying principle which provides the basis of the income capitalization approach. correct answers Anticipation 
 
The most probable price a property should bring in a competitive and open market under all conditions requisite to a fair sale. correct answers Market Value 
 
All investors want a return OF their money correct answers Recapture rate or getting back amount inves...
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IAAO 102: Income with 100% correct answers
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Rate times Value 
Income equals 
 
 
 
The basis for the Income Approach 
Anticipation 
 
 
 
Income divided by Value 
Rate equals 
 
 
 
Income divided by Rate 
Value equals 
 
 
 
One of the three approaches to value in which the appraiser derives a value indication by converting anticipated benefits through ownership of income-producing property. 
Income approach 
 
 
 
The economic principle that states that value is created by the expectation of benefits to be derived in the future. 
Antici...
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IAAO 102 Questions and Answers Graded A+
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IAAO 102 Questions and Answers Graded A+ Surplus Produtivity Allows us to capitalize land income into an indication of value 
Return ON Overall Yield or Discount 
Return OF Wasting Asset or Recapture 
Leverage The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds 
Positive Leverage This is achieved when funds are invested in property, which has a higher rate of return than the cost of borrowed funds 
Negative Leverage This occurs when the cost of the bor...
IAAO 102 Formulas with 100% correct answers.
IAAO 102 EXAM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERSAGRADE
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IAAO 102 Formulas with 100% correct answers
- Exam (elaborations) • 3 pages • 2024
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Income & Expense Statement 
Gross Income/PGI 
- Vacancy & collection losses 
+ Misc income 
______________________ 
EGI 
- Allowed expenses 
______________________ 
NOI 
 
 
 
Recapture Rate 
1/REL (remaining economic life) 
 
 
 
Building & Land Rate 
Discount + ETR + Recapture = Building (Imp) rate 
 
Discount + ETR = Land rate 
 
 
 
Overall Rate (OAR or Ro) 
1. NOI + sale price 
2. Mortg % x mortg rate + equity % x equity rate 
3. DCR x M x Rm 
4. NIR/EGIM 
5. land % x land rate + imp % x im...
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IAAO 102 Questions and Answers Already Graded A
- Exam (elaborations) • 6 pages • 2023
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Anticipation Value is created by the expectation of benefits to be derived in the future 
Substitution the prices, rents, and rates of return of property tend to be set by the current 
prices, rents and rates of return for equally desire able substitute properties. 
Contribution the value of a component of real estate can be measured by the amount it 
contributes to net operating income because net operating income can be capitalized into value. 
Market Value means the most probable price which ...
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IAAO 102 Questions and Answers Graded A+
- Exam (elaborations) • 5 pages • 2023
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Surplus Produtivity Allows us to capitalize land income into an indication of value 
Return ON Overall Yield or Discount 
Return OF Wasting Asset or Recapture 
Leverage The borrowing of funds in hopes of earning a greater return than the cost of the 
borrowed funds 
Positive Leverage This is achieved when funds are invested in property, which has a higher 
rate of return than the cost of borrowed funds 
Negative Leverage This occurs when the cost of the borrowed funds equals the return on the 
p...
![IAAO 102 EXAM 2024 NEWEST 2 VERSIONS FROM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT) |ALREADY GRADED A+](/docpics/5204104/6638882f1d509_5204104_121_171.jpeg)
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IAAO 102 EXAM 2024 NEWEST 2 VERSIONS FROM ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT) |ALREADY GRADED A+
- Exam (elaborations) • 45 pages • 2024
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IAAO 102 EXAM 2024 NEWEST 2 
VERSIONS FROM ACTUAL EXAM 200 
QUESTIONS AND CORRECT DETAILED 
ANSWERS (100% CORRECT) |ALREADY 
GRADED A+
![IAAO 102 (Questions with complete solutions)](/docpics/3419655/64ff9a1c9c200_3419655_121_171.jpeg)
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IAAO 102 (Questions with complete solutions)
- Exam (elaborations) • 4 pages • 2023
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Anticipation correct answers Value is created by the expectation of benefits to be derived in the future 
 
Substitution correct answers the prices, rents, and rates of return of property tend to be set by the current prices, rents and rates of return for equally desire able substitute properties. 
 
Contribution correct answers the value of a component of real estate can be measured by the amount it contributes to net operating income because net operating income can be capitalized into value. ...
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