IAAO COURSE 300 PROFESSIONAL
PREPARATION PACKAGE 2026 COMPLETE
SOLUTION SET
◉ MVs = Sc + ADJc. Answer: The formula of the sales comparison
model is _____________.
◉ Generic (Hybrid), Additive, Multiplicative. Answer: The three
basic types of mass appraisal model structures are?
◉ Additive. Answer: MV = b0 + (b1 * X1) + (b2 * X2) + (b3 * X3) ... is
known as the __________________ model.
◉ Boundaries - Physical. Answer: When geographically stratifying
properties, ________________ should be drawn to correspond with
____________________ or political boundaries.
◉ Market. Answer: Broad geographic areas subject to the same
economic influences are known as _________________ areas.
◉ Cluster - Analysis. Answer: A technique that can be used to group
similar subdivisions into neighborhoods is ____________________
, ◉ Generic. Answer: MV = Gq * (P1 * Q1) + (Pl * Ql) + OA is known as
the ______________ model.
◉ Adaptive - Estimation - Procedure. Answer: The trial and error
process for quantifying the relationship between dependent (sale
price) and independent variables (property characteristics) is the
_________________________________.
◉ Dispersion. Answer: In the development of per unit values, the
most appropriate units would have low measures of
______________________.
◉ V = I /R. Answer: The formula of the net income model is
_________________.
◉ Stratify. Answer: When estimating gross income you must
_________________ properties by class, etc., compute measure of central
tendency and dispersion and determine the typical per unit value.
◉ Expense Ratios. Answer: Property taxes should not be included
when estimating
◉ Building Type, Location, Age/Condition. Answer: List three factors
that should be considered when stratifying properties or specifying
models for the development of GIMs and OAR's.
PREPARATION PACKAGE 2026 COMPLETE
SOLUTION SET
◉ MVs = Sc + ADJc. Answer: The formula of the sales comparison
model is _____________.
◉ Generic (Hybrid), Additive, Multiplicative. Answer: The three
basic types of mass appraisal model structures are?
◉ Additive. Answer: MV = b0 + (b1 * X1) + (b2 * X2) + (b3 * X3) ... is
known as the __________________ model.
◉ Boundaries - Physical. Answer: When geographically stratifying
properties, ________________ should be drawn to correspond with
____________________ or political boundaries.
◉ Market. Answer: Broad geographic areas subject to the same
economic influences are known as _________________ areas.
◉ Cluster - Analysis. Answer: A technique that can be used to group
similar subdivisions into neighborhoods is ____________________
, ◉ Generic. Answer: MV = Gq * (P1 * Q1) + (Pl * Ql) + OA is known as
the ______________ model.
◉ Adaptive - Estimation - Procedure. Answer: The trial and error
process for quantifying the relationship between dependent (sale
price) and independent variables (property characteristics) is the
_________________________________.
◉ Dispersion. Answer: In the development of per unit values, the
most appropriate units would have low measures of
______________________.
◉ V = I /R. Answer: The formula of the net income model is
_________________.
◉ Stratify. Answer: When estimating gross income you must
_________________ properties by class, etc., compute measure of central
tendency and dispersion and determine the typical per unit value.
◉ Expense Ratios. Answer: Property taxes should not be included
when estimating
◉ Building Type, Location, Age/Condition. Answer: List three factors
that should be considered when stratifying properties or specifying
models for the development of GIMs and OAR's.
