IAAO 102 Exam 2026–2027 – Newest Version with Complete Solutions

IAAO 102 EXAM 2026-2027 NEWEST
VERSION
WITH COMPLETE SOLUTIONS

Anticipation - CORRECT ANSWER ✔️ Value is created
by the expectation of benefits to be derived in the future


Substitution - CORRECT ANSWER ✔️ 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 ANSWER ✔️ 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 - CORRECT ANSWER ✔️ means the most
probable price which a property should bring in a
competitive and open market under all conditions.

, 5 Analysis Questions for Investors - - CORRECT
ANSWER ✔️ 1. How much it cost?
2. How much will I get back?
3. When will I get it back?
4. What are the risk?
5. What are some comps ROI compared to my interested
property?


Leverage - CORRECT ANSWER ✔️ borrowing of funds in
hopes of earning a greater return than the cost of the
borrowed funds. This amount can be be negative, positive,
or neutral.


Mortgage - CORRECT ANSWER ✔️ most common type
of financing for real estate.


Junior Mortgage - CORRECT ANSWER ✔️ typical a
second mortgage