AAO 101 2026 EXAM QUESTIONS &
ACCURATE COMPLETE SOLUTIONS
Neighborhood characteristic trend factors (P.E.G.S.) - Correct Answer ✔✔ Data
Collection (general data)
Comparative Data - Correct Answer ✔✔ Cost, sales and income/expense
Element of Demands - Correct Answer ✔✔ 1. Consumer taste and preferences
2. consumer income
3. Price of related commodities
4. Consumer expectations
5. Price of commodities
Personal Property - Correct Answer ✔✔ moveable items not permanently attached.
(Chattel)
Test (Highest and Best Use) - Correct Answer ✔✔ legally permissible, physically
possible, financially feasible, maximally productive
Real Estate - Correct Answer ✔✔ Land and improvements that are permanently affixed
current and highest best use is likely to change in a short to moderate period of time -
Correct Answer ✔✔ Interim use
Data Collection (specific data) - Correct Answer ✔✔ Site, Off-Site, Improvements
Ownership Rights - Correct Answer ✔✔ Sell, lease, use, give away, enter, refuse.
(S.L.U.G.E.R)
4 elements of supply - Correct Answer ✔✔ 1. cost of production
2. price of other goods
3. entrepreneur expectations
4. # of sellers in the market
Ad Valorem Tax - Correct Answer ✔✔ Property tax according to value
Difference between cost price and value - Correct Answer ✔✔ Cost - sacrifice to
acquire property (fact)
Price - the amount asked offered or paid (fact)
Value - Monterey worth of property (opinion)
ACCURATE COMPLETE SOLUTIONS
Neighborhood characteristic trend factors (P.E.G.S.) - Correct Answer ✔✔ Data
Collection (general data)
Comparative Data - Correct Answer ✔✔ Cost, sales and income/expense
Element of Demands - Correct Answer ✔✔ 1. Consumer taste and preferences
2. consumer income
3. Price of related commodities
4. Consumer expectations
5. Price of commodities
Personal Property - Correct Answer ✔✔ moveable items not permanently attached.
(Chattel)
Test (Highest and Best Use) - Correct Answer ✔✔ legally permissible, physically
possible, financially feasible, maximally productive
Real Estate - Correct Answer ✔✔ Land and improvements that are permanently affixed
current and highest best use is likely to change in a short to moderate period of time -
Correct Answer ✔✔ Interim use
Data Collection (specific data) - Correct Answer ✔✔ Site, Off-Site, Improvements
Ownership Rights - Correct Answer ✔✔ Sell, lease, use, give away, enter, refuse.
(S.L.U.G.E.R)
4 elements of supply - Correct Answer ✔✔ 1. cost of production
2. price of other goods
3. entrepreneur expectations
4. # of sellers in the market
Ad Valorem Tax - Correct Answer ✔✔ Property tax according to value
Difference between cost price and value - Correct Answer ✔✔ Cost - sacrifice to
acquire property (fact)
Price - the amount asked offered or paid (fact)
Value - Monterey worth of property (opinion)
