IAAO 102: INCOME APPROACH
QUESTIONS AND ANSWERS
Income equals - ans-Rate times Value sw sw sw sw sw
Anticipation - ans-The basis for the Income Approach sw sw sw sw sw sw sw
Rate equals - ans-Income divided by Value
sw sw sw sw sw sw
Value equals - ans-Income divided by Rate
sw sw sw sw sw sw
Income approach - ans- sw sw sw
One of the three approaches to value in which the appraiser derives a value indication by c
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
onverting anticipated benefits through ownership of income-producing property.
sw sw sw sw sw sw sw
Anticipation - ans- sw sw
The economic principle that states that value is created by the expectation of benefits to b
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e derived in the future.
sw sw sw sw
Substitution - ans- sw sw
The economic principle that states that a property's maximum value tends to be set you th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e lowest cost or price at which another property of equivalent utility can be acquired.
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
Contribution - ans- sw sw
The value of a component of real estate can be measured by the amount it contributes to n
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
et operating income because net operation income because net operating income can be
sw sw sw sw sw sw sw sw sw sw sw sw sw
capitalized into value. sw sw
Suply - ans- sw sw
The amount of product that producers are willing Ana able to sell under various conditions
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
during a given period. sw sw sw
Demand - ans- sw sw
The amount of product buyers are willing and able to buy during some periods, given the c
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
hoices available to them. sw sw sw
Market value - ans- sw sw sw
The most probable price which a property should bring in a competitive and open market u
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
QUESTIONS AND ANSWERS
Income equals - ans-Rate times Value sw sw sw sw sw
Anticipation - ans-The basis for the Income Approach sw sw sw sw sw sw sw
Rate equals - ans-Income divided by Value
sw sw sw sw sw sw
Value equals - ans-Income divided by Rate
sw sw sw sw sw sw
Income approach - ans- sw sw sw
One of the three approaches to value in which the appraiser derives a value indication by c
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
onverting anticipated benefits through ownership of income-producing property.
sw sw sw sw sw sw sw
Anticipation - ans- sw sw
The economic principle that states that value is created by the expectation of benefits to b
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e derived in the future.
sw sw sw sw
Substitution - ans- sw sw
The economic principle that states that a property's maximum value tends to be set you th
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
e lowest cost or price at which another property of equivalent utility can be acquired.
sw sw sw sw sw sw sw sw sw sw sw sw sw sw
Contribution - ans- sw sw
The value of a component of real estate can be measured by the amount it contributes to n
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
et operating income because net operation income because net operating income can be
sw sw sw sw sw sw sw sw sw sw sw sw sw
capitalized into value. sw sw
Suply - ans- sw sw
The amount of product that producers are willing Ana able to sell under various conditions
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
during a given period. sw sw sw
Demand - ans- sw sw
The amount of product buyers are willing and able to buy during some periods, given the c
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
hoices available to them. sw sw sw
Market value - ans- sw sw sw
The most probable price which a property should bring in a competitive and open market u
sw sw sw sw sw sw sw sw sw sw sw sw sw sw sw
