IAAO 101 - Review Questions
______ ____ ______ represents the value of a property for a specific use. - Value in use
_______ ________ analysis, that's used in the main in unmarried-property appraisal, calls for
the sale houses to be same in all attributes besides the only being measured (or adjustments
have already been made for any differences). - Paired income
_______ ________ is a parcel of land and any structures or improvements that are permanently
affixed thereto. - Real property
________ refers to the quantity of products that producers are inclined to sell at a given price in
the course of a targeted term. - Supply
__________ ______ is the price of producing a building or improvement the usage of
contemporary strategies and substances with the same application. - Replacement price
__________ ______ is the cost of producing an genuine duplicate of a constructing or
improvement. - Reproduction fee
___________ obsolescence is a loss in fee due to a deficiency, modernization, or
superadequacy inside the structure. - Functional
___________ obsolescence is a loss in cost as a consequence of a lower in software and
desirability caused by elements outside the assets's boundaries. - External
____________ is the point at which the forces of supply and forces of call for meet. -
Equilibrium
A cardinal rule within the income evaluation technique holds that all changes are made to the
______ assets, and never to the ______. - problem
A entire set of ________ maps showing obstacles, parcel length, sales facts, and other relevant
functions of all parcels in a jurisdiction is a essential tool for assessors. - cadastral
A jurisdiction's tax rate is decided by dividing the _________ to be derived from belongings tax
by means of the whole _________ ____________ of the taxing jurisdiction. - finances
assessed valuation
A land-to-building ratio of one:4 way land represents ____ percent of the value. - 20
A major advantage to the income comparison method is that it displays the movements of
________ and _________ within the marketplace. - customers
, sellers
A important precept in the income comparison technique holds that the connection between a
assets and its environment have to be in ________ for a property to mirror its most fulfilling
market price. - balance
A approach of valuing land that subtracts the depreciated value of the improvement from the
sale price is called _________. - abstraction
A residence has an RCN of $200,000. Items classified as curable physical deterioration have an
RCN of $10,000 and a fee to treatment of $12,000. Incurable bodily deterioration (brief-lived
items) have an RCN of $forty,000 and a depreciation amount of $18,000. The real age for the
house is 6 years, and the whole useful existence is 60 years.
The total quantity of physical deterioration for the house might be ________. - $45,000
A residence is positioned on a road that has turn out to be a completely busy thoroughfare. It
rents for $800 according to month. Residences now not placed at the busy avenue rent for $825
according to month. The GRM for this location is 150, and the land-to-constructing ratio is
1:four.
The indicated amount of outside obsolescence is ______. - $three,000
A township inside the Public Land Survey System carries ____ sections, with each phase
containing _____ acres. - 36
640
A -tale house has most effective one bathtub, that is placed on the second floor. If a second
bathtub were included on the first ground while the house changed into at first constructed, RCN
could be $11,500. The price to put in (treatment) the second one bath these days could be
$thirteen,500.
The quantity of practical obsolescence would be _______. - $2,000
A unit of comparison that would be applicable to agricultural farmland or larger rural residential
tracts would be the ______________. - price according to acre
A unit of assessment that would be applicable to single-family residential assets is the
____________________________ or __________________. - fee per rectangular foot of gross
living area
total assets rate
An place of complementary land uses wherein all houses are similarly stimulated with the aid of
the four forces affecting price is termed a ___________. - neighborhood
______ ____ ______ represents the value of a property for a specific use. - Value in use
_______ ________ analysis, that's used in the main in unmarried-property appraisal, calls for
the sale houses to be same in all attributes besides the only being measured (or adjustments
have already been made for any differences). - Paired income
_______ ________ is a parcel of land and any structures or improvements that are permanently
affixed thereto. - Real property
________ refers to the quantity of products that producers are inclined to sell at a given price in
the course of a targeted term. - Supply
__________ ______ is the price of producing a building or improvement the usage of
contemporary strategies and substances with the same application. - Replacement price
__________ ______ is the cost of producing an genuine duplicate of a constructing or
improvement. - Reproduction fee
___________ obsolescence is a loss in fee due to a deficiency, modernization, or
superadequacy inside the structure. - Functional
___________ obsolescence is a loss in cost as a consequence of a lower in software and
desirability caused by elements outside the assets's boundaries. - External
____________ is the point at which the forces of supply and forces of call for meet. -
Equilibrium
A cardinal rule within the income evaluation technique holds that all changes are made to the
______ assets, and never to the ______. - problem
A entire set of ________ maps showing obstacles, parcel length, sales facts, and other relevant
functions of all parcels in a jurisdiction is a essential tool for assessors. - cadastral
A jurisdiction's tax rate is decided by dividing the _________ to be derived from belongings tax
by means of the whole _________ ____________ of the taxing jurisdiction. - finances
assessed valuation
A land-to-building ratio of one:4 way land represents ____ percent of the value. - 20
A major advantage to the income comparison method is that it displays the movements of
________ and _________ within the marketplace. - customers
, sellers
A important precept in the income comparison technique holds that the connection between a
assets and its environment have to be in ________ for a property to mirror its most fulfilling
market price. - balance
A approach of valuing land that subtracts the depreciated value of the improvement from the
sale price is called _________. - abstraction
A residence has an RCN of $200,000. Items classified as curable physical deterioration have an
RCN of $10,000 and a fee to treatment of $12,000. Incurable bodily deterioration (brief-lived
items) have an RCN of $forty,000 and a depreciation amount of $18,000. The real age for the
house is 6 years, and the whole useful existence is 60 years.
The total quantity of physical deterioration for the house might be ________. - $45,000
A residence is positioned on a road that has turn out to be a completely busy thoroughfare. It
rents for $800 according to month. Residences now not placed at the busy avenue rent for $825
according to month. The GRM for this location is 150, and the land-to-constructing ratio is
1:four.
The indicated amount of outside obsolescence is ______. - $three,000
A township inside the Public Land Survey System carries ____ sections, with each phase
containing _____ acres. - 36
640
A -tale house has most effective one bathtub, that is placed on the second floor. If a second
bathtub were included on the first ground while the house changed into at first constructed, RCN
could be $11,500. The price to put in (treatment) the second one bath these days could be
$thirteen,500.
The quantity of practical obsolescence would be _______. - $2,000
A unit of comparison that would be applicable to agricultural farmland or larger rural residential
tracts would be the ______________. - price according to acre
A unit of assessment that would be applicable to single-family residential assets is the
____________________________ or __________________. - fee per rectangular foot of gross
living area
total assets rate
An place of complementary land uses wherein all houses are similarly stimulated with the aid of
the four forces affecting price is termed a ___________. - neighborhood
