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IAAO 300|141 QUESTIONS EXAM 2024 | ACTUAL EXAM WITH A STUDY GUIDE AND PRACTICE EXAM | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | GUARANTEED PASS | LATEST UPDATE | GRADED A$17.99
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IAAO 300|141 QUESTIONS EXAM 2024 | ACTUAL EXAM WITH A STUDY GUIDE AND PRACTICE EXAM | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | GUARANTEED PASS | LATEST UPDATE | GRADED A
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Course
IAAO
Institution
IAAO
IAAO 300|141 QUESTIONS EXAM 2024 |
ACTUAL EXAM WITH A STUDY GUIDE AND
PRACTICE EXAM | ACCURATE REAL EXAM
QUESTIONS AND ANSWERS |
GUARANTEED PASS | LATEST UPDATE |
GRADED A
IAAO 300|141 QUESTIONS EXAM 2024 |
ACTUAL EXAM WITH A STUDY GUIDE AND
PRACTICE EXAM | ACCURATE REAL EXAM
QUESTIONS AND ANSWERS |
GUARANTEED PASS | LATEST UPDATE |
GRADED A
1) Data collection and maintenance 2) Exploratory data analysis 3) Model development
4) Model application, review and reconciliation - ✔✔ANSW✔✔..The four components of
the mass appraisal system are __________.
1) Identify the problem to be solved. 2) Determine and perform the scope of work
necessary to develop a credible assignment. 3) Disclose the scope of work in the report.
- ✔✔ANSW✔✔..The scope of work rule has three parts and they are _______.
7 - ✔✔ANSW✔✔..How many steps are in the general appraisal process?
95 - Mean - ✔✔ANSW✔✔..When data is normally distributed, (approximately a bell-
shaped curve) _____________ percent will be within two standard deviations of the
_______________.
A binary variable - ✔✔ANSW✔✔..A corner lot; yes/no; or a swimming pool; yes/no; are
examples of what typle of variable:
A histogram - ✔✔ANSW✔✔..A logical step of dividing data into class intervals is:
A method of grouping homogeneous groups of properties based on selected
characteristics - ✔✔ANSW✔✔..Cluster analysis a method of:
Adaptive - Estimation - Procedure - ✔✔ANSW✔✔..The trial and error process for
quantifying the relationship between dependent (sale price) and independent variables
(property characteristics) is the _________________________________.
Additive - ✔✔ANSW✔✔..MV = b0 + (b1 * X1) + (b2 * X2) + (b3 * X3) ... is known as the
__________________ model.
, Adjusting to information gained as sales are sequentially considered and reconsidered -
✔✔ANSW✔✔..Adaptive Estimation Procedure (AEP) operates by:
All of the above - Identify the problem to be solved; Determine and perform the scope
necessary to develop creditable assignment results; Disclose the scope of work in the
report. - ✔✔ANSW✔✔..An appraiser must do which of the following for each appraisal?
All of the above; Applicability to most building types; Clear, well-illustrated and easy to
use; Easy to update - ✔✔ANSW✔✔..Desirables features to consider when acquiring a
cost manual is:
All of the above; Appraising unique properties; Validating cost estimates produced by
other methods; Effective of new construction where trennd factors are small -
✔✔ANSW✔✔..As used in mass appraisal, the Trended Original Cost Method is best
used for:
All of the above; Commercial cost services, Mass appraisal companies, State agencies
or develop in-house; based on local cost - ✔✔ANSW✔✔..In acquiring a cost manual,
possible sources are:
All of the above; Cost data, Sales data, Income data - ✔✔ANSW✔✔..In data collection
and maintenance, market data involves:
All of the above; Develop benchmark costs, Adjust for non-standard features, Appraise
unique properties - ✔✔ANSW✔✔..As used in mass appraisal, the Unit-in-Place Cost
Method is best used for:
All of the above; that involves the study distances from value influence centers, where
market boundaries are less "choppy" - the "low" area, that requires a Geographic
Information System (GIS) that can help develop a location adjustment to be used for
modeling - ✔✔ANSW✔✔..In stratification and location analyis, Location Value
Response Service Analyis (LSRSA) is a technique:
Appeal - ✔✔ANSW✔✔..Property owners may dispute their value and this is part of the
___________________ System.
Array - ✔✔ANSW✔✔..The listing of data in order of magnitude (either ascending or
descending) is termed a/an _______________.
Assessment System, Appeal System, and Collection System - ✔✔ANSW✔✔..The three
components of a Property Tax System are the ___________, ____________________,
and __________________________.
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