Iaao 300 Complete Course Review Exam 2025

IAAO 300 COMPLETE COURSE REVIEW EXAM 2024-2025 QUESTIONS and ANSWERS When geographically stratifying properties _should be drawn to correspond with _ or political boundaries. - ANSWER--boundaries physical Broad geographic areas subject to the same economic influences are known as - ANSWER--market areas. A technique that can be used to group similar subdivisions into neighborhoods is - ANSWER--cluster analysis. MV = GQ [(PI QI) + (PL QL)] + OA is known as the - ANSWER--hybrid (generic) model. The trial and error process for quantifying the relationship between dependent (sale price) and independent variables (property characteristics) is the - ANSWER--adaptive estimation procedure In the development of per-unit values, the most appropriate units would have low measures of - ANSWER--dispersion. The formula of the net income model is - ANSWER--MV = NOI OAR. When estimating gross income, you must _ properties by class, etc., compute measures of central tendency and dispersion, and determine the typical per-unit value. - ANSWER-- stratify Property taxes should not be included when estimating - ANSWER--expense ratios. List three factors that should be considered when stratifying properties or specifying models for the development of GIMs and OARs. - ANSWER--a. Building type b. Location c. Age or condition The formula