IAAO 201 LAND EXAM 2025 QUESTIONS AND ANSWERS
IAAO 201 LAND EXAM 2025 QUESTIONS AND ANSWERS
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IAAO 201
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IAAO 201
IAAO 201 LAND EXAM 2025 QUESTIONS AND ANSWERS
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Uploaded on: | September 10, 2025 |
Last updated: | September 10, 2025 |
Number of pages: | 25 |
Written in: | 2025/2026 |
Type: | Exam (elaborations) |
Contains: | Questions & Answers |
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IAAO 201 LAND EXAM 2025 QUESTIONS AND ANSWERS The basis for applying the adjustments in the sales comparison approach. ....ANSWER ...-Contribution States that a property must be valued with a single use for the entire property. ....ANSWER ...-Consistant use The amount of goods that producers are willing to sell under various conditions during a given period. - ....ANSWER ...-Supply (Producers=Supply) Net income remaining after the cost of labor, management, and capital has been paid. - ....ANSWER ...-Surplus productivity Present worth of future benefits. - ....ANSWER ...-Anticipation. Market value of a property tends to be set by the cost of acquiring an equally desirable and valuable property. - ....ANSWER ...-Substitution Maximum value is obtained when the four agents of production attain a state of equilibrium. - ....ANSWER ...-Balance ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1