IAAO 101 EXAM QUESTIONS AND ANSWERS

IAAO 101 EXAM QUESTIONS AND ANSWERS
Question : Which Of The Following Is A Basic Right
Associated With The Ownership Of Property?
(a) To Use
(b) To Lease Or Rent
(c) To Enter Or Leave
Correct Answer: To Use, To Lease Or Rent, To Enter Or
Leave
Question : Which Approach To Value Is Premised On
The Principle Of Substitution?
(a) Cost Approach
(b) Sales Comparison Approach
(c) Income Approach
Correct Answer: Cost Approach, Sales Comparison
Approach, Income Approach

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