Property Valuation
Iowa's appraisal standards for licensed appraisers are overseen by which Iowa regulatory body?
AIowa Real Estate Commission (IREC)
BIowa Real Estate Appraiser Examining Board (IREAB)✓ Correct
CIowa Department of Commerce Banking Division
DIowa Association of REALTORS® (IAR)
Explanation
The Iowa Real Estate Appraiser Examining Board (IREAB) licenses, certifies, and regulates real estate appraisers in Iowa, enforcing USPAP compliance and state appraiser licensing requirements separate from the real estate broker licensing administered by the IREC.
Related Iowa Property Valuation Questions
- In Iowa, a county assessor determines the assessed value of real property primarily for:
- Reconciliation in an Iowa appraisal report is the process in which the appraiser:
- The income capitalization approach divides NOI by the cap rate to find value. If a Des Moines apartment has an NOI of $85,000 and comparable properties sell at a 7% cap rate, what is the value?
- An Iowa appraiser is using paired sales analysis. The purpose of this technique is to:
- Functional obsolescence as a form of depreciation in real estate refers to:
- The income approach to value is MOST appropriate for which type of property?
- The principle of substitution states that:
- When using the sales comparison approach, an appraiser makes adjustments to comparable sales prices because:
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →