What is the production rate if an appraiser can field canvass 60 properties a day and there are 8 appraisers available?

Prepare for the IAAO Mass Appraising Exam with our quiz, featuring flashcards and multiple-choice questions. Each question includes hints and explanations. Ready yourself for success!

To find the production rate, you need to consider the number of appraisers and how many properties each one can canvass in a day. In this scenario, if each appraiser can field canvass 60 properties per day and there are 8 appraisers working, the total production rate can be calculated by multiplying the number of appraisers by the number of properties each can canvass.

So, you take the 60 properties canvassed by each appraiser and multiply it by the 8 appraisers:

60 properties/appraiser * 8 appraisers = 480 properties

This shows that on a given day, the combined effort of 8 appraisers can yield a total of 480 properties canvassed. This calculation underscores the importance of understanding team productivity in mass appraising contexts, where multiple appraisers can significantly increase the coverage in data collection, thus helping in the timely completion of appraisal tasks.

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