2023 Hot Topics. Commercial Real Estate

Question 1

Please explain your understanding of the RICS Property Measurement 2nd Edition

Answer 1

Effective 2018
Changes to the way offices and resi space is measured
Incorporates IMPS
Consistency and unfiformity

Question 2

Why was red book updated

Answer 2

To account for changes to International Valuation Standards

Question 3

What do you need to consider BEFORE going to site to carry out an inspection

Answer 3

Am i copetent
Insured
Agreement signed with client
H&S risks
Review existing building info, plans etc

Question 4

How do you undertake an inspection

Answer 4

-read meeting minutes
-site plans
-walk around site perimeters
-roof, windows doors, drainage

Question 5

What kings of risks do you consider on site when inspecting

Answer 5

Asbestos
Working from height

Question 6

How does a disto work. How can you check accuracy

Answer 6

Check by measuring a known distance
Loses accuracy over distance as difficult to see lazer and direct