9. VPS 3 - Valuation approaches and methods Flashcards
1
Q
What is VPS 3?
A
Valuation approaches and methodologies
Valuers are responsible for adopting, and justifying, the valuation approach(es) and method(s) used for a valuation
Optional - Valuation (Red Book) (20 decks)
- 101 Red Book
- 1. Generic Questions - Red Book
- 2. Key changes to the Red Book Global, 2024
- 3. Part 3: RICS Professional Standards (PS) - mandatory worldwide
- 4. PS 1 - Compliance with standards where a written valuation is provided
- 5. PS 2 - Ethics, competency, objectivity and disclosures
- 6. Part 4: Valuation Technical & Performance Standards (VPS) - mandatory worldwide
- 7. VPS 1 - Terms of Engagement (Scope of Work)
- 8. VPS 2 - Bases of value, assumptions and special assumptions
- 9. VPS 3 - Valuation approaches and methods
- 10. VPS 4 - Inspections, investigations and records
- 11. VPS 5 - Valuation models (New in the 2024 edition)
- 12. VPS 6 - Valuation reports
- 13. Part 5: Valuation practice guidance applications (VPGAs)
- 14. VPGA 1 - Valuation for inclusion in financial accounts
- 15. VGPA 2 - Valuations for secured lending
- 16. UK National Supplement, 2023
- 17. UK VPS 3 - Regulated purpose valuations (RICS valuations monitoring)
- 18. Valuer Registration Scheme (VRS)
- 19. Statutory Valuations - CPO
