RICS PS Flashcards

1
Q

PS1

A

Compliance with standards and practice where a written valuation is provided

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2
Q

PS1 exceptions

A

ANSIE

AGENCY
NEGOTIATIONS 
STATUTORY FUNCTION
INTERNAL
EXPERT WITNESS
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3
Q

PS2

A

Ethics, competency, objectivity and disclosures

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4
Q

VPS1

A

Terms of Engagement

Valuer, Client, Users

Asset, Currency, Purpose

Basis, Date, Extent

Information, Assumptions, Format

Restrictions, Conformation, Fees

CHP, RICS, Liability

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5
Q

VPS2

A

Inspections, investigations and records

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6
Q

VPS3

A

Valuation Reports

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7
Q

VPS4

A

Basis of Value, Assumptions and Special Assumptions

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8
Q

VPS5

A

Valuation Approaches and Methods

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