Valuation

Question 1

Tell me why terms of engagement are important.

Question 2

What checks do you undertake before accepting a valuation instruction?

Question 3

How do you ensure you know who your client is when undertaking a
valuation instruction?

Question 4

Are there any additional requirements when undertaking a valuation in
which the public has an interest or third parties may rely?

Question 5

Are there any additional requirements for loan security valuations?

Question 6

Talk me through an example of when you have agreed terms of
engagement with a client.

Question 7

What are the key elements included within terms of engagement?

Question 8

What does the Red Book say about terms of engagement?

Question 9

What does the Red Book say about inspections?

Question 10

What does the Red Book say about reporting requirements?

Question 11

What are the differences between a desktop and a full valuation report?

Question 12

Tell me about how you ensure that information relied upon in your
valuation is appropriate and reliable?

Question 13

Holliday Street - Run me through your residual valuation and your
inputs you used.

Question 14

Holliday Street - How did you determine these inputs?

Question 15

Holliday Street - What finance costs did you input and why?

Question 16

Holliday Street - How do you find good land comparables?

Question 17

Holliday Street - What makes a good comparable?

Question 18

Jewellery Quarter - How do you rank comparable evidence?

Question 19

Jewellery Quarter - What premium would you apply for a new build compared to second
hand stock?

Question 20

Jewellery Quarter - How much of a premium would you feel a balcony carries?