Valuation (2) Flashcards
1
Q
What is the RICS standard for Valuation?
A
Red Book (Global standards)
UK national supplement
2
Q
What are the 5 valuation methods
A
comparable method
investment method
profits methods
depreciated replacement cost method
residual method
3
Q
What are the 3 valuation approaches?
A
1.market approach
2. income approach
3.cost approach
4
Q
What methods belong under market approach?
A
comparable transaction method
guideline publicly-traded comparable method
5
Q
What methods belong under Income approach?
A
6
Q
What methods belong under Cost approach?
A
Replacement cost method (depreciated replacement cost)
Reproduction cost method
Summation method
7
Q
when would you do Red book valuation
A
for tax purposes
for legal proceedings
8
Q
A
