Valuation - Level 2 - Application Specific Flashcards
Tell me why terms of engagement are important.
TBC
What checks do you undertake before accepting a valuation instruction?
TBC
How do you ensure you know who your client is when undertaking a valuation instruction?
TBC
Are there any additional requirements when undertaking a valuation in which the public has an interest or third parties may rely?
TBC
Are there any additional requirements for loan security valuations?
TBC
Talk me through an example of when you have agreed terms of engagement with a client.
TBC
What are the key elements included within terms of engagement?
TBC
What does the Red Book say about terms of engagement?
TBC
What does the Red Book say about inspections?
TBC
What does the Red Book say about reporting requirements?
TBC
What are the differences between a desktop and a full valuation report?
TBC
Tell me about how you ensure that information relied upon in your valuation is appropriate and reliable?
TBC
Sydenham Place, why did the client request a retrospective valuation for February 2009?
TBC
What are the potential issues with using comparable evidence that is currently on the market?
TBC
Talk me through how you reached your projected market value.
Why did you provide a projected market value?
Why did you confirm that the offer was the best price likely to be achieved?
TBC
