1) Identify the risks associated with property appraisal and discuss the strategies that you can implement to manage these risks.

Risk associated with _ Strategies to manage the risk I: ropert-lr app ralsal Agent doesn't have knowledge of the area Client's expectation are too high Agent's price estimates are too high There are n't eno ugh com parable properties in the region, or none at all. To get the listing, an agent inates the price. The agent lacks the necessary qualications and experience to provide property appraisals. \fIf there is restrictions on the sale of a product may be no one knows its whereabouts or in a way it is illegal the price range will be 1irery low. _ If there are many restrictions about renting example you Leaslng or sales need a tight security to reside on a particular place then the market conditions rental value will be low. Isaac please clarify these points as I am not sure what you are trying to say here? Are you trying to say that if someone is conducting illegal activities in the home it would likely sell for |ess?|