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 property appraisalFactor How helps determine price range local market factors return on property investment leasing or sales ma rket conditions supplyr and demand future development economic, political and social factors Sources of information Ma rket conditions Land and environ mental protection plans Local and state regulations property portals Attribute Effect on property appraisal Building construction Aesthetic and design features Faults and hazards Property condition and presentation Heating, cooling and ye ntilation systems Building improvements and modications Energy efficiency and building sustainability ratings Compliance with regulatory requirements