Question
The Stark Builder corporation wants to sell its building comprising ten floors, and each floor has ten offices. As a real estate appraiser, you have
The Stark Builder corporation wants to sell its building comprising ten floors, and each floor has ten offices. As a real estate appraiser, you have been given a job to confirm the client's instructions and discuss the agency's appraisal process and requirements. Select appropriate appraisal method, analyse market trend, required documents and financial data of the property. Record outcomes of the analysed data and prepare appraisal report highlighting findings and rationale. Submit this appraisal report for the assessment.
Use this template to record details of the process.
Learner Name | |
Real Estate Agency name | |
Date | |
Name of the landlord | |
Name of the Client | |
Nature of real estate business (for example, Land settlement/ purchasing or selling land or property/ leasing land or property ) | |
What other stakeholders will be involved | |
What methodology has been adopted for property appraisal? | |
Were any of the following undertaken? (If so, provide details) | |
What process did you use to clarify client and real estate requirements | |
How did you confirm the accuracy and reliability of property data | |
What research did you undertake for property appraisal | |
Signing agency documents | |
Communication with stakeholders | |
Using networks | |
Record keeping of all the documents | |
Analysis of marketing trends | |
Provide details of the appraisal methodology | |
Conclusion of the property appraisal | |
What recommendations would you make to your organisation to ensure future compliance and ethical operation? | |
Recommendations: |
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