You (the learner) appraise a property.

Ms Jones intends to give her guest house for lease for four years. The house is comprised of 08 rooms with a living room and a big backyard. You, as a real estate appraiser, 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: