18 Questions
What must Valuers develop from the market to support the value conclusion?
Data and reasoning
In challenging market conditions, what helps Valuers ensure the relevance of reported asset values?
Market Value concept
What guides the estimation and reporting of property and asset values?
International Valuation Standards
What do valuation approaches aim to define and quantify for a property?
Utility concept
When reporting valuations, what should be clearly stated regarding the valuation purpose?
Purpose and intended use
What should Valuers disclose in the valuation report if differences arise due to specific requirements?
Differences in valuation due to requirements
What shapes valuation standards according to the text?
Global consensus
What is the objective of the IVSC?
To acknowledge and promote fundamental valuation principles
Which concept is considered essential to our lives and existence according to the text?
Land
What does 'Valuation of Land as if Vacant' refer to?
Valuing land without considering its use or improvements
Who strives to acknowledge and uphold shared fundamental principles of valuation globally?
IVSC
What core methods and techniques remain largely consistent across borders in valuation?
Methods and techniques
What is the primary criterion in property valuation?
Property's utility
What is the fundamental concept guiding Valuers in assessing property values?
Highest and best use
How is utility of a property measured in property valuation?
Based on its productive capacity
What is a significant challenge faced by Valuers when valuing specialized properties?
Limited market information
Why is special value considered separately from Market Value in valuation assessments?
To provide transparency in valuation
What is an integral concept that guides Valuers in accurately assessing property values?
'Highest and best use'
Explore the challenges faced by valuers when market conditions are disrupted or imbalanced. Learn how to develop data and reasoning from the market to support or explain value conclusions using various valuation methods.
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