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Questions and Answers
What are the four categories into which utility is divided?
How is property utility determined according to the text?
What factors influence land value assessment according to the text?
How does special value differ from Market Value as explained in the text?
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What concept refers to the projected property worth in an arm's length sale?
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Why is valuing a property as an individual entity important according to the text?
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What is the purpose of Fair Value, as defined by IFRS?
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Why might specialized property valuation present challenges?
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What external factors can disturb market conditions according to the text?
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What must valuers adhere to in terms of standards while conducting valuations?
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What is the objective of a valuation report according to the text?
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Which concept are market-based valuations based on?
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