Elements and Performance Criteria
- Prepare for property appraisal.
- Confirm and document client requirements and expectations for property appraisal.
- Obtain and document agreement to proceed with property appraisal.
- Confirm and record property ownership, attributes and features relevant to property to be appraised.
- Research and analyse property market conditions and property attributes.
- Inspect property and location.
- Identify and document market conditions and indicators for sale or lease price.
- Collate source documents and information to support property appraisal.
- Analyse information to determine market indicators and expected price range or rental value for property.
- Identify sources of specialist advice to assist appraisal as required.
- Prepare and present appraisal report.
- Present property appraisal report to client.
- Obtain and document feedback from client on property appraisal report.
- Maintain documented evidence from appraisal activities to ensure confidentiality of information.
- Analyse feedback from client to inform future presentations.