Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Prepare for property appraisal.

1.1

Identify and apply regulatory and legislative requirements of the property appraisal process.

1.2

Confirm and document client requirements and expectations for property appraisal.

1.3

Obtain and document agreement to proceed with property appraisal.

1.4

Confirm and record property ownership, attributes and features relevant to property to be appraised.

2

Research and analyse property market conditions and property attributes.

2.1

Select appraisal methods suitable for the property type and location.

2.2

Inspect property and location.

2.3

Identify and document market conditions and indicators for sale or lease price.

2.4

Collate source documents and information to support property appraisal.

2.5

Analyse information to determine market indicators and expected price range or rental value for property.

2.6

Identify sources of specialist advice to assist appraisal as required.

3

Prepare and present appraisal report.

3.1

Prepare property appraisal report.

3.2

Present property appraisal report to client.

3.3

Obtain and document feedback from client on property appraisal report.

3.4

Maintain documented evidence from appraisal activities to ensure confidentiality of information.

3.5

Analyse feedback from client to inform future presentations.