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Val Day 1-Quiz Flashcards | StudBud
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Val Day 1-Quiz
Val Day 1-Quiz
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Flashcards
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Practice quiz
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Questions
10
Answers
1
The trade body that represents UK lenders is...
UKF
BBA
CML
HBF
2
Which of the following is NOT a conflict?
Previously valued
Valued in possession. Valuation for purchaser
Property owned by a friend
Property your firm is selling
3
What is the new RICS measurement standard?
IPMS
CoMP
IVS
ICMS
4
An increase in demand with a fixed supply results in...
Price drops
Price rises
Reduced demand
Static prices
5
When don't you need terms of engagement?
Urgent valuation
Oral terms agreed
Lender val. Contract in place
Regular client
6
What is the biggest single value influencing factor?
Condition
Location
Rebuild cost
Improvements
7
In what year was the last property crash?
2011
2009
2006
2007
8
What RICS Standard document covers valuation?
Purple Book
Blue Book
Black Book
Red Book
9
UKF stands for...
UK Fiscal
UK Finance
UK Funding
United Kindly Financiers
10
Which of these is an intangible value element?
Size
Number of bedrooms
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