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Determine the purpose of valuation

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Reference no: EM133125218

a) Before undertaking any valuation a valuer must determine the purpose of valuation. Discuss four reasons why valuation of a residential property is needed and what methods are available to a valuer to determine its market value.

b) Describe the International Valuation Standard Code of Conduct, Standard and Ethics set for valuers. Discuss why these are important for the valuation profession?

Reference no: EM133125218

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