VALUER'S ROLE FUNCTION AND RESPONSIBILITIES

FREE COMPLETE STUDY MATERIAL NOTES FOR IBBI EXAMINATION

E-BOOK

ONLINE BATCH STUDY MATERIAL-50 HRS EDUCATIONAL COURSE UNDER RULE 5(1) READ WITH RULE 12(2)(a) FOR REGISTRATION AS VALUERS UNDER THE BANNER OF CEV IAF RVO

UNIT-2

CHAPTER-2

VALUER’S ROLE, FUNCTION, AND RESPONSIBILITIES

Role of a Valuer

Valuer acts as an Advisor

Ø He Gives opinions to his client

Helps to find Fair Market Value and Interest
To take financial decision
Advice on change in possible rental and capital value
For investment suggestions on a policy matters, sinking fund
Land acquisition case – Date of valuation / Date of notification
Estate management
Maximum income and capital value
Securing good maintenance
Increase or decrease in capital value
To check the reasonableness of present rent and
Provisions for reserve for future
Must deliver own independent honest and conscious

Function of Valuers

Site Inspection

Take pictures of the exterior and interior of a property for later review and to include in their report.
Measure the exterior and interior of the property.
Look around the exterior of the property and take notes of any potential damages or structural issues like a damaged roof, broken window, chipping paint or termite damage.
Look around the exterior of the property and take notes on any significant improvements that could increase the value of the property like a new roof, fresh paint, well-kept lawn or add-ons to the existing structure.
Survey the interior of the property to identify the number of rooms, bathrooms and amenities like updated kitchen appliances, fireplace, modern light fixtures and wood floors.

• Survey the interior of the property to identify potential structural issues or damages like chipping paint, slanted floors or ceilings, holes in the floor or wall, outdated or stained flooring, lack of natural light or signs of ……………………….READ MORE