In preparing a valuation report, which document must be included according to API standards?
Correct Answer
B) Valuer's certification and limiting conditions
API standards require that all valuation reports include the valuer's certification and limiting conditions, which outline the scope of work, assumptions made, and limitations of the valuation. This ensures professional accountability and clearly defines the parameters of the valuation.
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In applying the summation approach to value a heritage-listed property in Sydney, which additional factor must be specifically considered?
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