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Valuer
Valuers assess land, property and other items such as
commercial equipment and objects of art; and provide advice on
the administration and commercial use of land and property.
Valuers may perform the following tasks:
- examine items and select methods of evaluation
- calculate values by considering market demand, condition
of items, future trends and other factors (e.g. location,
size, zoning legislation and the availability of services
such as transport and parking, in the case of real estate)
- submit written assessments of value
- provide consultancy advice on valuation matters
- give evidence in legal proceedings and mediate on
valuation matters
- provide rental valuations for arbitration purposes.
Valuations are made for many different purposes, such as
rating and taxing, finance, financial reporting, investment,
insurance, rental, sale and purchase. A significant proportion
of a valuer's time is also spent writing reports. A valuer's
competence is largely judged on the quality and thoroughness
of a report.
Valuers may specialise as a
Real Estate Valuer who may specialise in the
valuation of city, suburban or country real estate and in
particular areas such as commercial, industrial, residential,
rural, financial reporting, hotel and business properties, or
plant and machinery. They may perform the following specific
tasks:
- consult with solicitors, surveyors, town planners,
architects, accountants, property developers, owners and
financiers
- analyse property investment returns
- act as expert witnesses to argue on behalf of people
whose property has been repossessed
- work out appropriate rentals
- provide market valuation reports.
Valuers have a lot of contact with the public and may be
required to spend much time travelling.
Required Skills - Valuer
- must be of good character and reputation
- good communication skills
- reasonable ability in maths
- sound judgment and good analytical skills
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