1
Q
What was the existing service agreement in place?
A
2
Q
Why did you carry out a conflict of interest check if there was an existing service agreement?
A
3
Q
What were the mr and mv comparables you deemed to be the most significant?
A
MR- 145 Northcote Road (June 25, £70,000 £135 ITZA)
MV - 199 New Kings Road (June 25, £530,000 5.86%)
4
Q
What is the length of time you can value the same property (Length of service agreement).
Why is this done?
A
5 years- valuer,
10 years- firm
3 years cool off period
Reduce conflict of interest, public confidence, maintain independence - reduce familiarity threat
5
Q
A
