Ethics L2

Question 1

Names 5 things included in ToE

Answer 1

1) Fee
2) Scope of Service
3) Property Address
4) Purpose of Valuation
5) Basis of Value (eg MV, MR)

Question 2

Which VPS is ToE? What does VPS mean?

Answer 2

Valuation Practice Statements
VPS1
Of the Red Book 2024