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* 1. What is the full title of the Red Book?

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* 2. What does the Red Book provide valuers with?

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* 4. When was the global Red Book last updated?

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* 5. What are the 5 methods of valuation?

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* 6. What is a key change brought about by the updated Red Book?

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* 7. What does IVS stand for?

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* 8. What type of valuations fall under the scope of the Red Book?

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* 9. Which sections of the Red Book are mandatory?

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* 10. What does PS1 relate to?

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* 11. What does PS2 relate to?

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* 12. Which section of the Red Book relates to valuation reports?

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* 13. Which section of the Red Book relates to terms of engagement?

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* 14. How would you find out about the bases of value?

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* 15. Which VPGA relates to secured lending?

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* 16. What is an assumption?

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* 17. What is an internal valuer?

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* 18. What is the definition of fair value?

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* 19. What is the definition of worth?

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* 20. What is the definition of Market Rent?

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* 21. What is the definition of Market Value?

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* 22. What is a special assumption?

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* 23. When may a valuation be excepted from VPS 1-5?

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* 25. When was the UK Red Book last updated?

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