An investigation into the expression of uncertainty in property valuations
Joslin, Alexander
An investigation into the expression of uncertainty in property valuations - 2005 - Journal of Property Investment and Finance 23(3) 269-285(16) .
Reports the findings of a survey of valuers from leading practices throughout the UK. Aims to investigate how the property profession conveys the uncertainty contained in valuations to their clients. Argues that uncertainty must be expressed within the valuation to offer each party a thorough understanding of the circumstances surrounding that particular valuation. Suggests that RICS should develop a standard approach to uncertainty expression in order to offer a reputable service to the general public. Concludes that the concept of uncertainty is poorly understood and rarely conveyed coherently to clients. Includes examples of uncertainty. [Taken from journal abstract.]
An investigation into the expression of uncertainty in property valuations - 2005 - Journal of Property Investment and Finance 23(3) 269-285(16) .
Reports the findings of a survey of valuers from leading practices throughout the UK. Aims to investigate how the property profession conveys the uncertainty contained in valuations to their clients. Argues that uncertainty must be expressed within the valuation to offer each party a thorough understanding of the circumstances surrounding that particular valuation. Suggests that RICS should develop a standard approach to uncertainty expression in order to offer a reputable service to the general public. Concludes that the concept of uncertainty is poorly understood and rarely conveyed coherently to clients. Includes examples of uncertainty. [Taken from journal abstract.]