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Elements and Performance Criteria

1. Seek instructions.
   • Confirm purpose of appraisal and client instructions according to legislation in the state or territory of operation.
   • Discuss agency requirements and appraisal processes with client.
   • Confirm commercial property usage, lease arrangements and land use controls.
   • Obtain agreement to proceed with appraisal according to legislation in state or territory of operation.
2. Conduct research to support appraisal of commercial property.
   • Select appraisal methodology suitable to property type and based on available information.
   • Analyse required documents, reports and financial data for property.
   • Analyse current market data and trends that may affect lease or sale of property.
   • Verify accuracy and reliability of collated data.
3. Complete appraisal report.
   • Analyse research findings to ascertain final appraisal, and record outcome according to agency requirements and client instructions.
   • Prepare appraisal report in an acceptable format, highlighting findings and rationale.
   • Present report to client.
   • Retain records and documentation securely, according to agency requirements.
   • Confirm purpose of appraisal and client instructions according to legislation in the state or territory of operation.
   • Discuss agency requirements and appraisal processes with client.
   • Confirm commercial property usage, lease arrangements and land use controls.
   • Obtain agreement to proceed with appraisal according to legislation in state or territory of operation.