Synopsis
This book is a perfect companion for all valuation professionals to ensure they understand the implications and apply the rules of the "Red Book". First conceived in the mid-1970s, its content is the subject of close management and regular monitoring by panels of experienced valuation practitioners. However, with its growth, new editions, regular supplements and constant updates, understanding the implications and applying the rules of the "Red Book" can be a real challenge. This book has been updated to reflect the 6th edition of the "Red Book" - which publishes November and is effective from January 2008. This book: answers many frequently asked valuation questions; contains key principle extracts directly from the "Red Book" and explains how these are applied; covers qualifications and the valuer's conflicts of interest; addresses terms of engagement with the client; and, provides commentary on "Red Book" rules for specific valuation practice areas.
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About the Author
Andrew Cherry is a member of the Red Book Editorial Board and of the RICS Valuation for Financial Statements Group. As a partner of Healey & Baker he was in charge of the firm's New York office in the early 1980s and has valued properties in many countries outside the UK. Andrew has represented RICS on numerous valuation standards setting bodies.
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