Task 1 Short Answer Questions
Q1) Consider the various types of properties you might be asked to appraise in your work as a real estate agent. Complete the table below to show two examples of each of the following characteristics you might record:
Characteristic Examples
Construction type
Design/aesthetic features
Building improvements or modifications
Faults/hazards
Q2) Do some research online. Find an example of a property which is in excellent condition and is very well presented. Find an example of a property which is in poor condition and is not well presented. Provide a brief description of each property, explaining the reasons for your judgement about the properties. Include an image for each property. (Victoria)
Q3) Complete this table with four possible factors that might reduce the energy efficiency of a building:
Factor How it might reduce energy efficiency
Q4) Explain the green star rating system and discuss how it relates to price range or rental value for a property.
Q5) Go online. Locate one example of each of the following:
Note: Provide a web link or screen shot of each example. Write a brief description of each one, including their information about the energy efficiency of the system.
A heating system for a residential property
A cooling system for a flat or unit
A ventilation system for an office complex
Q6) List four possible sources of information and documents you could access as part of your preparation for a property appraisal.
Q7) Explain three factors which can contribute to the energy efficiency of a property.
Q8) What are three faults or hazards you might observe during an appraisal of a residential property which is to be leased? Explain how each fault or hazard might affect the potential rental income generated by the property and what advice you might give to the landlord.
