RICS Practice Test & Exam Prep | United Kingdom

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A property developer client asks an RICS valuer to increase the valuation of a development site by 15% to help them secure bank funding. The client threatens to take their future business elsewhere if the valuer refuses. What should the valuer do?

Increase the valuation as requested, noting the developer's commercial optimism in the report assumptions Refuse to alter the valuation, stand by the independent professional analysis, and report the pressure internally Agree to a compromise increase of 7.5% to retain the client while limiting the valuation error Withdraw from the instruction immediately without explaining the reasoning to the client

Correct Answer:

Refuse to alter the valuation, stand by the independent professional analysis, and report the pressure internally

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