MMP712 EXAM PAPER 2021 Trimester 1 PDF

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Rating & Statutory Valuation exam paper questions....

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DEAKIN UNIVERSITY Faculty of Business and Law MMP712 – Rating and Statutory Valuation Examination Trimester 1, 2021 Special instructions for Candidates:  This examination is OPEN BOOK.  Calculators are ALLOWED.  Allocated time is 24hrs HOURS.  The exam will take you approximately 2 hours of working time, although you have 24 hours to complete and submit it.  You must upload your responses to the Exam Submission DropBox on the CloudDeakin site.  Late submissions will not be marked.  This examination comprises 3 questions. You are required to answer ALL questions in essay answer format.  This examination constitutes 50% of your assessment in this unit.  Save on your computer using the file name: student id, unit code and the unit name, for example: 123456789 MMM712_Rating and Statutory Valuation.  Remember to save your work regularly.  If you encounter any technical issues with CloudDeakin, please contact the IT Service Desk online or via phone (1800 463 888; +61 5227 8888 if calling from outside Australia) and record your ticket number as evidence of technical issues during the examination period. All candidates MUST complete this section Type your student ID number here: 219570482

MMP712 – Rating and Statutory Valuation Trimester One 2021 Examination

All questions MUST be answered. Word Count: 2,000 words maximum. Question 1 In the field of rating and statutory valuation, an expert witness has an important role in court proceedings. Describe what type of person may be an expert witness and detail what their role/duties are in a compulsory acquisition case. Use relevant case law to help explain your answer. Provide a guide explaining how an expert witness should conduct themselves in the courtroom and include details on what information should be included in their expert report for court purposes. [15 marks]

Question 2 Explain the reasons why a property valuer could have legal action taken against them for being negligent. Provide examples to these reasons using relevant case law. What relevance, if any, does the API’s Code of Ethics apply to members? [15 marks]

Question 3 (This question has two parts, Part a) and b)) In the State of Victoria, an authority must comply with relevant legislation if they want to compulsory acquire land from a property owner, and in doing so the authority must follow the Land Acquisition and Compensation process. Part a) What legislative timeframe and sequence of events occurs during this process? Part b) Describe the Pointe Gourde principle and use an example to explain how it is applicable in assessing the compensation payable under the Land Acquisition and Compensation Act 1986 for the partial acquisition of a property. [10 + 10 = 20 marks]

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MMP712 – Rating and Statutory Valuation Trimester One 2021 Examination

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