Which of the following statements in relation to valuation of a building is FALSE?
V1: Valuation is done either for buying or selling of the property.
V2: By conducting valuation the future value of the property is determined.
V3: Valuation is done for rent fixation or mortgaging.
1
V2 only
2
V1 only
3
V1 and V3
4
V3 only