Real Estate Appraisal

Real estate appraisal is the independent and impartial evaluation of the value of real estate belonging to legal entities or individuals or public institutions and organizations by an appraiser within the framework of the current legislation rules, by selecting the most appropriate appraisal method for the real estate, and preparing the appraisal report on a specific date.

Real estate appraisal guides individuals and institutions in the need to determine the correct value for sales and rental transactions, legal transactions, tenders, independent auditing and financial reporting processes of companies, company mergers and purchases, investment decisions and many other needs.

Real Estate Appraisal, RICS, REV, MAI

Real Estate Appraiser

Real Estate Appraisers are individuals who evaluate a real estate, a real estate project or the rights and benefits attached to a real estate. Valuers are authorized by different institutions in each country and can also obtain different licenses with international validity. The most important of these are MRICS/FRICS (Member/Fellow of Royal Institution of Chartered Surveyors), REV (Recognised European Valuer-TEGOVA) and MAI (Member of Appraisal Institute).

RICS

Royal Institution of Chartered Surveyors (RICS) is a leading professional body working in the public interest to advance knowledge, uphold standards, and inspire current and future professionals. With a heritage of over 150 years, RICS sets the standard for over 130,000 members and candidates operating in the development and management of land, real estate, construction and infrastructure across more than 140 countries globally.

TEGOVA

A pan-European association of professional bodies working for standards, ethics and quality in the real estate valuation market. Drafting and promoting European Valuation Standards (EVS) for adoption across Europe, and recommending a standard approach to valuation methodologies. TEGOVA represents the interests of qualified valuers of 76 professional bodies from 40 countries.

Appraisal Institute

The Appraisal Institute is the leading professional association of real estate appraisers. The Appraisal Institute was established in 1991, when the American Institute of Real Estate Appraisers (AIREA) and the Society of Real Estate Appraisers unified. AI community includes real estate appraisers and property analysts who provide valuation related services to mortgage lenders, financial institutions, government agencies, attorneys, financial planners and others.