Eres : Digital Library : Works

Paper eres2010_386:
CONNECTION BETWEEN VALUATION STANDARDS AND REAL ESTATE APPRAISAL PROCEDURE (A COUNTRY BASED APPROACH)

id eres2010_386
authors Sahk, Kaarel; Kajak, Maile; Sepp, Kalev
year 2010
title CONNECTION BETWEEN VALUATION STANDARDS AND REAL ESTATE APPRAISAL PROCEDURE (A COUNTRY BASED APPROACH)
source 17th Annual European Real Estate Society Conference in Milan, Italy
summary During the ownership reforms in Estonia as in all the Baltic States a lot of properties as the basic objects of restitution based ownership reform were returned to the former owners. During this procedure a permanently growing of importance of real estate appraisals is followed. The appraisal procedure itself was founded not only on the legal act of ownership reform but also on the valuation standards. In this case the connection of the international valuation standards is noticed perceived already from the middle of the last decade. The situation was essentially changed while in 2005 was started the publishing of the national valuation standards. In the lights of the aims to explain the connection between appraisal practise and the standardized regulation of the applied appraisal procedure was carried out a questionnaire. The survey engaged mostly the certified real estate appraisal professionals and was concentrated to the usage of the valuation standards by them during the last two decades. The survey data was compared with the results of regular auditing process of the real estate appraisers that is carried out rarely than five years of professional practice of each certified appraiser, the suggestions of the Certification and Examination committees were also considered. As a result of the survey were drawn down basic liens of relationship between the standardization procedure and the contemporary professional practice and the proposals for the professional and academically education in area.
keywords Ownership reform, appraisal procedure, standardization, survey, auditing procedure, educational proposals
series ERES:conference
email Kaarel.Sahk@emu.ee
more http://www.eres2010.org/index.asp?page=papers_download
content file.pptx (276,699 bytes)
discussion No discussions. Post discussion ...
ratings
session Case studies & Teaching Real Estate (3)
last changed 2010/08/04 20:47
HOMELOGIN (you are user _anon_475515 from group guest) Powered by SciX Open Publishing Services 1.002