Estonian Association of Appraisers: 20 years of experience andchallenges for the next decade
||Sahk, Kaarel; Andres Teder
||Estonian Association of Appraisers: 20 years of experience andchallenges for the next decade
||23rd Annual European Real Estate Society Conference in Regensburg, Germany
||The Estonian Association of Appraisers (EAA) was established as a non-profitorganisation on 5 May 1995. This more than two decades existence gave a goodfoundation for analyze of real estate appraisal situation in the one of newly independentstate. The time scale of procedure itself is possible to divide into deferent segments thatare describing the political or economic development of state. Analyze includes the roleof EAA and its position on different markets and submarkets linked with real estate. Itis important to underline that EAA’s and professional appraiser’s activities are stronglyconnected with development of valuation standards from the first edition of IVS in 1994on the one hand. On the other hand, the system of authorization of real estate appraisersand based on it Professions Act blueprint linked with the EU requirements, are the mostimportant markers for describing the situation. Last but not least, the contemporarydrivers are the valuation companies based implementation of ISO 9001 principlestogether with the third party insurance and as well the EU directives or decreesaccording the housing loan policy. The lastly named serve as basic challenge attributesfor the next decade.
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||Real Estate Valuation & Appraisal
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