EVGN 11 The Valuer’s Use of Statistical Tools
EVS 6 Automated Valuation Models (AVMs)EVS 6 Automated Valuation Models (AVMs)
On Saturday 28 October in Marseille, the TEGoVA General Assembly, by near-unanimity, approved the European Valuation Standard EVS 6 “Automated Valuation Models (AVMs)” and European Valuation Guidance Note EVGN 11 “The Valuer’s Use of Statistical Tools” and rendered them immediately operational.
They are now an integral part of European Valuation Standards.
European Valuation Standard 6
AVMs cannot be used to produce a valuation report that complies with EVS independently of a valuation process founded, inter alia, on inspection of the property by the valuer and the application of valuation judgment by the valuer.
Where used, an AVM is never more than a tool contributing to the valuer’s estimation of value, for which he remains responsible.
EVGN provides guidance on:
• Preconditions for the use of AVMs
• Limitations on the use of AVMs once the preconditions have been met
• Portfolio valuation
There will be analysis and commentary in the January edition of European Valuer.
Danijela Ilic, FRICS, REV
Member of the TEGoVA Board
Member of the TEGoVA European Valuation Practice and Methodology Board (EVPMB)
New Year break
NAVS office will be on short break from 28.12.2017 till 09.01.2018.
In memory of the deceased – Gordana Musić
Gordana Musić deceased on November 28, 2017.
Gordana Musić was the holder of the TEGoVA REV professional mark REV-RS / NAVS / 2020/11 which she acquired on 01.12.2015.
NEW EUROPEAN VALUATION STANDARD AND GUIDANCE NOTE ON AVMS
EVGN 11 The Valuer’s Use of Statistical Tools
EVS 6 Automated Valuation Models (AVMs)EVS 6 Automated Valuation Models (AVMs)
On Saturday 28 October in Marseille, the TEGoVA General Assembly, by near-unanimity, approved the European Valuation Standard EVS 6 “Automated Valuation Models (AVMs)” and European Valuation Guidance Note EVGN 11 “The Valuer’s Use of Statistical Tools” and rendered them immediately operational.
They are now an integral part of European Valuation Standards.
European Valuation Standard 6
AVMs cannot be used to produce a valuation report that complies with EVS independently of a valuation process founded, inter alia, on inspection of the property by the valuer and the application of valuation judgment by the valuer.
Where used, an AVM is never more than a tool contributing to the valuer’s estimation of value, for which he remains responsible.
EVGN provides guidance on:
• Preconditions for the use of AVMs
• Limitations on the use of AVMs once the preconditions have been met
• Portfolio valuation
There will be analysis and commentary in the January edition of European Valuer.
Danijela Ilic, FRICS, REV
Member of the TEGoVA Board
Member of the TEGoVA European Valuation Practice and Methodology Board (EVPMB)
IVS 2017 Translation to Serbian language
You can purchase this book on office@procenitelji.org.rs
Price for NAVS members is 100 eur.
Continuing education program until 31.12.2017.
CPD 2017 Program
Former IFAC Board Member joins IVSC as Trustee
IVSC is pleased to announce the appointment of Ana Maria Elorrieta to its Board of Trustees.
Ms Elorrieta has over 35 years’ experience in accountancy having been a Partner at PwC in Brazil and was head of Risk and Quality in South America for the firm from 2003 to 2010 and in Brazil from 1997 to 2012. She has also served on the Board of IFAC and the IAASB, acted in different capacities for the Brazil Federal Accounting Council and was Chair of the Brazilian Institute of Independent Accountants.
https://www.ivsc.org/news/article/former-ifac-board-member-joins-ivsc-as-trustee
The International Institute of Business Valuers and International Association of Consultants, Valuators and Analysts Announce a Strategic Alliance
Toronto, CANADA – The International Institute of Business Valuers (iiBV) and International Association of Consultants, Valuators and Analysts (IACVA) announce that IACVA has become a member of iiBV and the iiBV will become a member of IACVA. This is a first step towards the two organizations developing a comprehensive strategic alliance to develop business valuation courses and designations worldwide. iiBV has a program of highly regarded profession business valuation courses that are curated by leading business valuation professionals and offered around the world.
http://iibv.org/iibv-iacva-strategic-alliance/
REVASE: Resources for European Valuation Standards in Europe
the project will provide participants with the knowledge and understanding of the application of European Valuation Standards which will improve their skills and competence.
http://www.tegova.org/en/p59e0a67c9eb7e
Insight of the Data NBS and RGA
Real Estate Valuers Certificate Gaining Procedure