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)

How to become an ASA Valuer of capital?


Brochure iiBV 101 and 102


Brochure iiBV 103 and 105


Apllication form


We address you with an invitation to sign up to attend the educational program “iiBV – Business Valuation courses” organized by the National Association of Valuers of Serbia in cooperation with iiBV – International Institute for Business Valuation, leading international professional organization for business valuation. Information and Agenda of courses are in teh attachemnt of this e-mail.

Educational courses iiBV 101, 102, 103 and 105 are  recognized by the American Society of Appraisers – ASA and last  for 8 days. Planned dates of the courses are 08th  October – 15th October 2017. Course will be held  in Belgrade, and lecturers will be prominent experts from US / Canada delegated iiBV.  

Successful completion of these courses forms a part of the requirements for obtaining a globally recognized professional designati – ASA BV.