President of NAVS will deliver a presentation on new EVS 6 and EVGN 11 in Warsaw
Danijela Ilic, FRICS, REV president of NAVS and member of the TEGoVA Board will deliver a presentation on new EVS 6 and EVGN 11, at the conference “European Valuation Standards with a focus on statistical methods of property valuation” which will take place in Warsaw on 27th February 2018. Danijela Ilic is the leading author of EVGN 11 .
Full text of EVS 6 and EVGN 11 in English you can find at www.tegova.org, and translation on Serbian language can be required at the NAVS Secretariat at office@procenitelji.org.rs
REV Interview
REV Interview will be held at Saturday 10.02.2018.
Please send application to office@procenitelji.org.rs
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.
