NEW EUROPEAN VALUATION STANDARD AND GUIDANCE NOTE ON AVMS
IMPORTANT
On 28 October 2017 in Marseille, the TEGoVA General Assembly, by near-unanimity, approved the attached 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 and are to be complied with by all members of TEGoVA’s 71 member associations including all REVs and TRVs.