Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value, for real property. Real estate transactions often require appraisals because they occur infrequently and every property is unique, unlike corporate stocks, which are traded daily and are identical. The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
Hedley Byrne & Co Ltd v Heller & Partners Ltd [1964] AC 465 is an English tort law case on economic loss in English tort law resulting from a negligent misstatement. Prior to the decision, the notion that a party may owe another a duty of care for statements made in reliance had been rejected, with the only remedy for such losses being in contract law. The House of Lords overruled the previous position, in recognising liability for pure economic loss not arising from a contractual relationship, introducing the idea of "assumption of responsibility".
An appraiser, is one who determines the fair market value of property, real or personal. In England the business of an appraiser is usually combined with that of an auctioneer, while the word itself has a similar meaning to that of "valuer."
The Valuation Office Agency is a government body in England and Wales. It is an executive agency of Her Majesty's Revenue and Customs.
The Australian Property Institute (API) is a professional industry body representing residential, commercial and plant and machinery valuers, analysts, fund managers and property lawyers.
The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international technical and ethical standards for valuations on which investors and others rely.
Smith v Eric S Bush [1990] UKHL 1 is an English tort law and contract law case, heard by the House of Lords. First, it concerned the existence of a duty of care in tort for negligent misstatements, not made directly to someone relying on the statement. Second, it concerned the reasonableness of a term excluding liability under the Unfair Contract Terms Act 1977, s 2(2) and s 11.
Candler v Crane, Christmas & Co [1951] 2 KB 164 is an English tort law case on negligent misstatement.
South Australia Asset Management Corpn v York Montague Ltd and Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd [1996] UKHL 10 is a joined English contract law case on causation and remoteness of damage. It arose out of the property crash in the early 1990s, whereby banks were suing valuers for overpricing houses in order to recover the lost market value. Owners themselves often had little or no money, since they had fallen victim to negative equity, so mortgage lenders would pursue a valuer instead to recover some losses.
The Russian Society of Appraisers (RSA) is a premier organization of valuation professionals in Russia, embracing about 50% of recognized valuation professionals in the country from across various specialisms and geographical regions. It was the first national professional valuation society to be established in 1993 and the only Valuation Society to attain 'All-Russian Public Organization' status, with branches in the majority of constituent entities of the Russian Federation. It has the status of self-regulated organization (SRO), with current membership reaching over 6,000 individuals. Members of the Russian Society of Appraisers comprise both property and business valuation professionals.
ISO 10668Brand valuation -- Requirements for monetary brand valuation is a specification by the International Organization for Standardization (ISO) for the procedures and methods of measuring the value of a brand. This standard was developed by ISO technical committee ISO/TC 289. ISO 10668 was published for the first time in September 2010.
The Institution of Valuers (IOV) is a national organization of valuation professionals in India specialized in various disciplines and various kinds of assets. It was founded in 1968, and presently has a membership of over 20,000 valuers. The IOV serves recommendations on valuation procedures and related disputes to governmental as well as non governmental organizations, imparts training to valuation professionals, and develops standards in asset valuation.
Tse Kwong Lam v Wong Chit Sen, is a land law case, concerning the rights and obligations of a mortgagee in the exercise of his power of sale under a mortgage.
Silven Properties Ltd v Royal Bank of Scotland[2003] EWCA Civ 1409 is an English land law case, concerning the behaviour of receivers appointed under mortgages. It affirmed the proposition that a lender are not required to incur expenses that would likely delay a sale beyond the normal period of marketing.
e.surv is a chartered surveyor company based in Kettering. It is a provider of residential and real estate valuation and review services.
Conrad Hugo Penny is a South African property broker and property valuer who has worked for Penny Brothers Brokers & Valuers for over forty seven years. He is the founder and chair of Penny Holdings (Pty) Ltd. and the Managing Director of Penny Brothers Brokers & Valuers (Pty) Ltd. He is also an appraiser to the South African Minister of Justice.
Taupo Borough Council v Birnie [1978] 2 NZLR 397 is a cited case in New Zealand regarding liability for loss of profits due to negligence.
Boat Park Ltd v Hutchinson [1999] 2 NZLR 74 is a cited case in New Zealand regarding what evidence is admissible when considering the express terms of a contract. It follows the English case of the Investors Compensation Scheme.
Mills v United Building Soc [1988] 2 NZLR 392 is a cited case in New Zealand regarding what is "misleading or deceptive" conduct under section 9 of the Fair Trading Act [1986].
Sanjay Kirpal is a Fijian politician and Member of the Parliament of Fiji for the FijiFirst Party. He was elected to Parliament in the 2018 election. He has two daughters. Shreya Kirpal & Siya Kirpal. He is a registered Valuer by profession and has a valuation company named Professional Valuations Limited. He has worked for Ministry of Lands and also attained degree in Bachelor of Arts in Land Management and Development.
