UNI 11558:2014: THE IMPORTANCE OF THE SKILLS OF THE REAL ESTATE EVALUATOR.
The concept of certified competence should be understood as a new paradigm, valid both for the guarantee and for the evaluation of each individual professional.
The world of valuations needs reliable, credible, fair and conscientious valuers. In a word, reliable.
The certified Real Estate Appraiser will increasingly have to deal with the evolution of technologies, and leverage their skills, abilities and skills to enhance their profession and respond to the needs of a rapidly evolving market.
The skills required of the professional for the purposes of accredited certification are the understanding of the cash flow capacity relating to the management of real estate assets and the specific knowledge of legislation on construction, urban planning and the environment.
In fact, the real estate valuation activity must be based on the technical characteristics of the property (construction, use and maintenance) and at the same time on the economic aspects that qualify it as a source of income.
Based on the experience gained in the field, certification can be requested for two professional levels:
– Basic level certification recognizes the professional competence to carry out Property Appraisals involving valuation methods for which it is possible to calculate the value by means of market comparison (excluding the criteria applicable to mass appraisals), direct capitalization or the criterion of the cost.
– Advanced level real estate appraiser. Certification at this level recognizes the professional competence to carry out Property Valuations that involve valuation methods for which it is possible to calculate the value by means of market comparison (excluding the criteria applicable to mass valuations), direct capitalization or the criterion of the cost. Linked to the following sectors of expertise: Residential Sector Commercial Sector The specific sub-sector of activity is applicable for each sector, i.e. expert Real Estate Appraiser for the “Guarantee”. (Pursuant to UNI 11558:2014).
At least 10 years of professional experience or teaching activity in the estimating discipline are required.
Registration in a register, order or role that allows the activity to be carried out is mandatory. The UNI 11558:2014 also provides, to demonstrate the competence, the possession of the certification.
Ricec issues a certificate of skills for Real Estate Appraisers, as an independent third-party attestation, able to give evidence to all stakeholders of the skills possessed by the certified person.
Ricec, the value of skills.