What Is a Real Estate Appraiser?

Some people regard real estate as an investment, and they are increasing in value. Some people have suffered heavy losses because of a wrong decision. They have asked a real estate appraiser as an investment consultant to estimate the value of the real estate. So the real estate appraiser slowly entered our life. Real estate, as the largest commodity paid by residents, has a large amount of value and is worthy of being valued. It can also afford the corresponding valuation costs, and real estate appraisers are more effective.

Real estate appraiser

Some people regard real estate as an investment, and they are increasing in value. Some people have suffered heavy losses because of a wrong decision. They have asked a real estate appraiser as an investment consultant to estimate the value of the real estate. So the real estate appraiser slowly entered our life. Real estate, as the largest commodity paid by residents, has a large amount of value, it is worth asking for valuation, and it can also afford the corresponding valuation costs.

In the eyes of ordinary people, the price of real estate only depends on factors such as location, apartment design, house age, house quality, developer strength and reputation. In the eyes of real estate appraisers, urban location, surrounding traffic, convenience facilities, market development trends, and government-related policy adjustments are also conditions that must be considered in the process of real estate valuation. At the same time, the real estate market is constantly changing, so real estate prices are also highly temporal. This requires real estate appraisers not only to learn scientific valuation methods, but also to accumulate rich industry experience and unique development perspectives in order to make the most effective value evaluation of real estate.

According to the request made by the client, the purpose of the valuation, the status of the material entity and the rights and interests of the target of the valuation, and the timing of the valuation shall be clarified and agreed with the client;

Analyze the valuation project and draw up a valuation operation plan;

Go to the site of the valuation object to collect the information needed for the valuation, and verify, analyze, and organize;

Examine characteristics and consider factors such as market price, location and building or replacement cost to determine evaluation value;

Determine valuation results and write valuation reports;

Explain the determined value to the owner;

Evaluation and tax notices;

Organize, archive and properly keep all the information about the valuation project.

Citizens of the People's Republic of China, who abide by the law and meet one of the following conditions, can apply to take the qualification examination for real estate appraisers:

(1) Obtaining a secondary professional education in real estate valuation related disciplines (including economics, construction, planning, and management, etc., the same below), with more than 8 years of relevant professional work experience, including 5 years of real estate valuation practice.

(2) A college degree in real estate valuation related disciplines, with more than 6 years of relevant professional work experience, including 4 years of real estate valuation practice.

(3) A bachelor's degree in real estate appraisal, with more than 4 years of relevant professional work experience, including 3 years of real estate appraisal practice.

(4) Having obtained a master's degree or a second degree in a subject related to real estate valuation, graduated from a graduate class, and engaged in real estate valuation practice for two years.

(5) Having obtained a doctorate degree in a subject related to real estate valuation.

(6) Those who do not possess the above-mentioned qualifications, but have passed the primary qualifications for economics or assistant-level qualifications in auditing, accounting, and statistics organized by the State and obtained the corresponding qualifications, and have more than 10 years of relevant professional work experience, including real estate valuation practice 6 years, especially outstanding results.

The requirements for academic qualifications or degrees in the above application conditions refer to formal academic qualifications or degrees recognized by the State Educational Administration. The number of years of working in real estate valuation practice refers to the sum of time spent in such work before and after obtaining the required academic qualifications. The calculation deadline is the end of the previous year.

According to the former Ministry of Personnel's "Notice on Relevant Issues Concerning the Qualification Examination of Professional and Technical Personnel Held by the Residents of Hong Kong and Macao in the Mainland" (Guo Ren Fa Fa [2005] No. 9) and the former Ministry of Personnel and the Taiwan Affairs Office of the State Council Notice of Residents Opening Issues Relating to Qualification Examination of Certain Professional and Technical Personnel (Guo Ren Min Fa [2007] No. 78), Notice of Relevant Issues on Registration Conditions for Taiwan Residents to Participate in the National Real Estate Appraiser Qualification Examination (issued by the Guoren Department [2007] 116 No.) Relevant requirements. Residents of Hong Kong, Macau and Taiwan who meet the registration requirements to participate in the real estate appraiser qualification examination must submit a resident identity certificate, a corresponding professional education or degree certificate recognized by the national education administrative department and years of relevant work experience. Proof and other materials. Among them, professional qualifications in real estate valuation, real estate management, land management, construction, urban planning (or regional and urban planning), and real estate management and development disciplines in Taiwan universities can be regarded as professional qualifications in related disciplines in the application conditions. Taiwan residents must also submit the "Taiwan Resident Pass to and from the Mainland" when registering.

The Ministry of Human Resources and Social Security issued the certificate of skill level operation, and the international HKTCC registered professional certificate

The monthly salary of real estate appraisers is generally 3,000 to 8,500 yuan, the national average monthly salary is 5,400 yuan, the average monthly salary of Shanghai is 7,300 yuan, and the average monthly salary of Tianjin is 4,700 yuan. According to the differences in the location of real estate appraisal agencies and the size and strength of appraisal agencies, the salary of appraisers varies widely.

Today, real estate has become a diversified commodity, and its transactions are increasingly frequent. Changing places and moving homes will become commonplace in life. In the exchange process, who will pay you for your existing home, this will inevitably involve the issue of valuation. The emergence of real estate appraisers is also natural. In China, real estate appraisers are a type of talents with high demand and very critical, and they have a promising future.

Real Estate Appraiser-Senior / Senior Real Estate Appraiser-Real Estate Investment / Research Manager ^[1]

I. The evaluation result is "non-market value"

Investment value is for specific investors, and market value is for typical or most investors. Therefore, the investment value may be higher than, equal to, or lower than the market value.

Evaluation criteria are based on "specific objects"

Specific objects include the dual meanings of specific investors (two or more parties) and specific real estate projects. The evaluation of real estate investment value is generally based on specific objects, which is the fundamental reason why the value of real estate investment differs from the market value.

Third, the assessment emphasizes the principle of rationality

In addition to the general principles of real estate valuation, real estate investment value evaluation should also emphasize the rationality principle. That is, the appraiser needs to stand on the perspective of all parties to the investment behavior, consider the objective and reasonable value in a comprehensive and balanced manner, and evaluate the acceptability of all parties in the evaluation results. Some valuation behaviors need to go beyond the narrow scope of legality principles.

Fourth, the evaluation method breaks through traditional valuation

There is a big difference in the choice of method between the evaluation of real estate investment value and traditional market value. The selection of traditional market value assessment methods is generally based on consideration of valuation objects and valuation purposes. In addition to considering valuation objects and valuation purposes, real estate investment value assessments should also pay attention to the specific characteristics of investment behavior and potential investment behaviors. In addition to the assumptions and benefits In addition to traditional methods such as reduction, economic evaluation methods such as discounted cash flow should also be considered.

Fifth, the assessment needs more plans

Due to the different investment methods, the evaluation results of real estate investment often need to compare multiple plans, analyze the risks and value benefits of each plan implementation, and provide the client with multiple value indicators or interval indicators. One of the important manifestations of traditional forensic assessment.