The Profession of Real Estate Expert
The Profession of Chartered Real Estate Expert / Valuation Agent and Its Importance in the Real Estate Market
- Definition of the Job
A certified real estate appraiser is a professional specializing in assessing the market (sale) or rental value of a property. They provide accurate and objective appraisals based on economic, technical, legal, and urban planning criteria. Unlike a simple estimate prepared by a real estate agent, a real estate appraisal is an official document recognized by courts, tax authorities, banks, and other institutions.
- Main Missions
The certified real estate expert carries out various missions, including:
✅ Real estate appraisal : houses, apartments, buildings, commercial premises, land, etc.
✅ Expertise in cases of inheritance, divorce or division : Determination of the real value of the property to avoid disputes between heirs or spouses.
✅ Expertise for bank financing : Banks often require an appraisal to grant a property loan.
✅ Determination of rental values : Setting rents in accordance with the market.
✅ Legal expertise and litigation : He may be appointed by a court to arbitrate a dispute.
✅ Expertise in the event of a disaster : Assessment of damage after fire, flood or natural disaster.
✅ Investment advice : Helping investors make decisions based on objective analyses.
- Importance in the Real Estate Market
The certified real estate expert plays a key role in the sector for several reasons:
🔹 Reliability and impartiality : Unlike real estate agents who may have a commercial interest in the sale, the expert is independent and offers an objective estimate.
🔹 Securing transactions : His report provides buyers, sellers and investors with a solid basis for negotiating a fair price.
🔹 Regulation and compliance : It helps to comply with legal and tax obligations.
🔹 Reduction of disputes : In the event of disagreements over the value of a property (inheritance, divorce, expropriation, etc.), an expert appraisal allows for a fair decision.
🔹 Financial assistance : Banks and financial institutions often rely on these assessments to grant a mortgage loan.
- Training and Required Skills
The real estate expert must have solid skills in:
📌 Real estate law : Mastery of current regulations.
📌 Urban planning and construction : Knowledge of technical standards and building enhancement.
📌 Financial and economic analysis : Ability to evaluate a property according to its economic potential and market trends.
📌 Expertise in building pathologies : Identify defects or hidden defects that could affect the value of a property.
Generally, he has training in real estate, law or engineering and follows specific training in real estate expertise to obtain approval from recognized organizations (CNED, IFEI, CNEI, TEGoVA, etc.).
Conclusion
The certified real estate appraiser is an essential player in the real estate market. Their independence, expertise, and impartiality ensure accurate and secure valuations, thus protecting the interests of individuals, businesses, and institutions.