How To Open An Appraisal Company

Table of contents:

How To Open An Appraisal Company
How To Open An Appraisal Company

Video: How To Open An Appraisal Company

Video: How To Open An Appraisal Company
Video: How to become a real estate appraiser 2024, December
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The profession of an appraiser is quite new, it appeared in our country in the 90s, when market relations began to develop. Currently, appraisal companies are actively gaining momentum and are quite a profitable line of business.

How to open an appraisal company
How to open an appraisal company

Instructions

Step 1

In order to open an appraisal company, you must first become a specialist in this matter yourself. Among the professional requirements for an appraiser is the presence of a higher education, better than an economic one. In addition, you need to get additional professional education in the direction of "Business Valuation". In the future, to work as an appraiser, you will have to improve your qualifications every three years. There are also requirements for the biography of the appraiser. This is the absence of an unexpunged or outstanding conviction for an economic crime, as well as for any crime of average gravity or especially grave crime.

Step 2

Please note that currently, an individual working in an appraisal company under a contract or as an individual entrepreneur can be involved in the assessment. Currently, it is not necessary to obtain a license for the right to engage in appraisal activities. However, the responsibility for the quality of the assessment has increased. If earlier the appraisal company was deprived of a license for one year for a low-quality appraisal, now the appraiser who performed the work with violations will not be able to work in this area.

Step 3

But remember that all evaluators must be affiliated with one of the Self-Regulatory Organizations (SROs). To join it, you must meet the requirements of the law. In addition to having education, the activities of each appraiser must be insured for at least 300 thousand rubles. The higher the amount of insurance coverage, the better. When joining an SRO, you must pay an entrance fee and a contribution to the compensation fund (at least 30 thousand rubles). It is created in order to compensate the consumer for damage caused by a low-quality assessment.

Step 4

When opening an appraisal company, please note that its staff must include at least two appraisers. Currently, it is the customers who set the requirements for the appraisal companies. For example, banks work only with appraisers accredited by them, which means that you will have to adapt to them. In large cities, the staff of the appraisal company must consist of at least five people, these are the requirements of the customers. Please note that preference is given to those appraisal companies that, in addition to the liability of their employees, also insured their liability of a legal entity, which, according to the law, can not be done.

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