REAL ESTATE APPRAISAL EXPERT WITNESS SERVICES
ASA/RICS/MAI & USPAP/IVS (RED BOOK) APPRAISAL INSTRUCTORS
A real estate appraisal expert witness is a professional appraiser who specializes in providing testimony in legal proceedings regarding the value of real estate properties. This expert witness is typically retained by one of the parties involved in the case, such as a lender, an insurer, a property owner, or a developer, and is expected to provide an unbiased and independent opinion of the value of the property in question.
The expert witness is an experienced appraiser, who is knowledgeable in the field of real estate appraisal, and will be able to explain the methodology and reasoning used to arrive at their valuation. They will be able to provide the court or jury with an understanding of the factors that influence the value of a property, such as location, condition, and market trends. They will also be able to explain the different types of appraisal methods, such as the cost approach, the sales comparison approach, and the income capitalization approach.
The real estate appraisal expert witness will be able to explain the industry standards and regulations that apply to the appraisal, and will be able to refute the testimony of other expert witnesses if the opinion is not supported by the facts and the industry standards. They may also be required to provide an expert opinion on the credibility of the appraiser or the appraisal report.
EDS Real Estate Appraisal Expert Witnesses, having prevailed at trial and Alternative Dispute Resolution in multiple multi-billion dollar matters, are highly-trained—highly-skilled—highly-credentialed multidisciplinary appraisal review instructors with decades of courtroom experience who master the facts and are able to present clear, objective, and compelling findings to judges and juries.
EDS pioneered the appraisal review profession—the cornerstone of Appraisal Expert Witness Testimony—and directed the development, writing, and implementation of the appraisal review Principals of Valuation and best practices that are taught to and in use today by professional valuers, legal experts, and government agencies throughout-the-world.
We hold the only Royal Institution of Chartered Surveyors (RICS) Appraisal Expert Witness Accreditation Service (EWAS) and Appraisal Dispute Resolution Service (DRS) Certifications in the United States and all of the Americas—one of only a handful of such Certifications in the world.
EDS has prevailed in Billions-of-Dollars at issue in some of the world’s most important—high-profile—and valuable valuation litigation cases.
EDS holds the only RICS Expert Witness Accreditation Service and Valuation Dispute Resolution Service Certifications
in the United States and all of the Americas—one of only a handful of such Certifications in the world.
An Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized appraisal luminaries.
EDS specializes in providing Real Estate Appraisal Expert Witness testimony and litigation-support services worldwide.
Our discipline-specific and multidisciplinary Real Estate Appraisal Expert Witness and litigation-support providers are internationally accredited ASA/MAI/RICS valuation instructors—all well-published luminaries in the global valuation community. Our real estate appraisal expert witnesses include Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS) and RICS ‘Red Book’ instructors, Value Adjustment Board (VAB) Magistrates, and former state/federal appraisal regulatory compliance officers.
We conduct in-depth real estate appraisal analyses and provide objective opinions and advice that help resolve complex real estate appraisal and valuation issues. We advise client counsel in the preparation of appraisal-related discovery, Daubert challenges, appraisal/appraiser state and federal regulatory compliance, USPAP, IVS, ‘Red Book,’ and international Basel Accords compliance.
EDS specializes in handling complex multidisciplinary and multi-jurisdictional appraisal matters. For example, a dispute wherein multiple domestic and international locations/jurisdictions and multiple valuation disciplines are at issue, e.g., Real Estate, Business Valuation, and Machinery and Equipment. Unlike others, EDS will assign one of its internationally accredited valuation experts from each valuation discipline at issue possessing the requisite jurisdictional and geographic competency to contribute to the process. This ensures credible findings that will withstand challenges and scrutiny from regulatory, judicial, and taxing authorities.
Our Appraisal Review and Management Systems® Group is headed by Executive Managing Director Steven N. Siegler, ASA, FRICS. Mr. Siegler is an Accredited Senior Appraiser (ASA) and was honored to serve as the founding International Chairman of Appraisal Review and Management (ARM) for the American Society of Appraisers from 2002-2011. Mr. Siegler co-authored and directed the development and implementation of the ASA’ Appraisal Review and Management Principals of Valuations series of courses and best practices that are now taught to professional valuers, government officials, legal experts, and many others throughout the world.
When, as part of Dodd-Frank, the Federal Deposit Insurance Corporation (FDIC) acting for and on behalf of the U.S. Federal Reserve and all inter-agency regulators sought the appraisal expertise to develop, implement and monitor the new National Appraisal Ordering and Appraisal Review Protocols for the United States and all U.S. territories, it came to Mr. Siegler.
Mr. Siegler holds international valuation accreditation as Fellow, Royal Institution of Chartered Surveyors (FRICS), and he is the only RICS accredited expert witness in the United States and all of the Americas—one of only a handful of such expert witnesses in the world holding the much-coveted RICS Expert Witness Accreditation Service (EWAS) Certification.
Mr. Siegler holds TS Clearance with the U.S. Government, and he is uniquely qualified to practice before U.S. Government agencies in national security-related valuation and other special matters.
Steven is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized appraisal expert witness luminaries. He has served as an appraisal expert witness in U.S. state and federal courts, at international tribunals, and Alternative Dispute Resolution. He has personally prevailed in billions-of-dollars at issue in some of the world’s most important—high-profile—and valuable valuation litigation.
Engaging the correct Real Estate Appraisal Expert Witness is critical. EDS’ unparalleled level of appraisal expert witness expertise is recognized and appreciated in boardrooms and courtrooms throughout the world, and U.S. regulators have cited our body of work as “The measure by which all real estate appraisal reviews should be judged.” We would welcome the opportunity to bring this level of appraisal expert witness expertise to you.