RICS (Royal Institution of Chartered Surveyors) is a professional body that sets the standards for real estate valuation and surveying. The RICS Red Book, formally known as the RICS Property Valuation – Global Standards, provides guidelines and standards for valuing real estate. It is widely recognized as the leading global standard for property valuation and it provides guidance on the principles, procedures, and practice of real estate valuation.
RICS Red Book sets out the standards that RICS members must adhere to when carrying out real estate valuations. It covers a wide range of topics, including the purpose and scope of real estate valuation, ethical and professional conduct, and the process of valuing different types of property. The Red Book is intended to provide a consistent and transparent approach to real estate valuation that is based on sound professional principles and best practice.
RICS members who provide real estate valuation services are known as RICS Registered Valuers, who are bound by the RICS regulations, codes of conduct, and professional guidance as outlined in the RICS Red Book. These professionals are qualified, experienced, and knowledgeable in the field of real estate valuation and have demonstrated their competence through rigorous assessment and ongoing professional development.
RICS registered valuers are able to provide valuations for a wide range of purposes, including property transactions, tax, probate, and matrimonial matters, as well as for financial reporting and accountancy purposes.
EDS Royal Institution of Chartered Surveyors—RICS Real Estate Valuation Experts are highly-specialized international real estate appraisers/valuers specifically trained, accredited, and certified to provide RICS Real Estate Valuation services in the Americas.
EDS holds 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 Appraisal Expert Witness and Appraisal Dispute Resolution Certifications in the world.
The Royal Institution of Chartered Surveyors (RICS), with headquarters in London, England, is the world’s largest accrediting body for professional valuers and promotes and enforces the highest professional qualifications and standards in all disciplines of valuation and in the development and management of land, real estate, construction, infrastructure.
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 provides RICS Real Estate Valuations, valuation reviews, and valuation expert witness services of commercial/industrial/high-value residential real estate throughout the Americas. We have prevailed as RICS real estate valuation expert witnesses in billions-of-dollars at issue in some of the world’s most important—high-profile—and valuable RICS real estate valuation-related litigation and Alternative Dispute Resolution (ADR) in the Americas.
Our RICS real estate valuation experts include internationally accredited ASA/MAI/RICS (Red Book) Valuation Instructors, Valuation Reviewers, and Former Regulators. All are well-published luminaries in the global valuation community.
EDS Managing Director, Steven N. Siegler, ASA, FRICS is the only Royal Institution of Chartered Surveyors RICS accredited valuation expert witness in the United States and all of the Americas and one of only a handful of such RICS valuation expert witnesses in the world holding the much-coveted RICS Expert Witness Accreditation Service (EWAS) and Dispute Resolution Service (DRS) certifications.
Real property is defined as all the interests, benefits, rights, and encumbrances inherent in the ownership of the physical real estate. There are several specialties in real property: urban, residential, rural, timber, and ad valorem (property tax). Real property appraisal reviews include services for use in real estate acquisition and disposition, lending, insurance, estate taxes, property taxes, and eminent domain (condemnation), conservation easements, and leasehold interests.
EDS RICS real estate valuations are independent and objective and render credible findings that will withstand challenges and scrutiny from peer reviews, 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.
Additionally, Mr. Siegler holds international valuation accreditation as a 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.
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 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 and EDS.
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 testimony luminaries. He has served as a valuation expert witness in U.S. state and federal courts, at international tribunals, and in valuation-related Alternative Dispute Resolution, and he has personally prevailed in billions-of-dollars at issue in some of the world’s most important—high-profile—and valuable valuation-related cases.
Engaging the correct RICS valuation expert witness is critical. EDS’ unparalleled level of 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 appraisal reviews should be judged.”
We welcome the opportunity to bring this level of RICS valuation expert witness expertise to you.