RICS Red Book Valuation Services

RICS RED BOOK VALUATION SERVICES U.S./Bahamas /Caribbean/The Americas — International Valuation Standards

The RICS Red Book is a set of guidelines and standards for valuing property. It is published by the Royal Institution of Chartered Surveyors (RICS) and is widely recognized as the leading global standard for property valuation. The Red Book provides guidance on the principles, procedures, and practice of property valuation for all types of property, including residential, commercial, industrial, and rural properties.

The Red Book is intended to provide a consistent and transparent approach to property valuation that is based on sound professional principles and best practices. It covers a wide range of topics, including the purpose and scope of property valuation, ethical and professional conduct, and the process of valuing different types of property.

The Red Book sets out the standards that RICS members must adhere to when carrying out property valuations. It also provides guidance to other professionals, such as lenders, investors, and property developers, on the principles and practices of property valuation.

The Red Book is updated regularly to reflect changes in the market and to ensure that it remains relevant and up-to-date. It is widely used by professional valuers, surveyors, and other property professionals around the world as a benchmark for best practices in property valuation.

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 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 Appraiser Expert Witness and Appraisal Dispute Resolution Certifications in the world.

Super Appraisers

EDS holds the only RICS Expert Witness Accreditation Service (EWAS) and Dispute Resolution Service (DRS) Certifications
in the Western Hemisphere—one of only a handful of such Certifications in the world.

EDS is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized appraisal luminaries.

EDS has prevailed in billions-of-dollars at issue in some of the world’s most complex— important—high-profile—and valuablevaluation litigation.

EDS provides comprehensive RICS Red Book Valuation—International Valuation Standards (IVS) valuation reviews, rebuttal valuations, and valuation expert-witness testimony and litigation-support services in all disciplines of valuation in the U.S. and throughout all of the Americas— e.g., Real Property, Business Valuation, Intellectual Property, Personal Property, Machinery and Equipment, Business Income, Probate, and Economic Damages.

Our discipline-specific and multidisciplinary RICS Red Book Valuation expert witness and litigation-support providers are internationally accredited ASA/MAI/RICS valuation instructors—all well-published luminaries in the global valuation community. Our valuation experts include Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS) and RICS Red Book Valuation instructors, Value Adjustment Board (VAB) Magistrates, and former state/federal valuation regulatory compliance officers.

We conduct in-depth valuation analyses and provide objective opinions and advice that help resolve complex valuation issues. We advise client counsel in the preparation of valuation-related discovery, Daubert challenges, and valuation/valuer compliance with state and federal regulations, USPAP, IVS, Red Book, and international Basel Accords.

EDS specializes in handling complex multidisciplinary and multi-jurisdictional RICS Red Book Valuation matters. For example, a dispute wherein multiple domestic and international locations/jurisdictions and multiple valuation disciplines are at issue, e.g., Real Property, Business Valuation, and Machinery and Equipment. Unlike others, EDS will assign one of its internationally accredited RICS Red Book 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’s 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 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 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 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 in other special matters.

Steven is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized valuation expert witness testimony luminaries. He has served as an expert witness valuer 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 Red Book valuation professional is critical. EDS’ unparalleled level of expertise is recognized and appreciated in boardrooms and courtrooms throughout the world, and our body of work has been cited by U.S. regulators as “The measure by which all valuation reviews should be judged.”

We welcome the opportunity to bring this level of RICS Red Book Valuation expertise to you.