RICS VALUATION EXPERT WITNESS SERVICES — NATIONWIDE / GLOBAL
RICS (Royal Institution of Chartered Surveyors) valuation expert witnesses are professionals who have been trained and certified by the RICS, a global organization that sets standards for the real estate and construction industries. They have the expertise to provide expert testimony in legal proceedings involving real estate and property valuation issues.
An RICS Valuation expert witness will typically have a thorough understanding of real estate markets, appraisal methods, and the legal process. They are able to provide an unbiased, independent and objective opinion on the value of real estate assets, including commercial and residential properties, and personal properties such as plant and machinery.
RICS Valuation expert witnesses are often called upon to provide expert testimony in legal proceedings such as:
- Property disputes (e.g. boundary disputes, rights of way, and easements)
- Litigation involving property valuations (e.g. matrimonial disputes and probate valuations)
- Professional negligence claims against surveyors or valuers
- Arbitration or mediation involving property or real estate disputes
- Taxation and rating matters
- Compulsory purchase and compensation claims
RICS expert witness must have the necessary professional indemnity insurance and must comply with the RICS rules of conduct. They must also comply with the RICS Red Book (Valuation – Global Standards) that provide the RICS guidance on the professional standards of valuers.
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’ RICS Valuation 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 in International Valuation Standards (IVS) and RICS ‘Red Book’ regulations who master the facts and are able to present clear, objective and compelling findings to judges and juries.
EDS pioneered the Valuation Review profession—the cornerstone of Valuation Expert Witness Testimony—and directed the development, writing, and implementation of the Valuation 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 Valuation 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 Valuation Expert Witness and Appraisal Dispute Resolution Certifications in the world.
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.
We provide comprehensive RICS valuation expert witness testimony and litigation support services in all disciplines of appraisal, e.g., Real Property, Business Valuation, Intellectual Property, Personal Property, Business Income, Probate, and Economic Damages.
Our discipline-specific and multidisciplinary RICS valuation expert witness testimony and litigation-support providers are internationally accredited ASA/MAI/RICS valuation instructors—all well-published luminaries in the global valuation community. Our RICS valuation experts 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 valuation analyses and provide objective opinions and advice that help resolve complex appraisal and valuation issues. We advise client counsel in the preparation of valuation-related discovery, Daubert challenges, and appraisal/appraiser compliance with state and federal regulations, USPAP, IVS, ‘Red Book,’ and international Basel Accords.
EDS specializes in handling complex multidisciplinary and multi-jurisdictional RICS 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 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.
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 would welcome the opportunity to bring this level of RICS valuation expert witness expertise to you.