‘A valuation review is an appraisal of an appraisal’
A RICS Valuation Review tests the credibility of the valuation and the valuer. RICS Valuation Reviews require highly-trained—highly-skilled—highly-credentialed discipline-specific and multidisciplinary RICS review valuers with decades of experience that are specifically trained and accredited in providing valuation reviews and in developing and reporting differing opinions of value, rebuttal valuations, and RICS Valuation Expert-Witness Testimony.
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 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 Dispute Resolution Certifications in the world.
The Royal Institution of Chartered Surveyors (RICS) offers a Valuation Review service through EDS as a means of resolving disputes related to property valuations. The service is intended to provide an independent and impartial review of a valuation that has been carried out by a RICS member. The review is conducted by a panel of RICS-qualified experts who are independent of the original valuer.
The RICS Valuation Review service is intended to provide a cost-effective and efficient alternative to formal dispute resolution processes, such as arbitration or litigation. The review process is designed to be flexible and adaptable to the specific needs of each case.
RICS Valuation Review services are suitable for a wide range of disputes, including disputes between lenders and borrowers, landlords and tenants, and buyers and sellers of property. The service can be used for disputes related to both residential and commercial properties, as well as for disputes related to business valuations.
The RICS Valuation Review service is a confidential process, and the findings of the review panel are not made public. The panel’s decision is binding on the parties involved in the dispute, and it is intended to bring the dispute to a conclusion as quickly and efficiently as possible. If you are involved in a dispute related to a property valuation and would like to consider using the RICS Valuation Review service, contact us.
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 pioneered the valuation review profession 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. Our RICS valuation review services have allowed our clients to prevail in billions of dollars at issue, and our review valuations have been cited by U.S. regulators as “The measure by which all valuation reviews should be judged”.
Our discipline-specific and multidisciplinary RICS valuation review specialists are internationally accredited ASA/MAI/RICS valuation instructors—all well-published luminaries in the global valuation community. They 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 and federal appraisal regulatory compliance officers.
We provide RICS valuation reviews in all disciplines of valuation and asset classes, tangible and intangible, i.e., Real Property, Business Valuation, Intellectual Property, Personal Property, and Machinery and Technical Services, to clients throughout the world. EDS specializes in providing RICS valuation expert-witness testimony and litigation-support services to attorneys and law firms and valuation-related Alternative Dispute Resolution (ADR) Arbitration and Mediation and as Arbitrator, Mediator, Umpire, and Referee.
Our RICS valuation review experts analyze, evaluate and report matters pertinent to the subject appraisal: (1) Completeness of the material under review, (2) Adequacy and relevance of the data, including the propriety of adjustments (if any) to the data, (3) Appropriateness of the valuation methods and techniques used, (4) Whether the analyses, opinions, and conclusions are appropriate and reasonable, i.e., credible, (5) conformity with applicable valuation development and reporting standards required of the International Valuations Standards (IVS) / RICS Red Book, and Basel Accords, (6) the professional qualifications and licensing requirements of the reporting valuer(s), (7) compliance with applicable state and federal-U.S. Regulatory 75 FR 77450 Interagency Appraisal and Evaluation Guidelines, (8) compliance with any and all other applicable standards, guidelines, rules, and regulations that apply as of the Effective Date of the subject valuation under review.
EDS RICS valuation reviews are independent and objective and render credible findings that will withstand challenges and scrutiny from peer reviews, and regulatory, judicial, and taxing authorities.
The Intended Use and Scope-of-Work of the valuation review determine the level of complexity and the cost of the report.
RICS REAL ESTATE VALUATION REVIEW — COMMERCIAL / HIGH-VALUE RESIDENTIAL
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, eminent domain (condemnation), conservation easements, and leasehold interests.
RICS BUSINESS VALUATION REVIEW — ESOP’ / ENTERPRISE VALUE / BUSINESS INTERRUPTION / ECONOMIC DAMAGES / APPRAISAL-RIGHTS (ARBITRAGE) / ASSET-BACKED SECURITIES:
EDS’ internationally accredited ASA/RICS Business Valuation experts review valuations of the value of businesses, business ownership interests, ESOPs, and securities for businesses of all sizes. We also review the value of specific intangible business assets such as patents, trademarks, employment agreements, copyrights, and goodwill.
RICS INTELLECTUAL PROPERTY VALUATION REVIEW — PATENTS / TRADEMARKS
Intellectual property is any product of the human intellect that the law protects from unauthorized use by others. Intellectual property is traditionally comprised of four categories: patents, copyrights, trademarks, and trade secrets.
RICS MACHINERY AND EQUIPMENT AND TECHNICAL SERVICES VALUATION REVIEW
EDS’ internationally accredited Machinery and Technical Services experts perform RICS valuation reviews of market or liquidation value valuations for various purposes such as sale, acquisition, ad valorem tax, eminent domain, conservation easement, collateralization, and insurance or residual forecasting.
RICS PERSONAL PROPERTY VALUATION REVIEW
EDS’ internationally accredited Personal Property valuation review experts provide RICS valuation reviews of tangible, movable property that is utilitarian, collectible, decorative, or a combination of the three for specific purposes such as insurance, estate tax, damage claims, donation, sale, dissolution of marriage, and equitable distribution.
RICS MULTIDISCIPLINARY VALUATION REVIEWS
A comprehensive RICS valuation review of a valuation involving two or more components of Real Property, Business Valuation, Intellectual Property, Machinery and Equipment and Technical Services, and Personal Property.
How may we be of service to you?