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Such standards regulate, for example, what minimum information an appraisal report should contain and how the application of the individual valuation approaches should be documented in a traceable manner.
Even though compliance with them is not legally mandatory, in practice they are regarded as a recognised benchmark for the quality and completeness of an appraisal report.
Our membership in a relevant professional association also underscores this commitment to quality.
Common model standards can be found, for example, with larger professional valuer associations and closely follow the methodological requirements of the ImmoWertV as well as the requirements of case law.
For clients, compliance with such standards provides additional guidance to roughly assess the quality and completeness of an appraisal report even without specialist knowledge of their own.