How to open an appraisal company

The appraiser's profession is quite new; it appeared in our country in the 90s, when market relations began to develop. At present, appraisal companies are actively gaining momentum and are a rather profitable line of business.

Instruction manual

1

In order to open an appraisal company, you must first become an expert in this business yourself. Among the professional requirements for an appraiser, there is a higher education, better than an economic one. In addition, you need to receive additional professional education in the field of "Business Valuation". In the future, to work as an appraiser, one will have to upgrade qualifications every three years. There are also requirements for the appraiser's biography. This is the absence of an unexpunged or outstanding criminal record for an economic crime, as well as for any crime of medium gravity or a particularly serious crime.

2

Please note that at the present time, an individual who works in an appraisal company under a contract or as an individual entrepreneur can engage in valuation. Currently, it is not necessary to obtain a license to engage in valuation activities. However, the responsibility for the quality of the assessment has been tightened. If earlier the appraisal company was deprived of a license for one year for a poor assessment, now the appraiser who performed the work with violations will not be able to work in this area.

3

But remember that all appraisers must be with one of the self-regulatory organizations (SROs). To join it, you must meet the requirements of the law. In addition to having education, the activities of each appraiser must be insured for at least 300 thousand rubles. The higher the coverage, the better. When joining an SRO, you must pay an entry fee and a contribution to the compensation fund (at least 30 thousand rubles). It is created in order to compensate the consumer for damage caused by poor-quality assessment.

4

When opening an appraisal company, keep in mind that there should be at least two appraisers in its staff. Currently, it is the customers who set the requirements for valuation companies. For example, banks only work with appraisers accredited with them, which means you will have to adapt to them. In large cities, the staff of the appraisal company should consist of at least five people, these are the requirements of customers. Note that preference is given to those appraisal companies which, in addition to the liability of their employees, have also insured their liability of a legal entity, which can be avoided by law.

how to become an appraiser