Appraisal rules in the United States have very little variation between states. A piece of machinery or equipment appraised in an east coast state would be treated the same as a piece of equipment appraised in a west coast state. But what about in other countries?
The International Valuation Standards Committee (IVSC), is a non-profit organization incorporated in the United States that develops high-quality international appraisal standards and supports their adoption around the world. It is especially interested in setting standards for appraisals that will be relied upon by investors and other third-party stakeholders. The organization’s members include major valuation standard-makers and professional associations from more than 40 different countries.
Its other goals include:
- Facilitating collaboration and cooperation among its member organizations
- Collaborating and cooperating with other international organizations
- Serving as the international voice for the valuation profession
The IVSC, headquartered in London, publishes the International Valuation Standards (IVS).
The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.
By: NEBB Institute
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