Web Site

Financing-issues.org



» Financing » Valuation » Topics begins with P » Panel of experts


Page modified: Saturday, June 24, 2006 10:36:08

The institution panel of experts for real estate values was created 1960 with the federal's building law at that time. A goal was and is to provide by an independent collegial committee of real estate experts for transparency on the property market. In addition the of the Gutachterauschusses copies of all real estate sales contracts locked in the regional administrative body keeps sent from the notary. These become under mathematical - statistic criteria with keeping data security width unit analyzed and in aggregated form publishes. They are basis refunded by traffic value appraisals of private experts or loan to value ratio appraisals Banken.Der panel of experts also appraisal over the market value of cultivated and vacant properties as well as rights at properties (real estates). The panels of experts are educated at the administrative organs by cities, districts or larger municipalities. Legal basis is "§ the 192 BauGB (see building law book). The tasks of the panels of experts are in "§"§ 193 FF. BauGB regulated. The panels of experts are usually of the Lands of the Federal Republic furnished committees, only in exceptional cases, e.g. in Baden-Wuerttemberg, are settled them local committees, in North-Rhine/Westphalia with the measurement and land registries of the circle-free cities and districts.

Composition

Beside the chairman, who should have been officials of the authority, for their range the panel of experts was educated (usually the district administration office, district administration paper and/or land register or land surveying offices, belong also to coworker of the responsible fiscal authorities or tax offices to the panel of experts. In addition the panel of experts has still honorary members, that are active as real estate experts freelance or as employees of banks or insurance. Are applicable in particular architects, civil engineers, real estate economists, operation managers, survey engineers or agricultural experts. The chairman has several deputies, from whom at least one may not belong to the administration, for whose range the panel of experts was formed.

Tasks

The tasks are in detail:

  1. Publication of data over the local property market
  2. Production of market value appraisals
  3. Appraisal over the height of remunerations in connection with losses of rights (expropriation or other financial damages
  4. Guidance of a purchase price collection

Further tasks

In the law further tasks, which are usually noticed by panels of experts, are not regulated:

  1. Determination of soil appoximate values
  2. Distribution of soil appoximate value information
  3. Production of rental value overviews
  4. Refunding of appraisals on renting and rental values

Upper panels of experts

If necessary upper panels of experts can be educated ("§ 198 BauGB).

See also

  • <-property valuation

Related links


Articles in category "Panel of experts"

We found here 4 articles.

P

» Panel of experts
» Productive value procedure
» Project development
» Property valuation

Related Websites

We found here 5 related websites.

Page cached: Wednesday, July 5, 2006 23:47:43
Valid XHTML 1.0!  Valid CSS!

Page copy protected against web site content infringement by Copyscape