Standards of Valuation Practice

Standards of Valuation Practice are guidelines used by professionals to ensure that property or business valuations are fair, consistent, and credible. They outline the methods, assumptions, and ethical practices that valuers should follow, promoting transparency and comparability. By adhering to these standards, valuers provide well-supported estimates of value that clients, investors, and other stakeholders can trust for decision-making purposes. These standards help maintain integrity in valuation work across different situations and industries.