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Jaffar Aloraibi (MRICS)<\/strong> Real estate\u2019s professional services like valuation, property management, brokerage, and facilities management are crucial pillars of the real estate investment environment. The services are operational support in the industry, as soft services, and advisory and consultancy. Real estate valuation is a vital part of the industry\u2019s professional services and an essential participant in the functioning of the real estate market. The service is centrally positioned as public interest due to the circumstances related to the opinions of the professionals. Many economic, financial, and business-related activities depend on the valuation at some of the cycle\u2019s stages. The value of the real estate and the exposure of institutions and individuals towards property describes the reason for valuation significance.<\/p>\n The real estate market depends on the role of valuation for pricing estimation, as the prices are not the form of information that is accessible, therefore, expert analysis and interpretation are required. Globally, the financial system and its associated decisions depend on the valuation service. Managing and measuring the risks of financial exposure to real estate is critical. Several stakeholders in this regard are exposed to the necessity of the service, like the banking industry which facilitates a segment of the lending by employing the property as collateral opposed to the loans. Real estate investors, institutions like insurance companies and pension funds, compulsory acquisition agencies within governments, and individuals alike, are the main end users of the service to articulate their investment or development decision before acquisition or disposition, or for financial requirements.<\/p>\n Moreover, the valuation service is the estimator of market value, hence establishing value accuracy. This is a crucial role overseen by the valuers. Achieving the role provides a mitigation risk and better corporate governance of the financial exposure for the parties involved in that business required the valuation and to the public interest in the robustness of the service process.<\/p>\n The International Valuation Standards Council (IVSC) is the world’s leading professional The valuation in numerous countries is performed by licensed valuers who have relevant experience, high business ethics, and are well-trained to produce reliable opinions. The valuer shall undertake any assignment with integrity and maintain a professional standards level by preventing unethical business practices. The sensitivity of the profession of being a public interest as well as its integrity and independence are crucial. The valuer and the professional bodies are the main protection line of credibility, consistency, and transparency of valuation; however, the official authorities have a key role. Financial crises around the world have mainly occurred due to weak standards and a lack of trained valuers in the market. Such crises have predestined the way for the valuers to obtain more training and guidance to practice the profession with high ethical standards and to be provided with the best technical guidance.<\/p>\n About the Author:\u00a0<\/strong><\/p>\n Jaffar is a real estate professional with more than 17 years of experience in international and local firms. He has diversified industry knowledge and experience in investment, strategies, advisory, valuation and other real estate services. He is a Chartered Surveyor (MRICS) from the Royal Institution of Chartered Surveyors (RICS) in the Kingdom of Bahrain. He has also gained a master\u2019s degree in Real Estate from the University of Manchester in the UK and a BEng degree from Northumbria University in the UK. He is a Tier \u201cA\u201d Check out House Me’s properties here<\/a>.<\/em><\/p>\n You can also search for:<\/strong> Jaffar Aloraibi (MRICS) CEO House Me Real estate\u2019s professional services like valuation, property management, brokerage, and facilities management are crucial …<\/p>\n","protected":false},"author":10,"featured_media":4059,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[5],"tags":[],"translation":{"provider":"WPGlobus","version":"2.10.9","language":"en","enabled_languages":["en","ar"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ar":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"\n
\nCEO<\/strong>
\nHouse Me<\/strong><\/p>\n
\nbody for the valuation profession. IVSC regulates and standardises how the profession shall operate. For regulation and to expand knowledge, International Valuation Standards (IVS) have been released and caused extensive improvements in the valuation service. The Royal Institution of Chartered Surveyors (RICS) is another renowned international professional body. Red Book is the primary document and reference for the valuer issued by RICS and associated with IVS which is frequently updated. It has been published as a response to the property crash in the UK back in 1970 to set standards and professional conduct of the valuer. Other national valuation standards have been issued to regulate the valuation service that shall be implemented in the local
\nmarkets.<\/p>\n
\naccredited valuer in RERA.<\/p>\n
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\nstudio flat for rent in hoora<\/a><\/span>
\nflat for rent in jidhafs<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"