Introduction of Compulsory Examination for Appraisers: Benefit or Harm?

The present makes more and more new demands for knowledge and abilities, not allowing to stop in professional growth and improvement, demanding to be ready for solving complex and large-scale tasks. In July 2016 the Federal Law “On Appraisal Activities in the Russian Federation” was amended providing for introduction from July 2017 of a qualification exam for appraisers, whose qualifications and experience affect both private and public interests. The Russian Ministry of Economic Development in the nearest future will approve the procedure for passing such an exam. Introduction of the exam and procedure for its implementation are being actively discussed in the assessment environment. Nikolay Podguzov, Deputy Minister of Economic Development of the Russian Federation, told about peculiarities of the compulsory examination for appraisers.