TEGoVA General Assembly

This year took place the International Congress of TEGoVA in Marseille from 26 to 28 October 2017.

95 delegates representing 52 evaluator associations from 29 countries attended the TEGoVA fall meeting. The company COFARIS EVALUATION was also present at this event.

95 delegates representing 52 valuers’ associations from 29 countries attended the Autumn meeting of TEGoVA in Marseille on 27-28 October. The meeting was hosted by Chambre des Experts Immobiliers de France (CEIF-FNAIM).

Undoubtedly the highlight of the meeting was the endorsement of a new European Standard (EVS 6) concerning the use of Automated Valuation Models (AVMs). The key message of EVS 6 with immediate effect, is that :

“AVMs cannot be used to produce a valuation report that complies with EVS independently of a valuation process founded, inter alia, on inspection of the property by the valuer and the application of valuation judgment by the valuer. Where used, an AVM is never more than a tool contributing to the valuer’s estimation of value, for which he remains responsible.”

More information : http://www.tegova.org/en/p561f9f4504887