answers: the real estate appraiser
context: performing valuations for purposes of financial reporting. In the UK, real estate appraisal is known as "property valuation" and a real estate appraiser is a "land valuer" or "property valuer" (usually a qualified chartered surveyor who specializes in property valuation). Property valuation in the UK is regulated by the Royal Institution of Chartered Surveyors (RICS), a professional body encompassing all of the building and property-related professions. The RICS professional guidelines for valuers are published in what is commonly known as the "Red Book". The 2017 version was the "RICS Valuation - Global Standards" (1 July 2017), superseding an edition published </s> Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property. Besides the mandatory educational grade, which can vary from Finance to Construction Technology, most, but not all, countries require appraisers to have the license for the practice. Usually, the real estate appraiser has the opportunity to reach 3 levels of certification: Appraisal Trainee, Licensed Appraiser and Certified Appraiser. The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in </s> consisting of a chairman and honorary members. The committee gathers information on all real estate deals (it is mandatory to send a copy of each notarial purchase contract to the "Gutachterausschuss") and includes it in the "Kaufpreissammlung" (purchase price database). Most committees publish an official real estate market report every two years, in which besides other information on comparables the land value is determined. The committees also perform appraisals on behalf of public authorities. The BauGB defines the "Verkehrswert" or "Marktwert" (market value, both terms with identical meaning) as follows: "The market value is determined by the price that can
question: who performs function of property estimation among the real estate specialists