Institutional Determinants of a Property Appraiser Profession Activities - Current Status and Directions of Desirable Changes Cover Image

Uwarunkowania instytucjonalne działalności zawodowej rzeczoznawcy majątkowego – stan obecny i pożądane kierunki zmian
Institutional Determinants of a Property Appraiser Profession Activities - Current Status and Directions of Desirable Changes

Author(s): Agnieszka Małkowska, Małgorzata Uhruska
Subject(s): Business Economy / Management
Published by: Fundacja Uniwersytetu Ekonomicznego w Krakowie
Keywords: real estate valuation; property appraiser; institutional conditions; market of valuation services; real estate market

Summary/Abstract: Property valuation still belongs to regulated professions and its performance is covered by legal and professional regulations. The quality and efficiency of doing business by appraisers are influenced by the institutional determinants and their changes over time as well as the behaviour of experts themselves seeking a market for their services. The goal of this paper is to understand how appraisers rate the current services market and what they recognise as the most desired directions for improvement, especially in the realm of institutional conditions. The analysis was based on the information gathered through a survey conducted among professionally active property appraisers belonging to professional associations throughout Poland. The survey was carried out between June and October 2018 and the research sample was 242 respondents. The results clearly show that the institutional environment is considered to be a very important factor in shaping the quality of work. Amongst others, the desired improvements include increasing the requirements for candidates for the profession, strengthening the legal protection of property appraisers and the role of professional standards, actions against unfair competition, and finally, introducing a professional chamber.

  • Issue Year: 3/2018
  • Issue No: 105
  • Page Range: 23-34
  • Page Count: 12
  • Language: Polish
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