The issue of price formation for valuation services in the Republic of Moldova

Abstract

Valuation is a comparatively new activity for the Republic of Moldova. The pricing of valuation services presents an extremely acute problem. The high level of knowledge and skills necessary for an appraiser to provide quality advice implies the need for appropriate remuneration. However, applicants for valuation services required by law perceive the valuation of property as analogous to requesting a document from state institutions; i.e., the cost of the valuation report is perceived at the same level. In the present study the author provides an analysis of the national legislation, highlighting the contradictions between the legislation on valuation activity and the provisions of the Moldovan occupational classifier. A broad analysis of the value of valuation services under the conditions of the Republic of Moldova is carried out. Three points of view are applied to the value of an hour of work of an appraiser depending on his/her qualification and experience. The existing differences in pricing of valuation services depending on the organisational-legal form of the valuation enterprise are highlighted.