NBR 14653 or Brazilian Standard for Property Valuation is uk companies email list in situations such as real estate transactions, expropriation and compensation, judicial expertise, real estate insurance, real estate financing, among others.
If you have ever experienced any of these situations and had difficulty carrying out the assessment according to the ABNT standard for property assessment, continue reading this article. To help you with these rules, I will explain what they are and how they work.
Summary
ABNT standard for property valuation
The 7 divisions of NBR 14653
NBR 14653-1: General Procedures
NBR 14653-2: Urban Properties
NBR 14653-3: Rural properties
NBR 14653-4: Projects
NBR 14653-5: Machinery – Equipment – Installations and Industrial Goods in General
NBR 14653-6: Natural and environmental resources
NBR 14653-7: Historical heritage
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ABNT standard for property valuation
ABNT standard for property evaluation: image of a table with a property plan on paper, above a magnifying glass and a miniature house.
ABNT (Brazilian Association of Technical Standards) provides technical and methodological criteria to ensure the standardization and accuracy of property assessments through NBR 14653 .
In addition to standardization, NBR 14653 (and ABNT standards in general) guarantees credibility, consistency, legal validation and transparency of information.
The ABNT standard for property appraisal must be followed when a professional assesses:
Urban properties;
Rural properties;
Enterprises;
Machinery and equipment;
Natural and environmental resources;
Historical heritage.
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The 7 divisions of NBR 14653
For each of these points there are specific procedures to be followed during the assessment. In addition to the 6 mentioned above, there is also a part of the standard that describes general procedures.
Below I will talk about each of these divisions:
NBR 14653-1;
NBR 14653-2;
NBR 14653-3;
NBR 14653-4;
NBR 14653-5;
NBR 14653-6;
NBR 14653-7.
NBR 14653-1: General Procedures
The first part of NBR 14653-1 establishes the division of the following parts by classifying each division according to its nature.
NBR 14653-1 discusses, in general terms, the evaluation of assets, specifies the approaches to values, provides general information about the real estate market, details the division of the standard and explains specific issues regarding the evaluation report.