In March 1994 the Mallinson Working Party on commercial property valuations produced their report outlining a number of initiatives which the RICS should undertake to help improve the standing of the valuation survey within the business world.
The final result represents the benchmark of property valuation in Italy for the entire economic-financial, institutional and professional world, as well as for European Union citizens and international operators interested in developing invesknowledgetment activities in Italy. The Italian Property Valuation Standard is based on “International standard harmonized with research and experience”. The real estate market also needs ethical behaviour and set rules, shared and put into practice, to be adopted on the basis of its own choices, and thus not a “locus naturalis” without rules or references, but, tendentially, a “locus artificialis” These are the prerequisites – also for the consumer – for carrying out free choices. The market is the place where it is essential to evaluate opportunities and risks, and to be able to do this one must have not only the tools, but also the perception of high ethical standards and set rules. The work is based on the observation of the considerable evolution, in recent years, of the real estate market and the valuation methodologies. The Italian Property Valuation Standard based on the implementation at Italian level of the International Valuation Standard (IVS), with an harmonization with the principles adopted in the EVS, USPAP and Red Book. 5-1 5.1.2 ENTERING ENGINE MAINTENANCE MODE. 4-24 After installing a new transfer roller.
4-20 4.5.14 REGISTRATION ROLLER AND SENSOR. 4-15 4.5.5 BY-PASS FEED ROLLER FRICTION PAD. 4-13 After installing a new paper feed roller.
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