Professional Certification

LĪVA is an authorised institution responsible for certification of appraisers in the following valuation categories:

  • real property valuation
  • business and intellectual property valuation
  • valuation of personalty, plant and equipment
  • jewellery and antiques valuation

According to the certification system of property valuers, the requirements for obtaining professional appraisal practice certificate in Latvia are the following:

  • Higher professional education in valuation or higher education and adequate post-graduate education in corresponding valuation category
  • At least three year experience in valuation
  • Being a member or candidate of LĪVA
  • Continuous raising the qualification in educational courses

To pass the certification an appraiser must demonstrate his knowledge in valuation theory as well as to illustrate his practical experience

Presently Latvian Association of Property Appraisers has issued the following certificates in property appraisal:

  • 91 - in real property appraisal
  • 10 - in business and intellectual property valuation
  • 15 - in valuation of personalty, plant and equipment
  • 1 - in jewellery and antiques valuation