Accurate real estate appraisal relies upon good market analysis, sound feasibility studies and correct professional practice. This paper discusses, by way of case study, how a failure to comply with these criteria, coupled with loose management and inadequate auditing, can lead to insolvency in leading financial institutions. It concludes that there is a need for real estate appraisers to re‐examine their own practices and to return to basics in their appraisal and thus provide precise, accurate valuation advice for clients.
HOWARD, L. (1988), "FEASIBILITY STUDIES AND MARKET ANALYSES OR WHAT WENT WRONG WITH CANADIAN FINANCIAL INSTITUTIONS?", Journal of Valuation, Vol. 6 No. 3, pp. 231-240. https://doi.org/10.1108/eb008027
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