definition
strict definition
valuation/rating
A firm that assesses the market value or another defined type of value of buildings or properties.
A valuation/rating company is a firm that assesses the value of buildings or properties. This usually refers to the market value, but can also be the value-in-use, insurable value, investment value or liquidation value.
The basis of value is part of the assessment. Market value and insurable value answer different questions and need not produce the same figure for one building.
Producing a valuation does not by itself make the firm a seller, buyer, or lender for the property. Those transactional roles can belong to other parties using its assessment.
Related definitions
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asset manager
An organization holding title to a building on behalf of several owners, commonly through a real estate fund. -
financial association
An organization to promote common causes among various enrolled financial service providers. -
financial consultant
A company that advises firms or individuals on financial transactions and financial management. -
financing
A company which supplies the loan or mortgage for a structure's development and construction. -
investment advisor
A financial specialist advising a prospective purchaser before and during a property acquisition. -
investor
A person or company providing capital for a structure's development in the hope of a financial return. -
leasing company
A company involved in leasing property for use by parties that do not acquire its ownership. -
mortgage bank
A nondepository lender specializing in mortgage loans made directly to its customers. -
pension fund
An investment fund established to provide retirement income for the people investing in it.