Are Opagio valuations RICS or IVSC compliant?

Full Explanation

RICS and IVSC set professional standards for valuers: valuers must be qualified professionals, follow detailed methodologies, conduct on-site inspections (for real estate), and maintain professional liability insurance. Opagio is an AI tool — it doesn't hold professional credentials and therefore cannot claim RICS/IVSC compliance. However, Opagio's methodologies align with IVSC standards: Relief from Royalty, MPEEM, Cost Approach, With-and-Without, Greenfield, and Market Approach are all IVSC-recognised methods. The difference: a RICS/IVSC-credentialed valuer adds professional judgment, client relationship, malpractice insurance, and the ability to defend their opinion in court. For regulatory acceptance (HMRC, auditor), a RICS/IVSC opinion carries more weight than an automated tool. Opagio's intended use: provide rapid, defensible valuations for strategic planning, fundraising, and initial financial reporting. For transactions or regulatory filings where professional credibility is critical, Opagio outputs should be reviewed/blessed by a qualified valuer.

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