Abstract
Real estate market price calculation services using big data and artificial intelligence algorithms are controversial in the field of real estate appraisal practice. Due to the increase in services that automatically calculate real estate market prices or provide price information through programs, there are conflicting opinions on whether the appraisal business community and market price calculation service providers violate the appraisal law, but research is insufficient. Therefore, in this study, the conflicting positions on whether the market price calculation program can be interpreted as "appreciation" under the appraisal law were examined through the interpretation of laws and related precedents. In this study, (i) the interpretation of the appraisal law and related laws and regulations was examined, and (ii) whether the market price calculation through the program can be interpreted in the same way as the appraisal law, and whether it is illegal to provide a certain value range, and (iv) to receive a certain price. Therefore, it was confirmed that there were no practical measures and legal grounds to sanction the market price calculation program in the interpretation of related laws. Through this study, it is intended to provide a basis for active research in relation to the legal principles on the use of real estate market price calculation programs in the field of appraisal.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
