Legal status of Self-Regulating Organizations of Appraisals

Abstract

The aim of this article is to represent the state of the evolution and forming of the concept and determination of the legal statusfor self-regulatory organizations of appraisers in the independent state of Ukraine along with types of self-regulatory organizations ofappraisers (the attempt of their classification is planned to be represented in the article, as well as the research of the issue on determinationof the concept “professional activities” will be developed).The process of establishment of Ukraine as democratic, social and legal state is hard to imagine without the availability of selfregulationof professional activities which will enable a harmonic development of the state towards proper interaction between thedemocratic society and state power authorities.Such feature as activities of professional appraisers within the concept of legal status of self-regulatory organizations of appraisershas been particularly emphasized. As the number of researches concerning legal status of self-regulatory organizations of appraisersis very limited all over the world and, in Ukraine such scientific works dedicated to self-regulatory organizations specialized in apprai -sal professional activities are hardly ever met.Nowadays only eight self-regulatory appraisal organizations have been officially recognized in Ukraine, including those whichmake land evaluation, and two of them are in the sphere of the organization of the use of land (Land Management).Except of this, within the framework of several types of appraising activities such organizations exist as those which on the basisof complex of their performing functions, as well as close features to them can be considered as belonging to self-regulating ones, butlegislation doesn’t envisage possibilities for regulation in corresponding professional spheres.At the same time, the national legislation lacks the unified approaches to the determination of the legal status of self-regulatoryorganizations (SRO), along with the system and complex procedure for the establishment of self-regulating organizations.First, we present evidence and implications from an analysis of the domestic legislation in the field of administrative, civil, economicLaw that till now any complex research on professional appraisal activities of self-regulation organizations has not been performed.Second, we will present the event study results suggesting the essence and contents of self-regulation within appraisal activities.Finally, we will find out that the problem issues of self-regulation have been researched mainly within the context of activitiesof the certain self-regulation organizations, their legal status and functions, interaction with power authorities, several means and toolsof self-regulation.The genesis of the establishment and development of legislation on self-regulation of professional appraising activities has beenalso presented.