The Law of the Republic of Kazakhstan "On Appraisal Activities in
Republic of Kazakhstan "(hereinafter referred to as the" Law ") evaluation activity - entrepreneurial activity,carried out by appraisers and aimed at establishing in relation to the appraisal objects of the market or other value on a certain date, unless otherwise provided by the laws of the Republic of Kazakhstan;
appraiser – an individual or legal entity, having a license to carry out evaluation activities and that is obligatory a member of one of the chambers of appraisers;
At the same time, with the adoption of the Law, self-regulation was introduced in appraisal activities on the basis of many chambers of appraisers.
The Ministry of Finance of the Republic of Kazakhstan (hereinafter referred to as the Ministry) receives complaints, most of which are in the nature of a difference in the value of the same object of assessment, determined by different appraisers, since the entry into force of the new law to the present, the Ministry has submitted 95 clarifications.
Consideration of appeals and taking action against appraisers is provided by the relevant Chamber of Appraisers - SRO.
If there is a dispute over the assessment report, an examination of the assessment report may be carried out - a study conducted by the expert council of the chamber of appraisers.