This study compares the differences between the domestic and the U.S. appraisal review system based on the operation status of the two countries' systems. Moreover, this study aims to present directions and prior tasks to improve the reliability of appraisal in the future.
The system types related to domestic appraisal review are divided into an appraisal prescreening system and an appraisal postinvestigation and review system. Moreover, this study proposes a plan to establish their relationship. Further, it suggests prior tasks for introducing an appraisal review system in terms of setting its direction to improve the reliability of appraisal.
The following are the prior tasks for the introduction of an appraisal review system in Korea: (ⅰ) reaching a social consensus ; (ⅱ) preparing the legal basis and establishing a plan to link the screening system; (ⅲ) preparing the standards for the performance of appraisal review; and (ⅳ) improving the fee system.
Recently, there have been discussions on introducing an appraisal review system in line with environmental changes in the appraisal industry. However, the relationship between similar systems being implemented in Korea is ambiguous, and various issues emerge. Therefore, the direction of future implementation should be established by carefully considering the expected and side effects of the introduction of the appraisal review system.