Client influence on real estate valuation : an evidence of public companies in Taiwan

• Main Authors: Chen, Chin Tien, 陳金田
• Other Authors: 陳奉瑤
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/s8x5re

碩士 === 國立政治大學 === 地政學系碩士在職專班 === 106 === The independent objective of real estate appraisal is the key factor of the stability of the financial system, while the client influence is an important issue of the independence of valuation. In the past, more of the relevant research by questionnaire, experiment or interview, but it is difficult to verify the real situation of the client influence. This paper collected the cases of same real estate that both the buyer and the seller commissioned the valuation and the transaction price from MOPS, under the premise that both parties have the motivation to influence the valuation, to examine the valuation premium ratio and valuation difference ratio with the independent sample t test and Wilcoxon-Mann-Whitney test. The results show that the real estate valuation is significantly different from clients, and experienced clients will make the real estate valuation differences more widened. However, the valuation difference ratio of the transactions by auction is much higher than the valuation difference ratio of the transactions by bargain.