Azerbaijan, Baku, April 23 / Trend U. Ismayilova /
Nobody passed the exam during the third stage of certification of appraisers in Azerbaijan, held April 21, the Azerbaijani Society of Appraisers coordinator Amil Ismayilov said today. About 15 appraisers participated in the training (from April 19-20), six people were admitted to the exam (April 21-22).
"In connection with the unsuccessful result of the exam, certificates were not granted to any of appraisers. As a result, the number of certified appraisers in Azerbaijan remains the same - seven people, Ismayilov said.
He said that a general meeting of Azerbaijani Society of Appraisers will be held in the nearest days. They will decide the date of the next stage of certification.
"A preliminary date of the exam is scheduled for June. But some appraisers need more time for preparation. It is not excluded that the regular certification process will be delayed until autumn", Ismayilov said.
The International Finance Corporation (IFC), the Russian Society of Appraisers (RSA) and the Swiss State Secretariat for Economic Affairs (SECO) participated in the process of certification of appraisers, as observers.
Examinations will be conducted by seven evaluators, who were certified in the first and second phases of certification.
Examiners at the first two phases of certification were Igor Artemenko, IFC consultant on the project, as well as deputy chairman of the Qualification Commission of the Russian Society of Appraisers Hamid Mamadjanov.
The first phase of certification of appraisers in Azerbaijan was held in March 2009. Three appraisers were certified. Four appraisers were certified within the second phase in June last year.
Assessment activity in Azerbaijan is certificated as a part of IFC's program to develop a mortgage in Azerbaijan and Central Asia, together with the international center for evaluation and Azerbaijani Society of Appraisers.
Evaluation activity in Azerbaijan is governed by the law "Valuation activity" adopted in 1995.