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What is real estate appraisal?
Real estate appraisal refers to the appraisal of housing value by real estate price appraisal institutions in accordance with relevant standards.

According to the Measures for the Assessment of House Expropriation on State-owned Land:

Article 2 Evaluate the value of houses expropriated on state-owned land and houses used for property right exchange, calculate the market price of expropriated houses similar to real estate, and review, evaluate and identify relevant evaluation results. Article 7 A real estate appraisal institution shall assign a sufficient number of registered real estate appraisers who are suitable for the workload of the house expropriation appraisal project to carry out the appraisal work.

Real estate appraisal institutions shall not transfer or transfer the entrusted house expropriation and appraisal business in disguised form.

Article 8 The purpose of evaluating the value of the expropriated house shall be expressed as "providing a basis for the house expropriation department and the expropriated person to determine the compensation for the value of the expropriated house and evaluating the value of the expropriated house".

The purpose of evaluating the value of houses with property rights exchange should be expressed as "to provide a basis for the house expropriation department and the expropriated person to calculate the difference between the value of houses with property rights exchange and evaluate the value of houses with property rights exchange".