The Federal Association of Real Estate Investment Experts e. V. (BIIS) is the professional association of independent experts specialized in the valuation of commercial real estate. It was founded in April 2002. The BIIS currently has 121 experts. On behalf of institutional investors, the members of BIIS annually value real estate in value of more than 500 billion Euros. Almost 50% of all valuations are for foreign properties.
Membership in BIIS is based exclusively on the criteria of professional aptitude and personal independence. Members of BIIS usually hold a university degree with relevant specialization, postgraduate studies, public appointment and swearing and / or the Chartered Surveyor of the Royal Institution of Chartered Surveyors. In order to become a member of BIIS, an expert must have at least 7 years of experience in the field of commercial real estate valuation and be able to prove this by providing professional references.
Members of BIIS are personally independent and provide their valuations without any instructions. As a rule, they are self-employed and have been successfully running their own expert offices for many years.
The statutory objectives of BIIS are to inform the public about the fundamentals of property valuation by specially qualified experts, to provide a platform for the professional exchange of information of the associated experts and the continuous training of valuers in the field of international real estate markets.
BIIS is an officially recognized partner for all relevant authorities whenever the interests of national and international real estate valuation are concerned. BIIS is a member of the German Property Federation (ZIA) and an information member of the German Investment Funds Association BVI.
Upon request, BIIS assist authorities, courts and private institutions in selecting suitable experts for the valuation of commercial real estate in Germany and abroad.