of November 2, 2005 No. ZR-189
About estimative activities
Accepted by National Assembly of the Republic of Armenia on October 4, 2005
1. This Law establishes bases of implementation of estimative activities in the Republic of Armenia and regulates the relations connected with estimative activities.
1. Operation of this Law extends to the estimative activities performed in the territory of the Republic of Armenia.
2. This Law does not extend to assessment of cultural values, securities, derivative financial instruments (transactions), currency values, precious metals, gemstones and jewelry of precious metals and stones, cadastral real estate appraisal.
1. Estimative activities are regulated by the Civil code of the Republic of Armenia, this Law, estimative standards and other regulatory legal acts of the Republic of Armenia, and also international treaties of the Republic of Armenia.
1. In this Law the following basic concepts are used:
1) the appraiser - the physical person having the existing certificate on qualification of the appraiser and registered by authorized body;
2) the estimative organization - the organization or the individual entrepreneur performing estimative activities, registered by authorized body according to the procedure, established by this Law;
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