Auction giant Ritchie Bros. has formalized its appraisal services, and launched a new division, Ritchie Bros. Appraisal Services.
“We have been providing appraisal services for a while now, but we’re adding USPAP [Uniform Standards of Professional Appraisal Practice]-compliant appraisals to our menu and formally bundling all of these under a new Ritchie Bros. Appraisal Services umbrella,” said Lee Danhauer, vice president, Ritchie Bros. Appraisal Services.
“We believe we have the team and the technology in place to become a leader in the appraisal industry,” Danhauer continues. “Like the Inspection Services offering we launched late last year, Ritchie Bros. Appraisal Services will be connected to our RB Asset Solutions technology, with RB Asset Solutions’ inventory management system acting as a central hub that links to our many services.”
Under the division, the company will offer two types of appraisals:
