A Study of Client Influence on Real Estate Valuation

However, the topic of client influence has been lightly researched.Levy & Schuck（1999,2005）, Chang(2005) and Chen(2006) tried to identify and classify what client pressure can influence valuation. Unfortunately, researchers have focused on the viewpoint of valuer.

This study aims to consider the theoretical potential for client influences to bias valuation, and assess the validity of the resulting framework by seeking input from valuers and clients. We conclude clients influence valuation is a common phenomenon and opinion shopping is a most important factor in Taiwan. Moreover, more openness of transaction database more client influence does come into existence in Taiwan and Mainland China, but doesn’t in Singapore.