Rock to Road

Ritchie Bros. launches new appraisal services offering

February 19, 2020  By Ritchie Bros.

Vancouver – Ritchie Bros. launched its own appraisal services offering. The used equipment experts are now providing USPAP compliant appraisals.

“We have been providing appraisal services for a while now, but we’re adding USPAP 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. “These new ‘compliant’ appraisal reports conform with standards set out by the Uniform Standards of Professional Appraisal Practice and are conducted by our expert team of in-house accredited appraisers.”

“We believe we have the team and the technology in place to become a leader in the appraisal industry. 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,” said Danhauer.

Ritchie Bros. Appraisal Services products include:


Ritchie Bros. USPAP compliant appraisals: managed and reviewed by accredited appraisers who have earned credentials from the American Society of Appraisers (ASA) and comply with the ethics, standards, and regulations set forth by the Appraisal Foundation in the Uniform Standards of Professional Appraisal Practice (USPAP). Several values are provided depending on the client’s needs; these might include fair market values (FMV), orderly liquidation values (OLV) and forced liquidation values (FLV).

For more information about Ritchie Bros. Appraisal Services, contact Lee Danhauer at 1-336-414-5045

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