The fees for preparing appraisals are dependent on the difficulty, the size of the property, and the effort. For example, for fair value appraisals the determined fair market value is decisive. In setting our fees for German assets, we follow the fee structure provided by the German Federal Association of Chartered and Sworn Surveyors (Bundesverbandes der öffentlich bestellten und vereidigten sowie qualifizierten Sachverständigen – BVS). For larger (international) projects, we agree on fees with the client on an individual basis. Consultancies and expert opinions are charged on an hourly rate. For each appraisal, we charge our expenses for obtaining the necessary documents (e.g., a site plan and aerial photograph) as well as the statutory value added tax.