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Journal : Arena Hukum

Appraisal Team: Responsibility and Principle of Fairness in Determining the Value of the Auction Object Limit Muslim, Shohib; Noerdajasakti, Setiawan; Setyowati, Dewi; Siboy, Ahmad
Arena Hukum Vol. 17 No. 3 (2024)
Publisher : Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.arenahukum2024.01703.7

Abstract

Appraisal service companies are entities tasked with determining the true value of wealth or property for various trade transaction purposes, but they currently face a range of economic and legal challenges. This study analyses the appraisal team's principles of justice and legal responsibility in setting the minimum bid value for auctioned collateral. Employing a normative legal research method, this research draws on statutory, conceptual and case approaches supported by primary legal material. The findings show that the appraisal team is legally responsible for the values they determine for collateral auctions, with the liability encompassing three main areas, including civil liability. If the team is proven to have violated the provisions of the auction as mentioned in PMK Number 228 / PMK.01 / 2019 concerning Public Appraisers, they may face administrative sanctions, such as written warnings, restrictions on certain appraisal services, suspension of permits, or permit revocation. Furthermore, the Government has provided legal protection to auction buyers with good faith who participate in auctions in compliance with applicable regulations. Fairness must be achieved and upheld through just procedures to ensure fair results, giving all parties equal standing and rights in the auction process.
Co-Authors - Pawestri A Farisi Adelia Ayu Qurrotul Jannah Ahmad Siboy Alawia, Fuji Astuti Alriana, Thre Anik Amalia, Rize Budi Anas Ahmadi Andriyanti Andriyanti, Andriyanti Anwar, Najih Arlean, Maria Agatha Arum Ariasty, Aurelya Asmarawati, Tri Pudy Atika Atika Bakhtiar, Arief Bou, Sharlyani Maria Budi Prasetyo Budi Prasetyo Deby Artika P Dian Shalma Kartika Dwilda, Euvanggelia EMMILIA RUSDIANA, EMMILIA Farah Diba Azzahra Farizi, Sofia Al Fatin Nazurah Izzati Binti Hamdani Fatkuroji Fatkuroji Fransiska Niken Hapsari Galuh Zediara Gatut Hardianto, Gatut Hamidah, Nadhifa Alya Hariyono Hariyono Hilwa Naura Nabila Hudi, Nurul Indrianingrattu, Nindi Ivon Diah Wittiarika Jayanti, Ratna Dwi Khoiriyyah, Khoiriyyah Kusuma, Ira Nurwahyu Levina Yustitianingtyas Levina Yustitianingtyas, Levina Linda Dewanti Lovita, Agnestia Naning Dian Luthfiani, Farikha Madusekar, Nila Maria Octaviani Kartini Sema Miftakhul Huda Misheel Trivena Setiawan Mohamed Alif Haikal Bin Mohamed Iskandar Much Nurkharistna Al Jihad Mufarokhah, Amelya Binti Muslim, Shohib Nenccy Mirasari Ngatwati Ni Luh Ayu Megasari Ningrum, Astika Gita Noorlaila Ainunnissa Novita, Sely Nurhayati Fitria Amin Prasetyo, Muhammad Rizkinanda Pratiwi, L.Ya Esty Pudji Lestari Pupus Ultraluana Puspita Sari, Mita Yuniar Putra, Candra Pratama Ramdhan Dwi Saputro Resha Zulfuaedah Riani, Rista Elva Riri Aprianti Risna Milkhatin S Salsabilla Anantya Adinda Nugroho Sari, Gadis Meinar Setiawan Noerdajasakti, Setiawan Sidiqkah, Amalia Iin Siti Norhikmah Binti Abd. Razak Siti Nurul Komariah Sri Rejeki, Purwo Sumbawati, Mulia Dian Taryana, Amalia Marjan Wardhana, Manggala Pasca Widati Fatmaningrum Yublina Rambu Mbali Idi Zamrotul Izzah