Professional valuation of movable and immovable property began to be dealt with in 1991, after the first edition of the “Law on the Privatization of State and Municipal Property” came into force. However, official approval had to wait another five years until November 27, 1996, when, by the Decree of the Ministry of Labor and Social Development of the Russian Federation, a new professional position - property valuation expert - fully came into force. Every year on November 27, assessment specialists celebrate their professional holiday.