An appraisal is a valuation of property provided by a professional.
When the valuable articles are presented, the appraiser will examine, authenticate, weigh and estimate the pawn value with experience, knowledge and judgment. The pawn amount will then be offered to the pawner.
Professional Role of the Singapore Pawnbrokers Association
Singapore Pawnbrokers Association aims to enhance the image of the industry, promote industrial advancement to keep pace with the changing times, and ultimately, to support the industry in providing better pawnbroking services to the public.
The Association also promotes the use of modern appraisal equipments and instruments to enhance valuation accuracy. These have contributed to the process of rejuvenating the pawn-broking trade.