Under its current form, TEGoVA emerged, in June 1997, from the former EUROVAL.

TEGoVA is the European umbrella organisation of national valuers associations. Its main objective is the creation and spreading of harmonised standards for valuation practice, for education and qualification as well as for corporate governance and ethics for valuers.

In doing so, TEGoVA supports its member associations in the countries of the European Union as well as in the emerging markets in central and eastern Europe in the introduction and implementation of these standards.

Its aim is to create a platform open to additional European countries which would speak with a common voice on valuation to European legislators and policy-makers. Today it represents the interests of 44 associations from 26 countries with a total of over 120.000 members.

TEGoVA has three categories of members: full members, associate members and observer members.

The Group is open to:

* Associations representing valuers of the European Union

* Associations representing valuers from non- EU countries

* Associations admitted on a case-by-case basis

Natural persons cannot be members.

The 'European Group of Valuers' Associations', in French 'Groupe européen des associations d'experts immobiliers', in short 'TEGoVA', is a non profit organisation (AISBL-association internationale sans but lucratif) established in Brussels, under Belgian Law.

A financial statement of the Association prepared by certified accountants is provided annually. An auditor appointed by the General Assembly certifies the financial statements.