Requirements

The process of recognition seeks to establish a flexible approach with regard to the knowledge and experience required to demonstrate valuation skills.

Applicants will be required to demonstrate that they possess sound knowledge of, and professional experience in, the theory and practice of valuation including the application of European Valuation Standards or such other equivalent valuation standard recognised by TEGoVA and required (where appropriate) by a state regulation.

In order to achieve recognition applicants will need to comply with the requirements of one of the following three categories:

Category 1

Candidate who has obtained a recognised university degree or post graduate diploma or other certificate relevant to asset valuation (covering the definition set out on the attached chart below), needs to demonstrate to the Member Association, that he/she:

a) has 2 years of professional experience in property valuation;
b) has undertaken and can show at least twenty written valuations within the last two years plus two valuation reports or, in exceptional circumstances, a lesser number of valuations as the Recognition Committee may consider appropriate;
c) fulfils such further requirements as may be deemed appropriate by the Member Association or the Recognition Committee.

Category 2

Candidate with a university degree, or post graduate diploma or degree or professional qualification, considered relevant to real estate (but not covering the definition set out on the attached cart), needs to demonstrate to the Member Association that she/he:

a) has 5 years of professional experience in the property business of which three years must include professional experience in property valuation;
b) has undertaken and can show at least twenty written valuations within the last two years plus two valaution reports or, in exceptional circumstances, a lesser number of valuations as the Recognition Committee may consider appropriate;
c) fulfils such further requirements as may be deemed appropriate by the Member Association or the Recognition Committee.

Category 3

Candidate without a university degree, post graduate diploma or degree relevant to asset valuation or other appropriate educational or professional qualification:
Needs to demonstrate to the Member Association that he/she:

a) has 10 years professional experience in the property business of which three years must include professional experience in property valuation;
b) has undertaken and can show at least twenty written valuations within the last two years plus two valuation reports or, in exceptional circumstances, a lesser number of valuations as the Recognition Committee may consider appropriate;
c) fulfils such further requirements as may be deemed appropriate by the Member Association or the Recognition Committee.

Please find attached the 'Education & Experience Requirements Chart'.

Maintain life long learning through a programme of continuing professional development

An applicant valuer must carry out at least 20 hours of continuous professional development per year, the monitoring and approval of which is overseen by the Member Association.

Adhere to a code of professional ethics

The applicant valuer must declare, in accordance with the RD, that he adheres to the code of ethics and valuation standards of the Member Association, and that he adheres to the rules and regulations of his country of origin with regard to property valuation.

Where appropriate, be legally recognised to practise valuation in their country of origin

In those countries where the valuation profession is regulated, the candidate has to be enabled in accordance with national rules to carry out valuations.