The Recognition Committee

The Recognition Committee (RC) is a specially constituted group established to monitor and run the REV scheme.

Role & Responsibilities

The Recognition Committee currently comprises nine members and has five key tasks to fulfil to ensure the success and growth of the Recognised European Valuer Scheme (REV).

* The first task is to assess those TEGoVA Member Associations who wish to award Recognised European Valuer status certificates to their valuer members to ensure that the TMA meets the standards required by the REV Scheme as approved by the TEGoVA General Assembly.

* The second purpose of the Committee is to keep the REV scheme under review to ensure that it not only maintains but seeks to improve the required standards in order that clients of may have confidence in REV valuer members of a TMA.

* The third requirement is to ensure that TEGoVA provides TMAs and individual REVs with news and information through a relevant and dedicated section of the TEGoVA website.

* The fourth responsibility of the Committee is to ensure through a transparent audit process that an approved TMA maintains the required standards as set out in the Agreement between themselves and TEGoVA.

* The fifth duty is to work with the TEGoVA Secretariat, legal and other advisors to ensure the efficient and effective running of the Recognised European Valuer scheme.

The RC will additionally:

* The RC will be responsible for approving the procedures of each Member Association, in accordance with the Scheme.

* The final agreement between TEGoVA and the Member Association, is the responsibility of the Chairman of the Recognition Committee, who shall consult with members of the Committee and the applicant Member Association, and is subject to approval by the Board and the General Assembly.

In the implementation of these responsibilities the Recognition Committee regularly reports to the TEGoVA Board and where any matters of substance arise to ensure that they are submitted to the General Assembly for approval.

Appointment

The TEGoVA Board will appoint, oversee and dismiss as appropriate a Recognition Committee (RC).

The Chairman and members are appointed by the TEGoVA Board subject to ratification by the General Assembly.

The Recognition Committee currently comprises nine members.